Every weekend, I dig into our insider activity tracker looking for the biggest conviction buys — and wow was it a busy week for C-suite insiders.
Here’s the most notable activity:
First up, Western Union $WU, where the CEO and President dropped nearly $1.5 million on shares in the open market.
That looks like an attempt to boost confidence as WU trades near multi-year lows.
Next, Eastern Bankshares $EBC. This one saw two separate insiders step in — the Executive Chairman and the CEO — with more than $1.2 million combined.
When multiple leaders are buying at the same time, it sends a strong message of confidence in the company’s outlook.
Over at Resideo Technologies $REZI, CD&R Investment Associates dropped another $1.57 million.
This fund has been steadily adding, and we actually put on a trade here last week — click here to read it.
Then there’s CBiz $CBZ, where Durable Capital Partners just filed a 13G revealing a new 5.5% stake.
Durable is one of the sharpest growth-focused institutions in the game, and their presence on the shareholder list instantly adds credibility to the bull case.
Next up, the CEO of cosmetics company Coty Inc $COTY filed a Form 4 revealing a purchase of over $1 million.
And lastly, Match Group $MTCH.
The CEO stepped up with an open market buy of roughly $500K.
It may not be the biggest splash, but when the top executive of a beaten-down name like Match puts fresh skin in the game, it’s a signal we can’t ignore. Half a mil is more than enough to get our attention.
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