Paul J. Friborg director at Estee Lauder Companies $EL continues to build a position in his own company’s stock.

This time, Friborg revealed a $5 million purchase, following a $10 million purchase earlier this week.

Here’s The Hot Corner, with data from November 20, 2024:

Solar stocks are lighting up our Hot Corner universe again.

This time, Form 4 purchases are stealing the spotlight:

• Sunnova Energy International $NOVA director Mohamed Akbar just dropped $389,728 on his own stock.
• Array Technologies’ $ARRY CEO stepped up too, buying 14,430 shares.

When these executives start putting their skin in the game, and it comes in clusters, it's worth taking notice.

Even though solar stocks have been among the most hated in the entire market, they might be close to a turning point…

Here’s ARRY consolidating at a shelf of former lows:

The biggest insider move today comes from Paul J. Fribourg, a director at Estee Lauder Companies $EL, who purchased $10,045,534 worth of shares, as reported in a Form 4 filing.

The stock has dropped 82% from its all-time highs and is now trading at its lowest level in a decade.

This significant insider buy signals confidence in the company's potential recovery.

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

The biggest insider move on today's list comes from a Form 4 filing by Charlie Ergen, co-founder and chairman of EchoStar Corporation $SATS.

Ergen made a power move, buying 1,551,355 SATS shares, for a value of $43.5 million.

This purchase not only is a vote of confidence—it’s the kind of buy an insider makes for only one reason. They believe the stock price will rise considerably from here. 

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

SolarEdge Technologies $SEDG director Avery More has made waves with a bold $2.1 million insider purchase of 156,000 shares.

Despite the solar industry becoming the market's "ugly duckling," More is stepping in at a key support level for SEDG. 

This area marks where prices bottomed out in 2016, sparking a historic rally:

In a significant move, Greenoaks Capital just revealed a $54 million purchase of Coupang $CPNG shares in a Form 4 filing.

The investment firm is known for its focus on high-growth tech companies, having previously backed game-changers like Discord and Stripe.

With this purchase, Greenoaks is betting big that Coupang is positioned for further upside.

We mentioned CPNG in our Screamin' Hot Report back in August, when the stock was resolving higher from a bottoming formation.

The most notable insider transactions in our list is from APMH Invest, which disclosed a $46 million purchase in Noble Corporation $NE via a Form 4 filing. 

This acquisition increased APMH Invest’s stake in Noble to 18.92%, reflecting a strong vote of confidence in the company.

APMH Invest, part of A.P. Møller Holding, is known for its strategic, long-term investments in sectors like energy and logistics, prioritizing stability and sustainability.

When these big players come in, it's always worth keeping an eye on the stock.

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

Turtle Creek Asset Management has disclosed a bold insider move in a fresh Form 4 filing. 

The hedge fund invested $10.3 million in JELD-WEN Holding $JELD, which now represents 4.8% of its $3.88 billion portfolio. 

Turtle Creek’s other top holdings include Berry Global $BERY, Middleby Corp $MIDD, and CarMax $KMX. 

Wellington Management Group filed a 13G for The AZEK Company Inc $AZEK, disclosing an increase in ownership from 9.30% to 10.31%.

As one of the world’s largest asset managers, Wellington’s increased stake indicates a positive outlook on AZEK’s market position.

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

In a notable display of confidence, the CEOs of Heartland Express $HTLD, Clear Channel Outdoor Holdings $CCO, and Intel Corporation $INTC each stepped up with fresh buys of their own stock, according to recent Form 4 filings.

When top executives reach into their own wallets, it’s often a signal they’re betting on one specific thing: They believe the stock is undervalued and primed to move higher.

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

The most significant insider transaction of the day was disclosed in a 13G by Jennison Associates LLC. The investment company reported an initial 10.40% stake in Phathom Pharmaceuticals $PHAT.

Jennison manages approximately $194 billion in assets across diverse portfolios.

They invest in high-growth areas like biotechnology. And when they make a big splash like this, it’s worth paying attention to.

As you can see, PHAT is resolving higher from a bearish-to-bullish reversal pattern:

Today’s largest insider activity comes from none other than Control Empresarial de Capitales SA, betting strongly on PB Energy Inc $PBF with a hefty $17 million purchase, according to its latest Form 4 filing.

This marks Control Empresarial’s fifth buy in the past month, suggesting a powerful vote of confidence from Mexican billionaire Carlos Slim’s investment firm.

With this latest addition, Control Empresarial’s ownership stake jumps from 21.5% to 22.5%, underscoring its commitment to the energy sector.

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

Uncle Warren strikes again!

In a fresh Form 4 filing, Berkshire Hathaway reveals a substantial new purchase in Sirius XM Holdings Inc. $SIRI, scooping up a cool $60,692,844 in shares.

This marks Berkshire’s third buy in recent months, solidifying Buffett’s position with a whopping 112,504,729 shares, an ownership stake now amounting to 33% of Sirius XM’s outstanding shares.

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