The most notable insider activity on today's list comes via a Form 4 filing by Liberty 77 Fund.

The private equity fund, which manages approximately $2.95 billion in assets, reported a purchase of $1.2 million in Lions Gate Entertainment Corp $LGF.

Many times these transactions make sense only to buyers in the context of their investing or trading strategies.

With regard to LGF, for example, as technicians we prefer to wait until the chart looks more promising to us. This is not the case right now.

Here’s The Hot Corner, with data from October 9, 2024:

The most notable insider activity on today's list comes via a 13D filing by Baker Bros Advisors.

The hedge fund increased its ownership stake in Kiniksa Pharmaceuticals $KNSA from 6.94% to 7.70%.

Baker Bros' top holdings include BeiGene, Incyte, and Acadia Pharmaceuticals. These three positions represent roughly 50% of its portfolio.

We keep a close eye on what Baker Bros is up to -- the firm is better than anyone when it comes to biotech investing. It has a knack for spotting early-stage winners and sticking with them. 

Its increased stake in KNSA means Baker Bros thinks this one will be a winner in the future. 

We agree.

Here’s The Hot Corner, with data from October 8, 2024:

The most significant insider activity on today's list comes via a 13D filing by Mubadala Investment Company.

The sovereign wealth fund, which manages a portfolio for the government of Abu Dhabi, reported an initial stake of 9.50% in Equinox Gold Corp $EQX.

The fund's top holdings include GlobalFoundries and Evotec SE.

It’s not uncommon for insiders to buy stocks when they’re still in the accumulation or base-building phase. We see them buy downtrends and beaten-up names all the time as well. 

What we don’t see as much is insiders stepping in and reporting a brand-new stake just as a fresh trend reversal is shaping up.

That’s what is happening here with EQX and Mubadala’s $230 million investment.

Here’s The Hot Corner, with data from October 7, 2024:

The most notable insider activity on today's list comes via a Form 4 filing by Cartesian Therapeutics Inc $RNAC director Timothy A. Springer.

Springer reported a $4.2 million purchase of RNAC shares.

Neuberger Berman Group LLC filed a 13G for CNX Resources Corporation $CNX, revealing an initial stake of 5.03%.

Here’s The Hot Corner, with data from October 4, 2024:

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

You can...

The most notable insider activity on today's list comes via a Form 4 filing by Nicholas S. Schorsch, director at Global Net Lease $GNL.

Schorsch reported a GNL purchase worth $840,000.

Here’s The Hot Corner, with data from October 3, 2024:

The most notable insider activity on today's list comes via a Form 4 filing by Southwest Airlines Co $LUV director Rakesh Gangwal.

Gangwal, also the co-founder of IndiGo airline, reported a LUV purchase with a total value of $107 million.

Here’s The Hot Corner, with data from October 2, 2024:

The most significant insider activity today involves Wave Life Sciences Ltd $WVE. 

A Form 4 filing by GSK plc reports a purchase worth $22,335,440. 

In addition, a 13D filing from RA Capital Management reveals an increase in its ownership stake from 12.30% to 16.00%.

Here’s The Hot Corner, with data from September 30, 2024:

The most significant insider buy on today's list comes via a 13G filing by Madison Avenue Partners.

The investment firm revealed an initial stake of 5.10% in John Wiley & Sons Inc $WLY.

Director Douglas G. Bergeron reported a purchase of $2,100,834 in Cantaloupe $CTLP.

Here’s The Hot Corner, with data from September 30, 2024:

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

The investment company reported a purchase of Talos Energy Inc $TALO shares with a total value of $6 million.

Here’s The Hot Corner, with data from September 27, 2024:

The most notable insider activity on today's list comes via a Periodic Transaction Report filing by Rep. Greg Landsman of Ohio.

Landsman revealed a purchase worth between $15,000 to $50,000 in Arista Networks Inc $ANET.

Here’s The Hot Corner, with data from September 26, 2024:

The most notable insider activity on today's list comes via a Form 4 filing by Liberty 77 Fund L.P.

The private equity firm reported a purchase of $3.6 million in Lions Gate Entertainment Corp $LGF.

Here’s The Hot Corner, with data from September 25, 2024: