Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and this week brought some serious heat.
Here’s the most notable activity:
Let’s start with Newegg Commerce $NEGG, where Vladimir Galkin dropped another $12.3 million into the online tech retailer.
That brings his total spend over the past week to more than $24 million.
Galkin is one of the company’s largest shareholders and has been aggressively increasing his stake while the stock squeezes higher over the past two months.
Next up is Rocket Companies $RKT, where Nuveen Asset Management upped their stake from 5.57% to 7.90%.
This comes just as housing-related stocks are catching a bid across the board.
With RKT sporting a sky-high short interest, institutional buying could help fuel a squeeze.
Three different CEOs also stepped up to buy their own stock this week — something we never ignore.
The heads of Simply Good Foods $SMPL, Progress Software $PRGS, and Dave & Buster’s $PLAY all filed fresh Form 4s, scooping up shares on the open market.
CEO buys carry serious weight — no one knows more about the business than they do.
And rounding out the list is Strattec Security $STRT.
GAMCO Investors increased their stake from 16.64% to 18.66%.
GAMCO is the investment firm run by famed value investor Mario Gabelli.
They specialize in fundamental, event-driven plays — and this one clearly has their attention.
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