Carlos Slim's Control Empresarial Ups Its PB Energy Bet

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:

Tyra Biosciences $TYRA just saw a notable insider move, as CFO Alan Fuhrman scooped up 9,500 shares. 

When the CFO dives in like this, it’s a telling sign. After all, who better to know the numbers, future plans, and projections than the person at the financial helm?

And, for biotechs in general, what better place than this for buyers to step in?