The most significant insider buy on today’s list comes via a Form 4 filing by Greenoaks Capital Partners LLC.

The investment firm reported an additional purchase of $6.8 million in Coupang Inc $CPNG.

RTW Investments LP filed a 13D for Avidity Biosciences $RNA revealing an increase in ownership from 7.45% to 9.99%.

Here’s The Hot Corner, with data from August 23, 2024:

The most significant insider buy on today’s list comes via a Form 4 filing by Jerry Jones, owner of the Dallas Cowboys.

Jones purchased an additional $34 million in Comstock Resources $CRK.

Baker Bros Advisors LP filed a 13D for Kymera Therapeutics $KYMR reporting an increase in its ownership stake from 9.28% to 9.30%.

Here’s The Hot Corner, with data from August 22, 2024:

The most significant insider buy on today's list comes via a Form 4 filing by Abdiel Capital LP. 

The investment firm revealed a purchase of roughly $2 million in Appian Corporation $APPN.

Director John Bilbrey bought $376,161 worth in Olaplex Holdings $OLPX.

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

In another Form 4, the president and CEO of Kratos Defense & Security Solutions Inc $KTOS reported an acquisition of 11,980 KTOS shares.

Over in Washington, Rep. Scott Franklin of Florida filed a Periodic Transaction Report declaring purchases in the following stocks:

• Accenture plc $ACN;
• Air Products and Chemicals Inc $APD;
• Amgen Inc $AMGN;
• General Dynamics Corporation $GD;
• Johnson & Johnson $JNJ; and
• Starbucks Corporation $SBUX.

Earlier this...

The most significant insider buy on today’s list comes via a Form 4 filing by Sarepta Therapeutics Inc $SRPT director Michael Andrew Chambers.

Chambers revealed a purchase of SRPT shares with a total value of $4.9 million.

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

In another Form 4, director Mark A. Alexander reported the acquisition of 2,000 shares of W. P. Carey Inc $WPC, equivalent to $114,059.

Last but not least, Rep. Kathy Manning of North Carolina filed a Periodic Transaction Report declaring purchases in Garmin Ltd $GRMN and Microsoft Corporation $MSFT.

GRMN has been carving out a base since 2021. Price is pressing against the range's upper bounds as buyers absorb all the overhead supply at this resistance zone:

The line in the sand lies at the 179 level. A breakout above that zone could push prices to a fresh leg to the upside.

The most significant insider buy on today’s list comes via a Form 4 filing by ProFrac Holding Corp $ACDC director Dan H. Wilks.

Wilks revealed a purchase of 149,871 ACDC shares, equivalent to $972,464.

Beryl Capital Management filed a 13G for Core Scientific Inc $CORZ revealing an initial stake of 6.00%.

Here’s The Hot Corner, with data from August 19, 2024:

In another Form 4, co-founder Martin J. Vanderploeg reported a $315,640 purchase in Workiva Inc $WK.

CORZ came public in January and has since doubled.

However, price attempted to complete a topping pattern, violating a critical level of interest at the 161.8% extension.

Still, buyers quickly repaired the damage, pushing the stock back above the neckline and trapping the bears.

As long as we’re above 8.30, the path of least resistance is...

The most significant insider buy on today’s list comes via a Form 4 filing by the owner of the Dallas Cowboys, Jerry Jones.

Jones purchased an additional $36 million in Comstock Resources $CRK.

EcoR1 Capital just announced an acquisition of 273,972 shares of AnaptysBio Inc $ANAB, equivalent to $10 million.

Here’s The Hot Corner, with data from August 16, 2024:

In another Form 4, Abdiel Capital LP revealed a purchase of $25,084,824 in Appian Corporation $APPN.

ANAB is in the process of completing a multi-year reversal pattern.

Price is pressing against the upper bounds of the base as buyers absorb the overhead supply at this resistance zone.

If and when we get a decisive breakout above 38, the path of least...

The most significant insider buy on today’s list comes via a Form 4 filing by the Executive Vice President and President, Retail of NCR Voyix Corp $VYX Eric Schoch.

Schoch revealed an acquisition of 21,692 shares, equivalent to $264,425.

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

The CEO and the CTO of Yum China Holdings Inc $YUMC both filed Form 4s for a total amount purchase of $262,538.

Last month, YUMC experienced a nasty whipsaw, making multi-year lows.

