Top insider trades (Mon, May 18)

Connor’s Commentary

There were 230 new insider trades filed.

1 insider trades was flagged as High Signal as we found a leading financial services company that has sold off on AI fears even though they’ve increased guidance three quarters in a row and increased their buyback by 6x.

CEO Watcher Premium subs can see those 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.

• 10% Owner (DART KENNETH BRYAN) at Flutter Entertainment plc $FLUT purchased $61.70M. Dip Buy: the stock was down -53% in the previous 6 months. 6 other insiders also purchased the stock in the last 30 days. Is part of a dividend reinvestment.

• Director (Meister Keith A.) at GeneDx Holdings Corp. $WGS purchased $13.77M (5th largest purchase, out of 20). Dip Buy: the stock was down -39% in the previous month. This insider has purchased the stock 2 times in the last 30 days.

• Director (Courtis Kenneth S.) at Alpha Metallurgical Resources, Inc. $AMR purchased $2.84M (4th largest purchase, out of 11).

• Executive Officer & Co-CEO at On Holding AG $ONON purchased $2.20M (first-ever purchase). 2 other insiders also purchased the stock in the last 30 days.

• Executive Officer at On Holding AG $ONON purchased $2.20M (first-ever purchase). 2 other insiders also purchased the stock in the last 30 days.

• Executive Officer & Co-CEO at On Holding AG $ONON purchased $2.20M (first-ever purchase). 2 other insiders also purchased the stock in the last 30 days.

• Director (Borba George A Jr) at CVB FINANCIAL CORP $CVBF purchased $499.98K (9th largest purchase, out of 9). This insider has purchased the stock 2 times in the last 30 days.

• Director (Ndlovu July) at Caledonia Mining Corp Plc $CMCL purchased $372.15K (first-ever purchase).

• Chief Financial Officer at VALVOLINE INC $VVV purchased $318.00K (2nd largest purchase, out of 4). This increased their listed holdings by 41%.

• 10% Owner (Granado Geraldine Scripps) at E.W. SCRIPPS Co $SSP purchased $257.81K (largest purchase ever, out of 3). This increased their listed holdings by 100%. Dip Buy: the stock was down -29% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• EVP & Chief Financial Officer at KBR, INC. $KBR purchased $256.27K (first-ever purchase). This increased their listed holdings by 23%.

• Director (GTCR INVESTMENT XI LLC) at Sotera Health Co $SHC sold $193.17M (2nd largest sale, out of 9). This decreased their listed holdings by -100%.

• Director (LI XIANHUA) at JinkoSolar Holding Co., Ltd. $JKS sold $32.68M (first-ever sale). This decreased their listed holdings by -10%. 1 other insider also sold the stock in the last 30 days.

• Chief Strategy Officer at Monster Beverage Corp $MNST sold $8.48M (largest sale ever, out of 17). This decreased their listed holdings by -43%. Rip Sell: the stock was up 16% in the previous month.

• Director (Al-Nowais Yousif Mohammed Ali Nasser) at National Energy Services Reunited Corp. $NESR sold $8.15M (first-ever sale). Rip Sell: the stock was up 85% in the previous 6 months.

• VP and Chief Financial Officer at Arteris, Inc. $AIP sold $7.38M (largest sale ever, out of 36). This decreased their listed holdings by -66%. Rip Sell: the stock was up 66% in the previous month. 6 other insiders also sold the stock in the last 30 days.

• Director (Batista de Lima Filho Pedro) at AXIA Energia S.A. $AXIA3 sold $6.28M (5th largest sale, out of 10). Rip Sell: the stock was up 78% in the previous year. 1 other insider also sold the stock in the last 30 days.

• Principal Accounting Officer at CoreWeave, Inc. $CRWV sold $4.84M (largest sale ever, out of 8). This decreased their listed holdings by -99%. Rip Sell: the stock was up 63% in the previous year. 6 other insiders also sold the stock in the last 30 days.

• Chief Legal Officer at Adeia Inc. $ADEA sold $3.15M (first-ever sale). This decreased their listed holdings by -24%. Rip Sell: the stock was up 59% in the previous 3 months.

• Senior Vice President at STEEL DYNAMICS INC $STLD sold $2.13M (3rd largest sale, out of 8). This decreased their listed holdings by -11%. 3 other insiders also sold the stock in the last 30 days.

• EVP and Pres. IPS* at REGAL REXNORD CORP $RRX sold $1.96M (largest sale ever, out of 3). This decreased their listed holdings by -25%. 2 other insiders also sold the stock in the last 30 days.

• Director (SCHEIBLE DAVID W) at BENCHMARK ELECTRONICS INC $BHE sold $1.95M (4th largest sale, out of 16). This decreased their listed holdings by -27%. Rip Sell: the stock was up 39% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• Director (HAWK GLEN) at EVERSPIN TECHNOLOGIES INC. $MRAM sold $1.84M (2nd largest sale, out of 5). This decreased their listed holdings by -55%. Rip Sell: the stock was up 218% in the previous month. 3 other insiders also sold the stock in the last 30 days.

• Chief Product and Tech Officer at Remitly Global, Inc. $RELY sold $1.17M (2nd largest sale, out of 10). Rip Sell: the stock was up 77% in the previous 3 months. 4 other insiders also sold the stock in the last 30 days.

• and more…

Commentary

Insider buying at Professional/Commercial Services companies is nearing all-time highs.

There are many compelling stocks in this industry. We are just waiting for the AI fears to subside and money to rotate back into it.

The rest of this email is for premium subscribers only.

CEO Watcher Premium

The rest of this email (including today’s top insider trades + all the charts and data) is for CEO Watcher Premium subscribers only. To see an example of the Premium email, click here.

Upgrade to CEO Watcher Premium at ceowatcher.com to unlock:

• The Premium daily emails

• Full access to the website, which has all insider trades back to 2009. It includes search/filters and the returns of every trade and every insider to help you find the top insider trades

• Full access to the CEO Watcher Premium Discord where I share my notes and holdings in the CEO Watcher Portfolio

• The Premium Dashboard, which has a bunch of charts/tables with insider trading data that is updated each day

If CEO Watcher Premium is not for you, I give full refunds with no questions asked.