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 Liberty 77 Fund L.P.

The private equity firm reported a purchase of 1,129,609 shares of Lions Gate Entertainment $LGF.A, equivalent to roughly $10 million.

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

Mario Gabelli and GAMCO Investors are back on our list.

GAMCO and Gabelli’s other funds filed a 13D revealing an increase in ownership from 7.25% to 8.74% in Astec Industries $ASTE.

Here’s The Hot Corner, with data through July 10, 2024:

The most significant insider buy on today's list comes via a 13G filing by Artisan Partners Limited Partnership.

The investment management firm revealed an increase in its ownership stake in Twist Bioscience Corporation $TWST from 6.40% to 10.40%.

Here’s The Hot Corner, with data through July 9, 2024:

The most significant insider buy on today's list comes via a 13G filing by Philippe Laffont’s Coatue Management L.L.C.

The investment firm revealed an initial stake of 9.20% in bitcoin miner Hut 8 Mining Corp $HUT.

RA Capital Management LP also reported an original stake of 5.90% in Recursion Pharmaceuticals Inc $RXRX in a 13G filing..

Here’s The Hot Corner, with data through July 8, 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. 

The most significant insider buy on today's list comes via a Form 4 filing by AP Moller Holdings.

The Danish investment company reported the acquisition of 300,000 shares of Noble Corporation $NE, equivalent to $13.2 million.

Durable Capital Partners LP filed a 13G for Doximity Inc $DOCS revealing an initial stake of 5.10%.

Here’s The Hot Corner, with data through July 5, 2024:

The most significant insider buy on today's list comes via a Form 4 filing by Stellantis N.V.

The multinational automaker revealed another purchase of Archer Aviation Inc $ACHR shares, this one to the tune of $55 million.

Mubadala Investment Company filed a 13G for Aris Mining Corp $ARMN revealing an initial stake of 9.30%.

Here’s The Hot Corner, with data through July 3, 2024:

The most significant insider buy on today's list comes via a 13G filing by Point72 Asset Management.

The hedge fund revealed an initial stake of 5.00% in Lumentum Holdings Inc $LITE.

Here’s The Hot Corner, with data through July 2, 2024:

The most significant insider buy on today's list comes via a 13G filing by Keith Gill, also known by his online aliases "Roaring Kitty" and "DeepFuckingValue."

Gill bought 9,001,000 shares of Chewy Inc $CHWY, which represents an initial passive ownership stake of 6.6%.

Here’s The Hot Corner, with data through July 1, 2024: