CEO Riley Reports a Significant FIBK Purchase

The most significant insider buy on today’s list comes via a Form 4 filing by CEO Kevin P. Riley of First Interstate BancSystem $FIBK.

Riley reported a purchase of $347,718 in his own company’s stock.

Here’s The Hot Corner, with data from August 2, 2024:

Director Robert Stallings revealed the acquisition of 14,000 shares of Texas Capital Bancshares $TCBI.

This is Stallings' fourth filing in the last two weeks, his purchases during this time frame totaling $1,058,085.

In another Form 4, David L Gruber, director of LTC Properties Inc $LTC, revealed a purchase of $214,520.

After falling more than 60% since its all-time highs in 2021, FIBK made a tradable low and built a bearish to bullish reversal.

However, price failed to reclaim the upper end of this range near 32.50:

If FIBK is below 32.50, it's difficult to say anything positive about this chart.

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

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