When Warren Buffett and Berkshire Hathaway start buying, it’s time to sit up and take notice.
The Oracle of Omaha has returned to the open market with three intriguing purchases. Let’s dive into them.
First up, Occidental Petroleum $OXY. After a six-month hiatus, Buffett is back, snapping up shares. This marks the 29th Form 4 filing for OXY since he began building his position in early 2022.
Berkshire shelled out $400 million this time, bringing Buffett’s average purchase price to $54.02.
Here’s a chart highlighting the timing of Buffett’s $OXY purchases:
Leading today’s list is Ariel Emanuel, CEO of TKO Group Holdings $TKO, making waves with an eye-popping $77 million purchase.
When a CEO drops this kind of cash on their own stock, it screams confidence in the company’s future.
Kenneth Courtis, independent director of Alpha Metallurgical Resources $AMR, followed suit with a hefty $2.4 million buy. Insider moves like this often hint at good things to come, or at least an upward move in the stock.
Here’s The Hot Corner, with data from December 18, 2024:
Baker Bros Advisors, renowned for their biotech expertise, increased their stake in Bicycle Therapeutics $BCYC from 19.76% to 22.90%, as disclosed in a 13D filing.
This signals strong confidence in the company's prospects, likely tied to its innovative "Bicycles" platform for developing novel therapies.
Given the Bakers' track record, their investment is a notable endorsement of Bicycle Therapeutics' potential.
In essence, when the Bakers buy, biotech investors pay attention.
Here’s The Hot Corner, with data from December 17, 2024:
OPKO Health $OPK CEO Phillip Frost just put his money where his mouth is, snapping up 500,000 of OPK shares at $1.56 each.
Remember, executives sell for many reasons. But they only buy because they believe in their company and think it will have a higher stock price in the future.
Frost is clearly placing his chips on OPKO’s future.
Here’s The Hot Corner, with data from December 11, 2024:
ARK Investment Management is making waves with its latest move.
In a recent 13G filing, Cathie Wood and her team increased their stake in CRISPR Therapeutics AG $CRSP from 8.78% to 10.69%.
This move makes CRSP the fifth largest holding in ARK’s portfolio, highlighting their strong belief in the company and its groundbreaking work in gene editing.
Every time ARK Investment Management makes a move, it’s worth paying attention – and their latest activity is no exception.
Here’s The Hot Corner, with data from December 10, 2024:
Thilo Schroeder, director of Revolution Medicines $RVMD and managing member of Nextech Invest, made waves with a $60 million insider buy, acquiring 1.3 million shares.
Nextech, known for investing in cutting-edge life sciences companies, often backs transformative players in oncology.
Schroeder's move underscores his confidence in RVMD’s potential.
Here’s The Hot Corner, with data from December 9, 2024:
The most significant transaction on today's list comes in a Form 4 filing featuring both the CEO and the CFO of Dorchester Minerals $DMLP.
Together, they purchased almost $1 million worth of their own company's stock.
When two top executives with the deepest insight into the company’s operations and financial health simultaneously make significant insider purchases, it indicates the stock is undervalued or that upcoming developments could positively impact the performance.
Here’s The Hot Corner, with data from December 5, 2024:
The most notable insider transaction today is a Form 4 filing by John H. Stone, President and CEO of Allegion plc $ALLE.
Stone purchased 7,500 ALLE shares, totaling $1 million.
Meanwhile, Sardar Biglari, CEO and founder of Biglari Holdings Inc $BH, reported an additional purchase of BH shares valued at $1,499,970.
While CEO buys aren’t necessarily signals for immediate action, such transactions often reflect strong confidence in a company’s future and can serve as a supportive factor for long-term bullish trends.
Here’s The Hot Corner, with data from December 4, 2024: