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SONO Insiders Get Loud

Every weekend, I dig into our insider activity tracker looking for the biggest conviction buys — and this week, the tape is packed with heavyweight moves from executives and funds alike.

Here’s the most notable activity:

First up is Shift4 Payments $FOUR, where the Executive Chairman laid down a massive $16.2 million.

That’s the kind of size you almost never see outside of big institutions. When the company’s leader steps in with a move this big, it demands attention.

Next we have Eli Lilly $LLY.

Following earnings, the CEO, EVP, and two directors all stepped in with open-market buys. The battleground stock is rebounding from its recent collapse and is testing a critical level around 700. 

Then there’s Sonos $SONO, where the CEO, CFO, two directors, and Coliseum Capital all bought shares in unison.

That’s a textbook cluster buy — insiders and institutions aligning on the same trade. 

With Coliseum as their second-largest shareholder, this shows both leadership and smart money rowing in the same direction.

Over at ICU Medical $ICUI, the Chairman and CEO put down $2.47 million of his own cash.

And lastly, MicroStrategy $MSTR. Director Gregg Winiarski picked up nearly $1 million in stock. 

With Bitcoin back in the spotlight — and MSTR trading as one of its purest high-beta proxies — an insider putting fresh cash to work here adds another layer of credibility to the bull case.

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Happy Sunday. 

Steve