Top insider trades (Mon, Aug 3)

Connor’s Commentary

Everforth (EFOR) is an IT Consulting company that was crushed due to AI fears.

It sat at the top of our Top Companies List for three months after twelve insiders bought the post-earnings dip in April (it was also added to our High Signal List at the same time).

The stock then fell another 20%+ after the insiders purchased (could it have been one of Leopold’s short positions?).

However, it started rallying in mid-July, had a great earnings report last week, and is now up 66% from the bottom (and all of the insiders are up 30%+).

Another successful post-earnings dip buy from insiders.

Today’s Largest Unscheduled Trades

There were 134 new insider trades filed.

1 insider bought a stock already on the High Signal List. The stock fell 15% after earnings, but has recovered half of the dip and is still positive since it was added to the High Signal List. It trades almost 40% below its median EV/EBITDA, and now another insider is buying the stock.

Our system gave high scores to 1 insider purchase (I shared our system’s notes on those in the High Scoring Purchases - Quick Notes).

CEO Watcher Premium subs can see those notes in later sections of this email.

Today’s largest unscheduled insider trades:

• Director (Hayden Michael R) at IONIS PHARMACEUTICALS INC $IONS purchased $1.06M (2nd largest purchase, out of 7). This increased their listed holdings by 34%. Dip Buy: the stock was down -32% in the previous month. Their last purchase was 455 days ago.

• 10% Owner (Hartree Partners, LP) at HUDSON TECHNOLOGIES INC /NY $HDSN purchased $312.10K (3rd largest purchase, out of 4). This insider has purchased the stock 4 times in the last 30 days.

• Chief Executive Officer at Beyond Air, Inc. $XAIR purchased $200.00K. This increased their listed holdings by 104,166%. Dip Buy: the stock was down -40% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• VP-Engineering at BADGER METER INC $BMI purchased $101.57K (largest purchase ever, out of 2). This increased their listed holdings by 63%.

• Chief Executive Officer at Cosmos Health Inc. $COSM purchased $70.00K. Dip Buy: the stock was down -45% in the previous 3 months. This insider has purchased the stock 2 times in the last 30 days.

• Director (GEYGAN JEFFREY RICHART) at Loop Industries, Inc. $LOOP purchased $51.98K. Dip Buy: the stock was down -23% in the previous month.

• EVP, CFO at DIEBOLD NIXDORF, Inc $DBD purchased $50.60K (3rd largest purchase, out of 5). Dip Buy: the stock was down -20% in the previous week.

• VICE CHAIR, CHF PPL & CORP AFF at VISA INC. $V sold $20.90M (largest sale ever, out of 11). This decreased their listed holdings by -53%. Their last sale was 538 days ago. 2 other insiders also sold the stock in the last 30 days.

• Chief Financial Officer at Bank of New York Mellon Corp $BNY sold $4.94M (first-ever sale). This decreased their listed holdings by -11%. Rip Sell: the stock was up 56% in the previous year.

• Pres&CEO, Royal Caribbean Intl at ROYAL CARIBBEAN CRUISES LTD $RCL sold $4.05M (5th largest sale, out of 38). This decreased their listed holdings by -22%. Rip Sell: the stock was up 22% in the previous 3 months.

• Director (Dove Reid) at Knight-Swift Transportation Holdings Inc. $KNX sold $3.51M (first-ever sale). This decreased their listed holdings by -22%. 1 other insider also sold the stock in the last 30 days.

• CEO Executive Chairman at Karooooo Ltd. $KARO sold $3.24M (largest sale ever, out of 2). Rip Sell: the stock was up 32% in the previous month. This insider has sold the stock 2 times in the last 30 days.

• CHIEF FINANCIAL OFFICER at SKYWEST INC $SKYW sold $2.76M (largest sale ever, out of 16). This decreased their listed holdings by -21%. Rip Sell: the stock was up 31% in the previous 3 months. 2 other insiders also sold the stock in the last 30 days.

• EVP, Chief Operating Officer at TENET HEALTHCARE CORP $THC sold $2.58M (largest sale ever, out of 3). This decreased their listed holdings by -23%. Rip Sell: the stock was up 36% in the previous month. 3 other insiders also sold the stock in the last 30 days.

• Chairman at Customers Bancorp, Inc. $CUBI sold $2.47M (13th largest sale, out of 29).

• EVP, CFO & Treasurer at Curbline Properties Corp. $CURB sold $1.67M (largest sale ever, out of 5). This decreased their listed holdings by -26%. Their last sale was 396 days ago.

• Chief Risk Officer at Bank of N.T. Butterfield & Son Ltd $NTB sold $1.14M (first-ever sale). This decreased their listed holdings by -100%. 3 other insiders also sold the stock in the last 30 days.

• Chief Risk Officer, Cayman at Bank of N.T. Butterfield & Son Ltd $NTB sold $1.14M (first-ever sale). This decreased their listed holdings by -100%. 3 other insiders also sold the stock in the last 30 days.

• Pres. Capital Access Platforms at NASDAQ, INC. $NDAQ sold $1.06M (2nd largest sale, out of 39). Rip Sell: the stock was up 20% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• SVP & Advisor to the CFO at AMERICAN TOWER CORP /MA/ $AMT sold $894.45K (8th largest sale, out of 22). This decreased their listed holdings by -18%. 1 other insider also sold the stock in the last 30 days.

• EVP & CFO at HASBRO, INC. $HAS sold $776.60K (3rd largest sale, out of 3). 2 other insiders also sold the stock in the last 30 days.

• and more…

The rest of this email is for premium subscribers only.

CEO Watcher Premium

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