From the Desk of Steve Strazza and Alfonso Depablos
Control Empresarial de Capitales S.A. has two significant insider buys on today’s list, as it continues to build positions in a pair of energy companies.
In a Form 4 filing, the Mexican company revealed another purchase in PBF Energy Inc $PBF, this time for approximately $24.6 million.
This is the sixth Form 4 filing they’ve made for PBF this month.
Control Empresarial also bought 300,000 shares of Talos Energy Inc $TALO, equivalent to $3,240,000.
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 of these boxes, we identify asymmetric risk/reward setups, and then jump in and ride these trends higher alongside the smart money.
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider transaction on today’s list comes via a Form 4 filing by Snowflake Inc $SNOW director Mike Speiser.
Speiser, also a managing partner at the private equity firm Sutter Hill Ventures, bought 76,200 of SNOW shares for a total amount of roughly $10 million.
The CEOs of V.F. Corporation $VFC and Four Corners Property Trust Inc $FCPT both filed Form 4s revealing purchases of their own stock.
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by Warren Buffett and Berkshire Hathaway.
Buffett and Berkshire continue to accumulate shares of Occidental Petroleum $OXY, disclosing yet another purchase, this one worth roughly $153 million.
We take a detailed look at Buffett’s and Berkshire’s OXY purchases and the share price reaction below.