Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and let me tell you, this week stood out with a rare mix of high-conviction buys.
Let’s break it down:
The most important insider buy this week came from Tesla $TSLA.
Airbnb co-founder and Tesla board member Joe Gebbia bought 4,000 shares on April 28 at around $256 per share — dropping over $1 million into the stock.
This was Tesla’s first insider purchase in nearly five years.
A move like this from someone on the board suggests a signal of confidence
Remember that there are many reasons an insider would sell… to buy a house, pay for a wedding, go on vacation. But there’s only one reason they buy:
They think the stock’s going higher.
And with all the bearish sentiment surrounding the company, sometimes the best move is being contrarian.
It's not about Musk or politics — it’s about risk/reward. And with TSLA bouncing off support, now we’ve got a clear line in the sand to trade against it.
Next up, the President and CEO of Enphase Energy $ENPH stepped in with a $185K buy, his first insider purchase of the year.
Solar names have been crushed, but this tells us he sees opportunity down here.
Over at Bristol-Myers Squibb $BMY, Dr. Samit Hirawat, EVP and Chief Medical Officer, bought more than $200K worth of stock.
He’s been in the company since 2019, coming over from Novartis with a long track record in clinical development.
He's one of the key people driving the drug pipeline forward — and now he’s putting his own money behind it.
Perpetua Resources $PPTA also caught our eye.
This is a small-cap gold and mining company and Encompass Capital Advisors just disclosed a 5.03% stake via a 13G filing.
With all the attention on hard assets lately, this kind of institutional positioning matters.
Lastly, we had two buys at Merchants Bancorp $MBIN.
Both the President & COO and the CEO himself stepped in, scooping up close to $280K worth of shares combined.
That's a strong alignment at the top.
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