It quickly recovered, resulting in a major breakdown at a key support level.

If we're above those 2018 lows, a big counter-trend rally could just be getting started for YUMC. 

Have a great weekend. We'll be back on Monday with more insider activity.

And please...

The most significant insider buy on today’s list comes via a Form 4 filing by MFN Partners LP.

The hedge fund reported an acquisition of 10,266,810 shares of RXO Inc $RXO, equivalent to $207 million.

Abdiel Capital LP revealed an additional $12.8 million purchase in Appian Corporation $APPN.

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

Mario Gabelli’s GAMCO Investors is back on our list, this time filing a 13D for Dril-Quip Inc $DRQ showing a 0.20% increase in its ownership stake.

The president and CEO of Customers Bancorp Inc $CUBI revealed a purchase of $113,832.

Over in Washington, Rep. Jonathan Jackson of Illinois revealed purchases worth between $15,000 and $50,000 in Coupang Inc $CPNG and The AES Corporation $AES.

And director David R. Ebsworth revealed an acquisition of 36,000 shares in Verona Pharma plc $VRNA.

The most significant insider transactions on today's list are from Energy Transfer LP $ET co-founder Kelcy Warren and co-CEO Thomas Long.

Together, these insiders bought $47.35 million worth of ET shares, as per Form 4 filings.

Liberty 77 Fund L.P. revealed an acquisition of 2,054,228 shares of Lions Gate Entertainment Corp $LGF, equivalent to $17,185,962.

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

The CEOs of Elanco Animal Health Incorporated $ELAN, Lyft Inc $LYFT, and MRC Global Inc $MRC filed Form 4s disclosing purchases of their own company’s stock.

The executive chairman of The GEO Group Inc $GEO reported a $3 million purchase in a Form 4.

Director Thomas C. Erb revealed a purchase of 2,000 shares of the cereal maker in a Form 4.

POST is in a structural uptrend, as the stock has been stair-stepping higher ever since it...

The most significant insider buy on today’s list comes via a Form 4 filing by Jerry Jones, the owner, president, and general manager of Dallas Cowboys.

Jones made an additional purchase of $25 million in Comstock Resources $CRK.

Cathie Wood’s infamous ARK Investment Management filed an initial 13G for 10x Genomics Inc $TXG revealing a 10.75% stake.

Here’s The Hot Corner, with data from August 12, 2024:

In another Form 4, Greenoaks Capital Partners LLC revealed a $21 million purchase in the South Korean e-commerce company Coupang Inc $CPNG.

MFN Partners revealed an initial stake of 6.30% in CNX Resources Corporation $CNX.

CPNG is on the verge of completing a primary trend reversal, as price reclaimed a critical level of interest:

Today's most significant insider transaction was disclosed in a Form 4 filing by ZoomInfo Technologies $ZI CEO Henry Schuck.

Schuck reported an acquisition of 1,500,000 shares, equivalent to $12.7 million.

PointState Capital filed a 13G for WESCO International $WCC revealing an initial stake of 5.00%.

Here’s The Hot Corner, with data from August 9, 2024:

In another Form 4, Stellantis NV revealed a purchase of $9,989,998 in Archer Aviation Inc $ACHR.

Control Empresarial de Capitales S.A. continues to build a position in Talos Energy Inc $TALO and PBF Energy Inc $PBF.

In Washington, Rep. Ro Khanna of California disclosed purchases of between $15,000 and $50,000 in the following stocks:

• Apple Inc $AAPL;
...

Today’s most significant insider transaction comes in a Form 4 filing by Block $SQ director Roelof Botha.

Botha reported a $25 million purchase of SQ shares.

Artisan Partners Limited Partnership filed a 13G for Smith Douglas Homes Corp $SDHC revealing an initial stake of 10.50%.

Here’s The Hot Corner, with data from August 8, 2024:

In another Form 4, the chief operating officer of MP Materials Corp $MP, Michael Stuart Rosenthal, revealed an acquisition of 30,000 shares.

There was also insider activity in O-I Glass $OI, AGCO Corporation $AGCO, and Byline Bancorp Inc $BY.

SQ has been working on a reversal basing pattern since 2022.

Accumulation patterns like this tend to take time, as the trend gradually shifts from down to sideways to higher.

While the bulls have work to do, we prefer to wait...