Top insider trades (Mon, Apr 13)

Connor’s Commentary

There were 137 new insider trades filed.

1 insider trade was flagged as High Signal, and CEO Watcher Premium subs can see that trade in the Trade Notes section of this email (just scroll down).

As a reminder, if you upgrade to CEO Watcher Premium (link) and find that it isn’t for you, I’ll give you a refund.

• Director (George Gregory) at MESOBLAST LTD $MESO purchased $26.14M (first-ever purchase). This increased their listed holdings by 31%.

• Director (O'Shaughnessy Laura) at ACUITY INC. (DE) $AYI purchased $282.98K (largest purchase ever, out of 3). This increased their listed holdings by 47%. Their last purchase was 1093 days ago.

• Director (SHEFFIELD SCOTT D) at Tamboran Resources Corp $TBN purchased $251.77K (first-ever purchase). Dip Buy: the stock was down -23% in the previous week.

• Director (NORMAN LUKE ANTHONY) at U.S. GOLD CORP. $USAU purchased $146.30K (largest purchase ever, out of 5). Reversal: they made 1 straight sales before this purchase. Their last purchase was 723 days ago.

• Chief Strategy Officer at Baozun Inc. $BZUN purchased $78.45K (largest purchase ever, out of 3). This increased their listed holdings by 33%. 1 other insider also purchased the stock in the last 30 days.

• President, ISG at Broadcom Inc. $AVGO sold $10.64M (first-ever sale). This decreased their listed holdings by -31%. Rip Sell: the stock was up 15% in the previous week. 5 other insiders also sold the stock in the last 30 days.

• Director (Chen Jeffrey) at ASE Technology Holding Co., Ltd. $ASX sold $10.40M (first-ever sale). Rip Sell: the stock was up 11% in the previous month.

• Director (RA CAPITAL MANAGEMENT, L.P.) at Vor Biopharma Inc. $VOR sold $10.23M (13th largest sale, out of 32). This decreased their listed holdings by -13%. This insider has sold the stock 2 times in the last 30 days.

• Director (AE RED HOLDINGS, LLC) at Redwire Corp $RDW sold $9.23M (11th largest sale, out of 38). This insider has sold the stock 5 times in the last 30 days. Appears to be regularly scheduled monthly transaction.

• CEO at PHOTRONICS INC $PLAB sold $5.20M (largest sale ever, out of 13). This decreased their listed holdings by -26%. Rip Sell: the stock was up 26% in the previous month. Their last sale was 2646 days ago. 4 other insiders also sold the stock in the last 30 days.

• Director (Isaksen Bjorn Andreas Freng) at Himalaya Shipping Ltd. $HSHP sold $4.02M (first-ever sale). This decreased their listed holdings by -50%. Rip Sell: the stock was up 44% in the previous 3 months.

• President, SSG at Broadcom Inc. $AVGO sold $3.45M (8th largest sale, out of 36). Rip Sell: the stock was up 15% in the previous week. 5 other insiders also sold the stock in the last 30 days.

• Director (SCOTT GEOFFREY GATES) at AEHR TEST SYSTEMS $AEHR sold $2.37M (largest sale ever, out of 13). This decreased their listed holdings by -13%. Rip Sell: the stock was up 75% in the previous month. Their last sale was 980 days ago. 5 other insiders also sold the stock in the last 30 days.

• Director (POSEDEL RHEA J) at AEHR TEST SYSTEMS $AEHR sold $2.10M (3rd largest sale, out of 26). Rip Sell: the stock was up 75% in the previous month. 5 other insiders also sold the stock in the last 30 days.

• Retail business Officer at Itau Unibanco Holding S.A. $ITUB sold $1.61M (first-ever sale). This decreased their listed holdings by -10%. Rip Sell: the stock was up 82% in the previous year.

• CTO at AEHR TEST SYSTEMS $AEHR sold $1.08M (2nd largest sale, out of 7). Rip Sell: the stock was up 75% in the previous month. Their last sale was 973 days ago. 5 other insiders also sold the stock in the last 30 days.

• and more…

Commentary

I’ve had a couple of investors recently mention they’ve noticed a slowdown in insider purchases over the last couple of weeks and ask whether I am seeing this in the data.

Yes, I am, but this is just the quarterly cycle for insider trades. As we enter earnings season, we will see a month of very low insider trading activity, as insiders enter their blackout periods and are not supposed to place discretionary trades until after they announce earnings.

This is also why you have to be careful anytime you see someone online talking about a slowdown (or increase) in insider trades, especially if they are using a timeframe shorter than three months.

They may just be seeing the quarterly pattern shown in the chart above.

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