Hot Corner Insider Articles

The most notable insider buy today is detailed in Form 4 filings by the chairman and CEO along with the president of production and development of TXO Energy Partners L.P $TXO.

Combined, they reported purchasing $19.5 million worth of TXO shares.

Senvest Management LLC filed a 13G for Cognyte Software Ltd $CGNT revealing an increase in ownership from 4.85% to 5.00%.

Here’s The Hot Corner, with data through June 28, 2024:

Director Amy Y. Murray bought 1,200 shares of American Financial Group $AFG in its latest Form 4.

AFG broke out of a multi-year base in 2021 and has since been consolidating above the breakout level:

The line in the sand lies at 115.

If we're above this level, the risk is to the upside.

Stay tuned. We'll be back on Tuesday with more insider activity.

The most significant insider buy on today's list comes via a Form 4 filing by the CEO of Restoration Hardware $RH Gary Friedman.

Friedman reported a purchase of roughly $10 million.

Control Empresarial de Capitales S.A. has once again appeared on our radar. This time, they've purchased $6,521,107 worth of PBF Energy Inc $PBF, continuing to build a position in the company.

Here’s The Hot Corner, with data through June 27, 2024:

Last but not least, Gregory M. Shepard bought 40,872 shares of Atlas Energy Solutions Inc $AESI.

After reaching all-time highs in May 2021, RH fell off a cliff, losing around 70% since its peak.

Fast forward to today, and the stock is consolidating at the lower bounds of a well-defined range.

If we're above 210, the bias is sideways. However, a violation of this area will give sellers full control.

The most significant insider buy on today's list comes via a Form 4 filing by Nuvation Bio Inc $NUVB director Xiangmin Cui.

Cui revealed an additional purchase of NUVB shares with a total value of $825,348.

Here’s The Hot Corner, with data through June 26, 2024:

Leviticus Partners LP filed a 13G for Twin Disc Incorporated $TWIN revealing an increase from 4.96% to 5.17%.

Earlier this year, NUVB resolved higher from a bearish-to-bullish reversal pattern. 

Fast-forward to today, and it is consolidating above the breakout level:

As long as we’re above 2.55, the bias is higher.

Stay tuned. We'll be back on Friday with more insider activity.

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The most significant insider purchase today is from Control Empresarial de Capitales S.A., which disclosed a $30.8 million acquisition of PBF Energy Inc $PBF shares through a Form 4 filing.

Additionally, the Mexico-based investment firm reported buying 8,264,462 shares of ProKidney Corp $PROK, valued at approximately $20 million.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Charles Bartlett Johnson, former CEO of Franklin Resources Inc $BEN.

Johnson bought 200,000 additional BEN shares, equivalent to $4.5 million.

Point72 Asset Management filed a 13G for UroGen Pharma Ltd $URGN revealing an initial stake of 6.20%.

From the Desk of Steve Strazza and Alfonso Depablos

Control Empresarial de Capitales S.A. has two significant insider buys on today’s list, as it continues to build positions in a pair of energy companies.

In a Form 4 filing, the Mexican company revealed another purchase in PBF Energy Inc $PBF, this time for approximately $24.6 million.

This is the sixth Form 4 filing they’ve made for PBF this month.

Control Empresarial also bought 300,000 shares of Talos Energy Inc $TALO, equivalent to $3,240,000.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Welcome to the Hot Corner Insider Weekly Report!

As you know, we spend a lot of time tracking insider activity to come up with this universe.

But that’s only half the battle!

Once we identify the names insiders are targeting, we overlay our expert technical analysis to see if the market agrees with their actions.

While we track some of the most powerful and well-informed market participants… we aren’t just going to follow them blindly into their trades.

We want to see that the insider activity is confirmed by the trend before we get involved. 

When we can check both of these boxes, we identify asymmetric risk/reward setups, and then jump in and ride these trends higher alongside the smart money.

You...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Charles Bartlett Johnson, former CEO of Franklin Resources Inc $BEN.

Johnson reported a purchase of 100,000 BEN shares, equivalent to $2.2 million.

Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your financial advisor and tax accountants to make sure you are suitable to be executing what is discussed on this website. The risk management procedures and targets are detailed for each idea. Please read and review the terms and conditions page before making any trades of your own.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Control Empresarial de Capitales S.A.

The investment firm revealed an additional purchase of $28 million in PBF Energy Inc $PBF.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today’s list comes via a Form 4 filing by Warren Buffett.

Buffett and Berkshire Hathaway continue to buy shares of Occidental Petroleum Corporation $OXY.

This is their third filing of the month, this time for $176 million.