This article summarizes the most significant insider buying and selling activities reported for US stocks on Friday.
Top Buys:
JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE:JELD) saw substantial insider buying from Turtle Creek Asset Management Inc., a ten percent owner. The investment firm purchased a total of $3.06 million worth of shares over several days, with prices ranging from $7.6541 to $7.9049. On January 7, Turtle Creek acquired 125,000 shares through various managed funds, including the Turtle Creek Equity Fund and the Turtle Creek Investment Fund.
Zymeworks Inc . (NASDAQ:ZYME) experienced significant insider buying from EcoR1 Capital, LLC. The investment firm reported purchasing 225,119 shares on January 8 and 10, with a total value of approximately $2.97 million. The shares were acquired at prices between $13.126 and $14.073 per share, bringing EcoR1's total holdings to 15,411,078 shares.
CVR Energy Inc . (NYSE:NYSE:CVI) saw a major insider purchase by Carl C. Icahn. On January 8, Icahn acquired 878,212 shares at $18.25 each, totaling approximately $16 million. This transaction was part of a tender offer initiated by Icahn Enterprises (NASDAQ:IEP) Holdings and its subsidiaries, increasing Icahn's indirect ownership to 67,570,593 shares.
ASA Gold & Precious Metals Ltd (NYSE:ASA) reported insider buying from its Chief Operating Officer, Merk Alexander. Alexander purchased a total of 28,860 shares over two transactions on January 8 and 10, at prices ranging from $21.66 to $22.09 per share, for a total investment of approximately $634,719.
Top Sells:
DraftKings Inc. (NASDAQ:DKNG) saw significant insider selling from Paul Liberman, the President of Global Technology and Product. Liberman sold 200,000 shares of Class A Common Stock at $39 each, generating $7.8 million. The transaction was conducted under a pre-arranged trading plan established on March 5, 2024.
Revolve Group , Inc. (NYSE:NYSE:RVLV) reported multiple insider sales. MMMK Development, Inc., a significant shareholder, sold shares worth approximately $5.86 million over several days in January. Additionally, Co-CEOs Michael Mente and Michael Karanikolas each sold substantial amounts of shares, with Mente's sales totaling around $5.86 million and Karanikolas' sales also amounting to approximately $5.86 million.
fuboTV Inc. (NYSE:FUBO) saw insider selling from CEO David Gandler. On January 7, Gandler sold 1,649,442 shares at a weighted average price of $5.528 per share, resulting in a total transaction value of approximately $9.1 million.
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 additional context when combined with other financial analysis and market research. It's important to consider the overall picture, including company performance, industry trends, and broader market conditions, when interpreting insider trading patterns.
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