Top insider trades (Mon, Nov 17)

Connor’s Commentary

Hello, and sorry for the late email. I was hoping to have something to share that I couldn’t quite get finished up in time.

There were 235 new insider trades filed. Another small dip in insider sentiment, as 34% of the unscheduled trades were purchases. It’s still slightly above the 10y average, but below the high 30s/low 40s we’ve been seeing to start November.

• A handful of insiders at Primo Brands ($PRMB) are buying the post-earnings dip

• After a couple of months of no selling, the SVP of Corp Dev at ANI Pharmaceuticals (ANIP) sells another $1.3M. This moves it into the Top 5 of most sold companies in the last 3 months

• The CFO at NXP Semiconductor sells another $1.47M of the stock (80% of his listed holdings) after selling $1.54M back in July

• The Chief Business Officer and COO at ARS Pharmaceuticals both sell over 60% of their listed holdings

• The CFO, CEO, and a couple of directors at Mineralys Therapeutics (MLYS) sold $16M of the stock

• The CFO at FTAI Aviation (FTAI) joins the CEO and COO with a $100k purchase

• and much more…

I go into more depth on these companies in the Today’s Top Trades and Other Trade Notes sections.

Commentary

Started the day off with another quick win after getting a real-time alert that the CEO at Cervomed (CRVO) bought $59k of the stock.

Fortunately, I had my phone next to me when the notif came in and was able to get an order filled at $7.96, and it was up to $8.95 just 15 minutes later.

This will also push the price above all the moving averages, so it will be interesting to see if this one can stick above the 50d/20d and run a little longer because of that. For these CEO purchases, I’m just trying to catch the pop, so I put on a tight stop loss and then will revisit for a potentially longer-term trade later.

I am working on a big spreadsheet dashboard for CEO Watcher Premium members that includes all kinds of cool charts and tables that I was hoping I’d have ready to share today, but it’s not quite ready. Another main feature that people have been asking for is the list of Top Trades and Need More Research trades with their moving averages, so we can easily see when the price action has become strong (for buys) or weak (for sales).

You’ll notice from the screenshot below that most of the potentially high signal insider buys are trading below their moving averages, while most sales (shorts) are trading above them.

This makes sense as most good insiders are value investors. They buy the stock when it is low and sell when the price is high. They also tend to be early and are less price sensitive than we are because they will be working at the company for a long time and receiving more shares as they work there.

In order to account for this and try to time our trades better, we can use the moving averages to avoid buying too early and catching a falling knife or selling/shorting too early and getting our faces ripped off by a stock with strong momentum.

I’ll probably share this dashboard with CEO Watcher Premium subs today or tomorrow and then write up more about it in Wednesday’s email.

keep scrolling. more data below

🔒 Today’s Top Trades

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🔒 Other Trade Notes

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🔒 Data Dump

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