Director Fribourg Reports a $10 Million Estee Lauder Purchase

The biggest insider move today comes from Paul J. Fribourg, a director at Estee Lauder Companies $EL, who purchased $10,045,534 worth of shares, as reported in a Form 4 filing.

The stock has dropped 82% from its all-time highs and is now trading at its lowest level in a decade.

This significant insider buy signals confidence in the company's potential recovery.

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

In another Form 4, director Alfred W. Zollar revealed a purchase of $203,970 in Nasdaq Inc $NDAQ.

We continue to witness insider activity in solar stocks. Today, we have data from the president and CEO of Enphase Energy $ENPH, who made a purchase of 5,000 shares.

Enphase has fallen 30% in the last two weeks, as solar stocks have collapsed following the election.

With the stock trading at its lowest level in more than four years, we’ll need to see evidence of a bottom before we follow the CEO into this one.