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Monday's Insider Moves: Top Execs Buy and Sell Millions in Stocks

EditorFrank DeMatteo
Published 12/10/2024, 09:00 AM
© Reuters.

This article summarizes the most significant insider buying and selling activities reported on Monday for US stocks.

Top Insider Buys:

Biglari Holdings Inc. (NYSE:BH): Sardar Biglari, Chairman and CEO of Biglari Holdings Inc., acquired Class B common stock valued at approximately $495,094 through The Lion Fund, L.P. The shares were purchased at a weighted average price of $228.47 per share, with transaction prices ranging from $225.00 to $230.00. This acquisition comes as the stock trades near its 52-week high of $236.50, having delivered a 50% return over the past year. Following this transaction, The Lion Fund now holds 1,318,923 shares of Class B common stock.

Anterix Inc. (NASDAQ:ATEX): Mark Fleischhauer, a director at Anterix Inc., acquired 3,500 shares of the company's common stock, valued at approximately $119,664. The shares were purchased at $34.19 each. Additionally, Fleischhauer received 5,002 shares as a restricted stock award, which vests in full by December 5, 2025, or at the next annual stockholder meeting. Following these transactions, Fleischhauer's total direct ownership stands at 8,502 shares. Anterix, currently valued at $633 million, maintains a strong balance sheet with more cash than debt and a healthy current ratio of 3.59.

High Roller Technologies, Inc. (NASDAQ:ROLR): Matthew Evan Teinert, Chief Financial Officer of High Roller Technologies, Inc., acquired a total of 2,000 shares in two separate transactions. On December 6, he purchased 1,000 shares at $5.88 each, followed by another 1,000 shares at $6.79 per share on December 9. The total value of these transactions amounts to $12,670. These acquisitions bring Teinert's total holdings to 7,000 shares. The stock has gained an impressive 19% in the past week.

High Roller Technologies, Inc. (NASDAQ:ROLR): Benjamin Michael Clemes, Chief Executive Officer of High Roller Technologies, Inc., purchased a total of 4,000 shares of common stock over two transactions. The purchases took place on December 6 and December 9, at prices ranging from $6.16 to $6.80 per share, amounting to a total investment of $25,920. Following these transactions, Clemes now holds a total of 65,353 shares in the company.

Top Insider Sells:

Dell Technologies Inc. (NYSE:NYSE:DELL): Silver Lake, a significant investor in Dell Technologies Inc., executed a series of stock transactions involving the company's Class C Common Stock. The sales totaled approximately $148.3 million, with transaction prices ranging from $123.0 to $124.49 per share. The transactions involved multiple entities under Silver Lake's management, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., among others.

Meta Platforms Inc. (NASDAQ:META): Mark Zuckerberg, CEO and Chairman of Meta Platforms Inc., sold 10,467 shares of Class A Common Stock on December 6, 2024. The transaction, executed by the Chan Zuckerberg Initiative Foundation under a pre-arranged trading plan, amounted to approximately $8.07 million. The shares were sold at prices ranging from $610.295 to $629.3529 per share.

Meta Platforms Inc. (NASDAQ:META): In another transaction, Mark Zuckerberg sold a total of 22,946 shares through CZI Holdings, LLC, amounting to approximately $14.3 million. The shares were sold at prices ranging from $609.84 to $628.89 per share. Following these sales, Zuckerberg's indirect holdings through CZI Holdings, LLC, were reduced to zero shares.

Meta Platforms, Inc. (NASDAQ:META): Mark Zuckerberg executed additional sales of Meta stock. He sold a total of 22,892 shares through CZI Holdings, LLC, generating approximately $14 million. The shares were sold at prices ranging from $607.87 to $619.23 per share. Additionally, the Chan Zuckerberg Initiative Foundation sold 15,579 shares, amounting to about $7.9 million.

Wayfair Inc . (NYSE:NYSE:W): Steven Conine, co-founder and director of Wayfair Inc., sold a total of 29,000 shares of Wayfair's Class A common stock. The sales were executed at prices ranging from $52.49 to $54.12 per share, amounting to approximately $1.59 million. Following these transactions, Conine holds 632,573 shares directly and has indirect ownership of 22,857 shares through SK Ventures LLC.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer clues about management's confidence in the company's future performance. However, it's essential to consider these moves in the context of broader market trends, company fundamentals, and individual investment goals.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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