Abdiel Capital Buys More APPN

The most significant insider buy on today's list comes via a 13D filing by Abdiel Capital LP.

This time, the investment firm revealed an additional purchase of 82,500 shares in Appian Corporation $APPN, increasing its ownership stake to 18.60%.

Here’s The Hot Corner, with data from July 24, 2024:

Rep. Michael McCaul of Texas filed a Periodic Transaction Report declaring a purchases in the following stocks:

• Apple Inc $AAPL ($500,000 - $200,000);
• Meta Platforms Inc $META ($50,000 - $100,000);
• Monster Beverage Corporation $MNST ($50,000 - $100,000);
• Workday Inc $WDAY ($50,000 - $100,000);
• Alcoa Corporation $AA ($50,000 - $100,000);
• Vishay Intertechnology Inc $VSH ($50,000 - $100,000);
• Advanced Micro Devices Inc $AMD ($15,000 - $50,000); and
• Aon plc $AON ($15,000 - $50,000).

AAPL is consolidating just above the 261.8% Fibonacci extension from the 2021-2022 decline after an impressive run off the April lows:

The primary trend is undoubtedly higher. However, the stock is at a logical place to take a breath and digest some gains.

Stay tuned. We'll be back on Friday with more insider activity.

And please reach out with any questions. We love hearing from you!