This is the video recording of the September 15, 2023, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza

This is the video recording of the September 15, 2023, Hot Corner Insider Weekly Strategy Session.

Click below to watch:

From the Desk of Steve Strazza

The largest insider buy on today’s list comes in a Form 4 filing by Biotechnology Value Fund LP.

The hedge fund revealed a purchase of roughly $14.8 million in Olema Pharmaceuticals $OLMA.

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

With the stock market trading sideways for the past two months, we're still finding pockets of strength and individual names that offer favorable risk-reward opportunities.

While we do want to be more selective through this corrective phase, we also don't want to miss anything. The bull market is still alive and well. This kind of sector rotation and digestion of gains is nothing out of the ordinary. While it plays its course, we want to continue to bet on leaders.

Let's dive in and check out some of our favorite setups from our Hot Corner universe this week.

From the Desk of Steve Strazza

With the stock market trading sideways for the past two months, we’re still finding pockets of strength and individual names that offer favorable risk-reward opportunities.

While we do want to be more selective through this corrective phase, we also don’t want to miss anything. The bull market is still alive and well. This kind of sector rotation and digestion of gains is nothing out of the ordinary. While it plays its course, we want to continue to bet on leaders.

Let’s dive in and check out some of our favorite setups from our Hot Corner universe this week.

From the Desk of Steve Strazza

The largest insider buy on today’s list comes in a Form 4 filing by Ares Management LLC.

The hedge fund reported a purchase of roughly $2.1 million in Frontier Communications Parent $FYBR.

From the Desk of Steve Strazza

The largest insider buy on today’s list comes in a Form 4 filing by Carl Icahn.

Icahn revealed a purchase of $7.8 million in Southwest Gas Holdings $SWX.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Coliseum Capital Management LLC.

The hedge fund reported a purchase of ModivCare Inc $MODV shares with a total value of $6.4 million.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Low Check Kian, director of Broadcom Inc $AVGO.

Kian reported a purchase of 11,000 AVGO shares, equivalent to roughly $9.5 million.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Broadwood Capital.

The hedge fund revealed a purchase of $7.8 million in STAAR Surgical Company $STAA, increasing its ownership stake to 18%.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Kevin Stein, director of Axalta Coating Systems Ltd $AXTA.

Stein reported a purchase of 36,600 AXTA shares, equivalent to $1 million.

From the Desk of Steve Strazza

The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd, which revealed an additional purchase of $5.2 million in Impinj Inc $PI.

Patrick J. Heron, director of Mirum Pharmaceuticals $MIRM, revealed a purchase of 147,991 shares, equivalent to $3,884,763.