Top insider trades (Mon, Jul 20)

Connor’s Commentary

Insider buying at banks is nearing a 10y low.

Anyone have any ideas why?

The only period with less insider buying in the last decade was the end of 2024, and banks did have a ~20% drawdown to start 2025

Today’s Largest Unscheduled Trades

There were 149 new insider trades filed.

1 insider trade was flagged as High Signal. It’s actually the second critical mineral / REE high signal insider purchase we’ve seen in the last week, which is interesting because the US gov is trying to bring those supply chains to the US, and both companies are working on vertically integrating the entire supply chain from mine-to-mineral.

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

We also found 2 insider purchases from insiders who average 20%+ 1y returns.

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

Today’s largest unscheduled insider trades:

• Director (SUMITOMO MITSUI FINANCIAL GROUP, INC.) at Jefferies Financial Group Inc. $JEF purchased $318.72M (2nd largest purchase, out of 3). This increased their listed holdings by 222%.

• President and CEO at Elevance Health, Inc. $ELV purchased $1.00M (2nd largest purchase, out of 6). Dip Buy: the stock was down -10% in the previous week. 1 other insider also purchased the stock in the last 30 days.

• Director (PERU RAMIRO G) at Elevance Health, Inc. $ELV purchased $366.05K (largest purchase ever, out of 12). This increased their listed holdings by 10%. Dip Buy: the stock was down -10% in the previous week. Reversal: they made 16 straight sales before this purchase. Their last purchase was 6696 days ago. 1 other insider also purchased the stock in the last 30 days.

• Chief Financial Officer at Greenland Mines Ltd $GRML purchased $245.28K. This increased their listed holdings by 40%. Dip Buy: the stock was down -45% in the previous month. Large price difference: Current: $0.21 | Tx: $0.18 | Diff: (+19.29%).

• 10% Owner (HRT FINANCIAL LP) at Lion Group Holding Ltd $LGHL purchased $184.47K. This increased their listed holdings by 2,338%. Dip Buy: the stock was down -65% in the previous month.

• 10% Owner (CANTOR FITZGERALD, L. P.) at GCM Grosvenor Inc. $GMCG sold $7.60M (largest sale ever, out of 3).

• Head Technology & Operations at MORGAN STANLEY $MS sold $5.21M (largest sale ever, out of 6). This decreased their listed holdings by -16%. Rip Sell: the stock was up 58% in the previous year. 1 other insider also sold the stock in the last 30 days.

• Chairman and CEO at BlackRock, Inc. $BLK sold $2.06M (51st largest sale, out of 55). 1 other insider also sold the stock in the last 30 days.

  10% Owner (GV 2019 GP, L.L.C.) at Ethos Technologies Inc. $LIFE sold $1.83M (5th largest sale, out of 17).

• Director (SCOTT GEOFFREY GATES) at AEHR TEST SYSTEMS $AEHR sold $1.64M (4th largest sale, out of 15). This decreased their listed holdings by -14%. Rip Sell: the stock was up 192% in the previous 6 months.

• EVP of Strategic&Legal Affairs at IDT CORP $IDT sold $507.84K (2nd largest sale, out of 3). This decreased their listed holdings by -22%. 2 other insiders also sold the stock in the last 30 days.

• VP, Controller & Treasurer at PAYCHEX INC $PAYX sold $303.13K (largest sale ever, out of 3). 2 other insiders also sold the stock in the last 30 days.

• Director (MARTINEZ ANGEL R) at KORN FERRY $KFY sold $295.46K (11th largest sale, out of 15). This decreased their listed holdings by -11%. Reversal: they made 1 straight purchases before this sale. 2 other insiders also sold the stock in the last 30 days.

• Chief Administrative Officer at GOLDMAN SACHS GROUP INC $GS sold $287.95K (2nd largest sale, out of 2). Rip Sell: the stock was up 58% in the previous year. Their last sale was 966 days ago.

• President & CEO at Monte Rosa Therapeutics, Inc. $GLUE sold $220.22K (largest sale ever, out of 6). Rip Sell: the stock was up 25% in the previous month. 4 other insiders also sold the stock in the last 30 days.

• Director (Mehra Vineet) at Lovesac Co $LOVE sold $91.91K (first-ever sale). This decreased their listed holdings by -21%. Rip Sell: the stock was up 33% in the previous month.

• and more…

The rest of this email is for premium subscribers only.

CEO Watcher Premium

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