Liberty 77 Reports a $5.4 Million LGF Purchase

The most significant insider activity on today's list comes via a Form 4 filing by Liberty 77 Fund.

This time, the private equity fund reported an additional purchase of $5.4 million in Lions Gate Entertainment Corp $LGF.

Chairman and CEO Matt Murphy revealed the acquisition of 13,000 shares of Marvell Technology $MRVL.

While there can be many reasons for an insider to sell shares, there's typically only one reason they buy — they believe the stock is going up.

And if the CEO is buying now, at these levels, it signals strong conviction in the company’s prospects.

Here’s The Hot Corner, with data from October 15, 2024:

Boxer Capital LLC filed a 13D for Tyra Biosciences Inc $TYRA revealing an increase in ownership from 12.20% to 12.40%.

Biotechnology companies are now a common presence on our radar, as investor interest in this group continues to surge.