Top insider trades (Tue, Nov 11)

Connor’s Commentary

We found 199 new insider trades:

• Another very bullish day with over 50% of the unscheduled trades being purchases

• Insiders continue to buy Matador Resources (MTDR). It is the most purchased company over the last 3 months and is creeping back up close to the 20d EMA again (which it has failed to break through multiple times)

• The CEO at T-Mobile (TMUS) bought the stock for the first time ever

• The CEO at Lattice Semiconductor bought $1.9M of the stock (largest purchase ever)

• The first insider purchase at TipTree (TIPT) since the Fortegra sale rumors began

• The CEO at RXO may be trying to call the bottom with a $150k purchase after the stock fell 60% in the last year

• A director at First Solar (FSLR) who nailed the top with his sale last May just sold the stock again

• and more…

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

Commentary

Large CEO purchases continue to get short-term pops.

Yesterday, at 9:20am we got an alert that the CEO at PENN Entertainment (PENN) bought nearly $500k of the stock. The stock was just under $15 then and finished the day at $15.60 (+4%).

Then, just 11 minutes later, we got an alert that the CEO at Lattice Semiconductor (LSCC) bought $1.89M. The stock also went up 4%, though it has since given those gains back.

While actually trading these requires acting within a few minutes of the Discord alert, the more notable impact is that CEOs can cause a meaningful price action shift in a stock, which is particularly important for stocks that are getting hammered.

Take a look at Cigna (CI), for example. The stock got crushed after earnings and then put in two more days where it opened lower before the CEO stepped in with a $1M purchase and stopped the bleeding (the big white candle).

If you are an investor who likes buying dips, the obvious risk is catching a falling knife. Typically, if you want to avoid catching the falling knife, you’d wait for the stock to get back above whichever moving average you prefer. However, a CEO stepping in and buying the dip can give you some confidence to take a stab a little earlier.

And, if you get in early enough (by using our Discord notifs), you might even immediately catch a few percent on a pop.

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🔒 Today’s Top Trades

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🔒 Other Trade Notes

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🔒 Data Dump

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