Top insider trades (Thu, Aug 13)

Today’s Largest Unscheduled Trades

There were 318 new insider trades filed.

No insider trades were flagged as High Signal. I really wanted to add Aptiv (APTV) because it is in an industry with significantly above-average inside buying (Automotive Components), trading below its median EV/EBITDA multiple, and has multiple insiders buying the post-earnings dip. However, the mgmt team continues to be wrong on their forecasting, and I’m just not convinced they are finally going to be correct this time.

Our system gave high scores to 4 insider purchases (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 all of these notes in later sections of this email.

Today’s most interesting unscheduled insider trades:

  • Executive Chairman at American Assets Trust, Inc. $AAT purchased $4.35M (6th largest purchase, out of 195). This insider has purchased the stock 2 times in the last 30 days.

  • Exec. Chair and CEO at Primo Brands Corp $PRMB purchased $2.00M (3rd largest purchase, out of 7). This increased their listed holdings by 17%.

  • Chairman & CEO at PFIZER INC $PFE purchased $1.00M (first-ever purchase). Rip Buy: the stock was up 12% in the previous month. Reversal: they made 2 straight sales before this purchase. 2 other insiders also purchased the stock in the last 30 days.

  • Chief Executive Officer at OppFi Inc. $OPFI purchased $422.99K (largest purchase ever, out of 39). Dip Buy: the stock was down -27% in the previous month. Their last purchase was 1156 days ago.

  • Chief Executive Officer at ProFrac Holding Corp. $ACDC purchased $401.85K (5th largest purchase, out of 9). 1 other insider also purchased the stock in the last 30 days.

  • President & CEO at Six Flags Entertainment Corporation/NEW $FUN purchased $248.26K (first-ever purchase). Dip Buy: the stock was down -15% in the previous week. Part of a 10b5-1 plan.

  • Chief Executive Officer at TOWER SEMICONDUCTOR LTD $TSEM sold $45.56M (largest sale ever, out of 2). This decreased their listed holdings by -25%. Rip Sell: the stock was up 86% in the previous 6 months. This insider has sold the stock 2 times in the last 30 days.

  • Chairman of the Board & CEO at MUELLER INDUSTRIES INC $MLI sold $23.38M (2nd largest sale, out of 33). This decreased their listed holdings by -14%. Rip Sell: the stock was up 20% in the previous month. 1 other insider also sold the stock in the last 30 days.

  • President, International at Warner Bros. Discovery, Inc. $WBD sold $15.99M (2nd largest sale, out of 2). This decreased their listed holdings by -41%. Rip Sell: the stock was up 141% in the previous year. 2 other insiders also sold the stock in the last 30 days.

  • President & CEO at Medpace Holdings, Inc. $MEDP sold $13.98M (28th largest sale, out of 116). Rip Sell: the stock was up 44% in the previous 3 months. 2 other insiders also sold the stock in the last 30 days.

  • EVP&Pres, Merck Animal Heallth at Merck & Co., Inc. $MRK sold $5.94M (largest sale ever, out of 3). This decreased their listed holdings by -29%. Rip Sell: the stock was up 67% in the previous year. 3 other insiders also sold the stock in the last 30 days.

  • SVP & Chief Operating Officer at Frontdoor, Inc. $FTDR sold $1.56M (largest sale ever, out of 3). This decreased their listed holdings by -98%. Rip Sell: the stock was up 31% in the previous 3 months. Their last sale was 456 days ago. 2 other insiders also sold the stock in the last 30 days.

Today’s other largest unscheduled insider trades:

  • 10% Owner (CASCADE INVESTMENT, L.L.C.) at REPUBLIC SERVICES, INC. $RSG purchased $108.15M (2nd largest purchase, out of 347).

  • 10% Owner (DART KENNETH BRYAN) at Flutter Entertainment plc $FLUT purchased $14.23M. Dip Buy: the stock was down -65% in the previous year. This insider has purchased the stock 6 times in the last 30 days. Is part of a dividend reinvestment.

  • Director (MALONE JOHN C) at Liberty Capital Corp/NV $GLIBK purchased $13.56M (6th largest purchase, out of 86). This increased their listed holdings by 24%.

  • Executive Chairman at American Assets Trust, Inc. $AAT purchased $4.35M (6th largest purchase, out of 195). This insider has purchased the stock 2 times in the last 30 days.

  • 10% Owner (Wilks Dan H.) at ProFrac Holding Corp. $ACDC purchased $3.62M (first-ever purchase). 1 other insider also purchased the stock in the last 30 days.

  • 10% Owner (PAINE SCHWARTZ FOOD CHAIN FUND V GP, LTD.) at SUJA LIFE, INC. $SUJA purchased $2.07M (first-ever purchase). Dip Buy: the stock was down -37% in the previous month. 1 other insider also purchased the stock in the last 30 days.

  • Exec. Chair and CEO at Primo Brands Corp $PRMB purchased $2.00M (3rd largest purchase, out of 7). This increased their listed holdings by 17%.

  • Director (Stanage Nick L) at AMETEK INC/ $AME purchased $1.02M (2nd largest purchase, out of 6). This increased their listed holdings by 526%.

  • Chairman & CEO at PFIZER INC $PFE purchased $1.00M (first-ever purchase). Rip Buy: the stock was up 12% in the previous month. Reversal: they made 2 straight sales before this purchase. 2 other insiders also purchased the stock in the last 30 days.

