Director More Makes a Big SolarEdge Bet

SolarEdge Technologies $SEDG director Avery More has made waves with a bold $2.1 million insider purchase of 156,000 shares.

Despite the solar industry becoming the market's "ugly duckling," More is stepping in at a key support level for SEDG. 

This area marks where prices bottomed out in 2016, sparking a historic rally:

With SEDG back at the scene of the crime, if there's a logical level for it to stop falling, we believe this is it.

That doesn't mean we’re going to get involved right here, right now, though.

Rather, we prefer to wait for a tradeable low and have enough conviction the trend is shifting higher.

Here’s The Hot Corner, with data from November 13, 2024:

Maria Angelidis-Smith, a director at Lemonade $LMND, bought 33,554 shares, equivalent to $1,007,444.

LMND has a 30% short interest and 10x days to cover ratio. The stock is in the process of completing a textbook bearish-to-bullish reversal:

Price is piercing through a critical level of resistance around 31.50. If this level holds, we think it could rip higher and spark a massive short squeeze.

In another Form 4, director Alfred W. Zollar revealed a purchase of $197,138 in International Business Machines Corp $IBM.

After breaking out of a massive base in September, price is now pulling back to the breakout level...