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Hot Corner Insider Buys

Displaying 1 - 12 of 315

Hot Corner Insider

Carl Icahn Adds to His UAN Stake

November 22, 2024

The most significant insider transaction today is a Form 4 filing by Carl Icahn.

Icahn added 19,174 shares of CVR Partners $UAN, marking an additional investment of $1.3 million. He now owns around $4 million in shares, representing a 37.74% ownership stake in the company.

When heavyweights like Icahn step up, it's always worth paying attention.

Carl Icahn is one of the most successful and influential investors of all time, known for pioneering activist investing.

Notable wins include $2 billion from Netflix, shareholder reforms at Apple, and profits from Texaco and TWA.

Here’s The Hot Corner, with data from November 21, 2024:

Hot Corner Insider

Solar Stocks Are Lighting Up the Hot Corner

November 20, 2024

Solar stocks are lighting up our Hot Corner universe again.

This time, Form 4 purchases are stealing the spotlight:

  • Sunnova Energy International $NOVA director Mohamed Akbar just dropped $389,728 on his own stock.
  • Array Technologies’ $ARRY CEO stepped up too, buying 14,430 shares.

When these executives start putting their skin in the game, and it comes in clusters, it's worth taking notice.

Even though solar stocks have been among the most hated in the entire market, they might be close to a turning point…

Here’s ARRY consolidating at a shelf of former lows:

Hot Corner Insider

Director Fribourg Reports a $10 Million Estee Lauder Purchase

November 18, 2024

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:

Hot Corner Insider

Charlie Ergen Buys 1.5 Million SATS Shares for $43.5 Million

November 15, 2024

The biggest insider move on today's list comes from a Form 4 filing by Charlie Ergen, co-founder and chairman of EchoStar Corporation $SATS.

Ergen made a power move, buying 1,551,355 SATS shares, for a value of $43.5 million.

This purchase not only is a vote of confidence—it’s the kind of buy an insider makes for only one reason. They believe the stock price will rise considerably from here. 

Here’s The Hot Corner, with data from November 14, 2024:

Hot Corner Insider

Director More Makes a Big SolarEdge Bet

November 14, 2024

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:

Hot Corner Insider

Greenoaks Capital Reports a $54 Million CPNG Purchase

November 13, 2024

In a significant move, Greenoaks Capital just revealed a $54 million purchase of Coupang $CPNG shares in a Form 4 filing.

The investment firm is known for its focus on high-growth tech companies, having previously backed game-changers like Discord and Stripe.

With this purchase, Greenoaks is betting big that Coupang is positioned for further upside.

We mentioned CPNG in our Screamin' Hot Report back in August, when the stock was resolving higher from a bottoming formation.

Hot Corner Insider

APMH Invest Reveals a $46 Million NE Purchase

November 11, 2024

The most notable insider transactions in our list is from APMH Invest, which disclosed a $46 million purchase in Noble Corporation $NE via a Form 4 filing. 

This acquisition increased APMH Invest’s stake in Noble to 18.92%, reflecting a strong vote of confidence in the company.

APMH Invest, part of A.P. Møller Holding, is known for its strategic, long-term investments in sectors like energy and logistics, prioritizing stability and sustainability.

When these big players come in, it's always worth keeping an eye on the stock.

Here’s The Hot Corner, with data from November 11, 2024:

Hot Corner Insider

Turtle Creek Reports a $10 Million JELD Purchase

November 8, 2024

Turtle Creek Asset Management has disclosed a bold insider move in a fresh Form 4 filing. 

The hedge fund invested $10.3 million in JELD-WEN Holding $JELD, which now represents 4.8% of its $3.88 billion portfolio. 

Turtle Creek’s other top holdings include Berry Global $BERY, Middleby Corp $MIDD, and CarMax $KMX. 

Wellington Management Group filed a 13G for The AZEK Company Inc $AZEK, disclosing an increase in ownership from 9.30% to 10.31%.

As one of the world’s largest asset managers, Wellington’s increased stake indicates a positive outlook on AZEK’s market position.

Here’s The Hot Corner, with data from November 7, 2024:

Hot Corner Insider

CEOs of HTLD, CCO, and INTC Are Buying Their Own Stock

November 7, 2024

In a notable display of confidence, the CEOs of Heartland Express $HTLD, Clear Channel Outdoor Holdings $CCO, and Intel Corporation $INTC each stepped up with fresh buys of their own stock, according to recent Form 4 filings.

When top executives reach into their own wallets, it’s often a signal they’re betting on one specific thing: They believe the stock is undervalued and primed to move higher.

Here’s The Hot Corner, with data from November 6, 2024:

Hot Corner Insider

Jennison Associates Reports a 10.4% PHAT Stake

November 5, 2024

The most significant insider transaction of the day was disclosed in a 13G by Jennison Associates LLC. The investment company reported an initial 10.40% stake in Phathom Pharmaceuticals $PHAT.

Jennison manages approximately $194 billion in assets across diverse portfolios.

They invest in high-growth areas like biotechnology. And when they make a big splash like this, it’s worth paying attention to.

As you can see, PHAT is resolving higher from a bearish-to-bullish reversal pattern:

Hot Corner Insider

Carlos Slim's Control Empresarial Ups Its PB Energy Bet

November 4, 2024

Today’s largest insider activity comes from none other than Control Empresarial de Capitales SA, betting strongly on PB Energy Inc $PBF with a hefty $17 million purchase, according to its latest Form 4 filing.

This marks Control Empresarial’s fifth buy in the past month, suggesting a powerful vote of confidence from Mexican billionaire Carlos Slim’s investment firm.

With this latest addition, Control Empresarial’s ownership stake jumps from 21.5% to 22.5%, underscoring its commitment to the energy sector.

Here’s The Hot Corner, with data from November 1, 2024: