Top insider trades (Wed, Nov 26)

Connor’s Commentary

Note: the SEC is closed on Thanksgiving, so there will be no email tomorrow.

There were 304 new insider trades filed, and while today put an end to our run of 6 days in a row where over 50% of the unscheduled trades were buys, it was still at 40% (well above the 10y median of 33%).

• Perestroika bought $6M of Transocean (RIG). They also bought at the beginning of October.

• The CEO at Carrier Global (CARR) bought the stock for the first time ever after its 30% dip in the last year

• The CEO at Hershey (HSY) bought the stock for the first time ever

• A bunch of directors at Bath & Body Works (BBWI) are buying the post-earnings dip

• The Exec Chairman at OneWater Marine (ONEW) bought $500k (2nd largest purchase, out of 27). The stock is down 30% in the last month after poor earnings.

• The CEO at Comfort Systems (FIX) sells $6.8M (3rd largest sale, out of 25). The stock is up 100% in the last 6 months

• The CEO at Parr Pacific (PARR) sold $4.3M (largest sale ever, decreased listed holdings by 19%). The stock is up 152% in the last year.

• The EVP of Commercial at Exelixis (EXEL) sold $3M (2nd largest sale, out of 53). This decreased their listed holdings by 16%.

• CFO at Medpace Holdings (MEDP) sold $1.77M which decreased their listed holdings by 34%. The stock is up 100% in the last 6 months.

• and much more…

I go into more depth on these companies in the CEO Watcher Premium sections below.

Commentary

How can you find a stock before it jumps 100% in 1 month?

Well, one way appears to be to find a CEO buying a biotech stock that is way down. On October 22nd, I shared the note below on MBX Biosciences. (TL;DR - the stock popped 100% on positive trial results, it then fell 40%, and the CEO bought $272k).

The stock is now up 100%+ just one month later.

We also saw a similar outcome at Cassava Sciences (SAVA) not too long ago. In this case, the stock fell 90% in November 2024 after disappointing results on their phase 3 trials.

Then, in September, the CEO bought $500k+ of the stock at ~$2.32, and it went up 100% in the next two weeks.

It has since given back most of those gains, and the CEO is buying again.

I’ve mentioned before that large CEO purchases have been causing pops in stocks recently (which is why we added a channel in the Discord for real-time CEO trade alerts).

And, of course, the research I’ve shared over the last few days shows that insider dip buys outperform significantly (which we also track in the CEO Watcher Premium Dashboard).

Well, it looks like combining those two things may work quite well, too.

keep scrolling. more data below

🔒 Trade Notes

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🔒 Data Dump

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