CFO Jacobson Buys 25,000 GM Shares

The most significant insider buy on today's list comes via a Form 4 filing by the executive vice president and CFO of General Motors Company $GM, Paul Jacobson.

Jacobson reported the acquisition of 25,000 GM shares, equivalent to $1.1 million.

Two directors of Lamb Weston Holdings Inc $LW, William Jurgensen and Robert Niblock, filed Form 4s revealing purchases for a total amount of $831,766.

Here’s The Hot Corner, with data from July 29, 2024:

Durable Capital Partners LP filed a 13G for RH $RHrevealing an initial stake of 5.20%.

In another Form 4, the president and CEO of Kaiser Aluminum Corporation $KALU revealed a purchase of $199,871.

In March, the stock broke out, completing a bearish-to-bullish reversal.

Fast-forward to today, and GM is pulling back to the breakout level:

As long as price is above 42, the breakout remains intact and the bias is to the upside.

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

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