The most significant insider buy on today’s list comes via a Form 4 filing by Blue Star Exploration Corp, which purchased $21 million worth of Comstock Resources $CRK.

Control Empresarial de Capitales S.A. continues to buy shares of PBF Energy Inc $PBF and Talos Energy Inc $TALO.

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

The most significant insider buy on today’s list comes via three Form 4 filings by the CEO and president, the CFO, and a director of MGM Resorts International $MGM.

The chief financial officer of Royal Caribbean Cruises Ltd $RCL, Naftali Holtz, disclosed an acquisition of 5,350 shares, equivalent to $749,000.

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

The most significant insider buy on today’s list comes via Form 4 filings by Control Empresarial de Capitales S.A. de C.V.

The Mexico-based investment company disclosed a $13 million acquisition in PBF Energy Inc $PBF and a $10 million purchase in Talos Energy Inc $TALO.

Fredrik Wilhelm Mohn filed a Form 4 reporting a $10.4 million purchase in Transocean $RIG through Perestroika Ltd, a Norwegian investment firm with interests in oil and gas, shipping, and other sectors.

Here’s The Hot Corner, with data from August 5, 2024:

The most significant insider buy on today’s list comes via a Form 4 filing by CEO Kevin P. Riley of First Interstate BancSystem $FIBK.

Riley reported a purchase of $347,718 in his own company’s stock.

Here’s The Hot Corner, with data from August 2, 2024:

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Welcome to the Hot Corner Insider Weekly Report!

As you know, we spend a lot of time tracking insider activity to come up with this universe.

But that’s only half the battle!

Once we identify the names insiders are targeting, we overlay our expert technical analysis to see if the market agrees with their actions.

While we track some of the most powerful and well-informed market participants… we aren’t just going to follow them blindly into their trades.

We want to see that the insider activity is confirmed by the trend before we get involved. 

When we can check both boxes, we identify asymmetric risk/reward setups and then jump in and ride these trends higher alongside the smart money.

The most significant insider buy on today’s list comes via a Form 4 filing by Control Empresarial de Capitales S.A. de C.V.

The Mexico-based investment company reported purchases totaling $2.8 million in Talos Energy Inc $TALO.

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

The most significant insider buy on today's list comes via a Form 4 filing by Hanwha Impact Global Corp.

The company reported a purchase of $87 million in NextDecade Corporation $NEXT.

Here’s The Hot Corner, with data from July 31, 2024:

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

The private equity firm revealed an additional purchase of $3,278,206 in Lions Gate Entertainment Corp $LGF.

The CEO of MaxLinear Inc $MXL, Kishore Seendripu, bought 108,303 shares, equivalent to $1.4 million of his own company’s stock.

Here’s The Hot Corner, with data from July 30, 2024:

The most significant insider buy on today's list comes via a Form 4 filing by the executive vice president and CFO of General Motors Company $GM, Paul Jacobson.

Jacobson reported the acquisition of 25,000 GM shares, equivalent to $1.1 million.

Two directors of Lamb Weston Holdings Inc $LW, William Jurgensen and Robert Niblock, filed Form 4s revealing purchases for a total amount of $831,766.

Here’s The Hot Corner, with data from July 29, 2024:

The most significant insider buy on today's list comes via a Form 4 filing by Abdiel Capital LP. The investment firm continues to build a position in Appian Corporation $APPN.

This time, Abdiel revealed a purchase of roughly $4.3 million, increasing its ownership stake to approximately 18.50%.

Here’s The Hot Corner, with data from July 26, 2024:

Sector rotation is the lifeblood of any bull market, and we don’t expect things to be any different this time around.

After a prolonged period without progress, small caps are back in the driver's seat. The Russell 2000 just capped off a bearish-to-bullish trend reversal with a decisive resolution.

At the same time, the profit-taking in mega-cap growth stocks has been non-stop these past two weeks.

The chart below shows the Russell 2000 printing its best 5-day streak of outperformance relative to the Technology Sector… in history:

The most significant insider buy on today's list comes via a Form 4 filing by the chairman and CEO of Truist Financial Corporation $TFC, William H. Rogers Jr.

Rogers reported a purchase of 57,300 TFC shares, equivalent to $2.5 million.

Liberty 77 Capital L.P bought 149,682 shares of Lions Gate Entertainment Corp $LGF.

Here’s The Hot Corner, with data from July 25, 2024: