This article summarizes the most significant insider buys and sells for US stocks from Wednesday, November 13, 2024.
Top Insider Buys:
• Oscar Health Inc. (NYSE:OSCR) saw substantial insider buying activity. Joshua Kushner, co-founder and Vice Chairman, acquired 1,055,478 shares of Class A common stock over three consecutive days, from November 11 to 13. The shares were purchased at prices ranging from $13.5779 to $13.7369, totaling approximately $14.4 million. These acquisitions were made through Thrive Capital Partners (WA:CPAP) VII Growth, L.P. and Claremount VII Associates, L.P., entities over which Kushner has voting and investment control.
• Lemonade, Inc. (NYSE:LMND) director Maria Angelidis-Smith purchased 33,554 shares on November 8 and 13, amounting to approximately $1,007,444. The shares were bought at prices ranging from $27.42 to $33.23 per share through the Smith Family Trust, where Angelidis-Smith serves as a co-trustee with voting and dispositive control over the shares.
• Lantronix Inc. (NASDAQ:LTRX) President and CEO Saleel Awsare acquired 80,000 shares of common stock on November 13. The shares were purchased at a weighted average price of $2.662, with individual trades executed at prices ranging from $2.63 to $2.68, totaling approximately $212,960. Following this acquisition, Awsare now directly owns 233,184 shares of Lantronix.
• Centene Corp's (NYSE:NYSE:CNC) Chief Financial Officer, Asher Andrew Lynn, bought 17,200 shares at an average price of $58.14 per share on November 13. The total transaction amounted to approximately $1,000,008. Lynn now holds a total of 486,847.48 shares, including previously granted restricted and performance stock units subject to vesting requirements.
Top Insider Sells:
• Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX) saw a major stock sale by significant shareholder Jeffrey Westphal. On November 11, Westphal sold 2,485,000 shares of Class A common stock at $48.90 per share, totaling approximately $121.5 million. Westphal also converted 2,485,000 shares of Class B common stock into Class A common stock.
• Reddit, Inc. (NASDAQ:RDDT) experienced significant selling activity from Tencent Holdings Ltd (F:NNND) (HKG:0700). From November 11 to 13, Tencent sold shares totaling approximately $197.6 million at prices ranging from $126.35 to $138.5 per share through its subsidiary Tencent Cloud Europe B.V.
• APi Group Corp (NYSE:APG) director Ian G.H. Ashken sold 146,132 shares over November 11 and 12, totaling approximately $5.38 million. The shares were sold at prices ranging from $36.70 to $37.05 per share as part of a Rule 10b5-1 trading plan.
• Lithia Motors Inc (NYSE:NYSE:LAD) CEO Bryan DeBoer sold 15,846 shares on November 11 at prices ranging from $385.7253 to $387.0 per share, amounting to approximately $6.1 million.
• Coupang, Inc. (NYSE:CPNG) CEO and Chairman Kim Bom sold 15 million shares of Class A common stock at $22.97 each, totaling approximately $344.55 million. This sale was part of a pre-arranged trading plan adopted on August 12, 2024.
Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While these transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market information when evaluating potential investment opportunities.
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