Top insider trades (Wed, Nov 13)

Connor’s Commentary

We had a massive day of insider trades yesterday due to the SEC being closed the day before. There were 369 new insider trades. It was a slightly less bullish day than the typical day we’ve had to start November, but still well above the median, with 39% of the unscheduled trades being purchases.

• Three insiders bought over $1.6M of Amcor (AMCR)

• A director at Resideo Technologies (REZI) bought $250k of the stock after its 27% dip after earnings

• Sweetgreen stock has been a disaster (down 85% in the last year), but the CEO finally stepped in and bought $1M

• A director at Molson Coors (TAP) bought $350k of the stock. David Coors also bought $100k a few days ago

• Insiders continue buying Avidia Bancorp (AVBC) after their IPO

• The SVP of Human Resources at Danaher (DHR) sold $1M of the stock

• and much more…

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

Commentary

Yesterday, we discussed how CEOs hinting at a good upcoming earnings report is my favorite type of trade. Well, we found another CEO who appears confident about their upcoming earnings report next week. I talk more about it in the Today’s Top Trades section below.

I’ve been working on a Google Sheets dashboard for CEO Watcher Premium members that will show all of the cool charts/data we track in one place, and allow us to track things like the Moving Averages for stocks on our High Signal list.

One data point I just started tracking is the companies where execs and directors have sold the largest percentage of the company in unscheduled sales in the last 3 months.

As you can see below, nine companies have had insiders sell over 1% of the entire company in the last three months, and eight of those companies are down since the last sale was made (with average returns of almost -10%). Mercury Systems (MRCY) is the newest addition to the list, so we’ll see what happens to them over the next few months.

It turns out that insiders selling massive chunks of the company is not a good thing. Who knew?

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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