  • Director (Dinur Arnon) at Via Transportation, Inc. $VIA purchased $998.98K (first-ever purchase). Rip Buy: the stock was up 38% in the previous month. 1 other insider also purchased the stock in the last 30 days. Large price difference: Current: $25.05 | Tx: $22.31 | Diff: (+12.29%).

  • Director (Fitzgerald Charles) at Chiron Real Estate Inc. $XRN purchased $991.94K (first-ever purchase). This increased their listed holdings by 28%. 1 other insider also purchased the stock in the last 30 days.

  • 10% Owner (SCHULER JACK W) at BIODESIX INC $BDSX purchased $665.94K (77th largest purchase, out of 182). Rip Buy: the stock was up 54% in the previous 3 months.

  • Director (Mahoney Sean O) at Aptiv PLC $APTV purchased $552.68K (2nd largest purchase, out of 4). This increased their listed holdings by 53%. Reversal: they made 15 straight sales before this purchase. 2 other insiders also purchased the stock in the last 30 days.

  • Director (LEE EUGENE I JR) at Portillo's Inc. $PTLO purchased $299.98K (8th largest purchase, out of 10). This increased their listed holdings by 11%.

  • CEO and President at Chiron Real Estate Inc. $XRN purchased $287.04K (4th largest purchase, out of 31). This increased their listed holdings by 12%. 1 other insider also purchased the stock in the last 30 days.

  • Director (Forthuber Frederick A.) at Western Midstream Partners, LP $WES purchased $249.91K (first-ever purchase). This increased their listed holdings by 136%.

  • Director (Peres Nechemia Jacob) at Via Transportation, Inc. $VIA purchased $249.37K (2nd largest purchase, out of 2). Rip Buy: the stock was up 39% in the previous month. 1 other insider also purchased the stock in the last 30 days.

  • President & CEO at Six Flags Entertainment Corporation/NEW $FUN purchased $248.26K (first-ever purchase). Dip Buy: the stock was down -15% in the previous week. Part of a 10b5-1 plan.

  • Director (DEVINCENZI ROBERT THOMAS) at UNIVERSAL TECHNICAL INSTITUTE INC $UTI purchased $225.68K (2nd largest purchase, out of 4). Dip Buy: the stock was down -47% in the previous month.

  • Director (NATHAN GILBERT E) at Alto Ingredients, Inc. $ALTO purchased $207.50K (4th largest purchase, out of 38). Dip Buy: the stock was down -25% in the previous month.

  • Executive Chairman at biote Corp. $BTMD purchased $202.20K (8th largest purchase, out of 15). This increased their listed holdings by 122%. Dip Buy: the stock was down -33% in the previous month. Their last purchase was 511 days ago.

  • Chairman and CEO at Matador Resources Co $MTDR purchased $196.40K. 1 other insider also purchased the stock in the last 30 days.

  • Director (De Bondt Karin) at Qnity Electronics, Inc. $Q purchased $138.14K. This increased their listed holdings by 17%. Is part of a dividend reinvestment.

  • Director (Saul Kennedy O) at Avidia Bancorp, Inc. $AVBC purchased $127.73K (largest purchase ever, out of 2). This increased their listed holdings by 142%. Their last purchase was 371 days ago. 1 other insider also purchased the stock in the last 30 days.

  • Director (Hensley Robert Z) at Community Healthcare Trust Inc $CHCT purchased $121.68K (3rd largest purchase, out of 9). Their last purchase was 735 days ago.

  • SVP, Treasury, Tax & CAO at Vistance Networks, Inc. $VISN purchased $107.50K (first-ever purchase).

  • 10% Owner (Argon Holdco LLC) at Corebridge Financial, Inc. $CRBG sold $491.12M (first-ever sale). This decreased their listed holdings by -23%. 1 other insider also sold the stock in the last 30 days.

  • Director (Green LTF Holdings II LP) at Life Time Group Holdings, Inc. $LTH sold $220.94M (largest sale ever, out of 7). This decreased their listed holdings by -47%. Rip Sell: the stock was up 30% in the previous 3 months. 5 other insiders also sold the stock in the last 30 days.

  • Director (Stafman Andrew) at TWILIO INC $TWLO sold $123.54M (4th largest sale, out of 4). This decreased their listed holdings by -78%. Rip Sell: the stock was up 27% in the previous week. 1 other insider also sold the stock in the last 30 days.

  • 10% Owner (ISQ Global Fund II GP LLC) at Kinetik Holdings Inc. $KNTK sold $16.03M (7th largest sale, out of 9). This decreased their listed holdings by -18%. This insider has sold the stock 2 times in the last 30 days.

  • Director (MYERS FRANKLIN) at COMFORT SYSTEMS USA INC $FIX sold $12.69M (3rd largest sale, out of 51). This decreased their listed holdings by -10%. Rip Sell: the stock was up 135% in the previous year.

  • Chief Executive Officer at ALLIENT INC $ALNT sold $7.95M (largest sale ever, out of 17). Rip Sell: the stock was up 25% in the previous month. Their last sale was 2073 days ago.

  • Chief Legal Officer at Blackstone Inc. $BX sold $6.62M (2nd largest sale, out of 27). Rip Sell: the stock was up 20% in the previous month. 2 other insiders also sold the stock in the last 30 days.

  • and more…

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