The most significant insider buy on today's list comes via two Form 4 filings by the CEO and the COO of Prospect Capital Corporation $PSEC.

Together, they purchased $12 million worth of company stock, a clear signal of their confidence in PSEC's outlook.

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

The most significant insider buy on today's list comes via a Form 4 filing by Paul Auvil, director of Elastic N.V. $ESTC.

Auvil reported the acquisition of 20,000 ESTC shares, equivalent to $1.4 million.

Darwin Global Management Ltd filed a 13G for Insmed Incorporated $INSM revealing an initial stake of 5.70%.

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

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

The private equity firm reported a purchase of $2,368,909 in Lions Gate Entertainment $LGF.A.

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

The most significant insider buy on today’s list comes via a Form 4 filing by Jack Hightower, chairman and CEO of HighPeak Energy $HPK.

Hightower bought 132,487 HPK shares, equivalent to $2 million.

Pilgrim Global ICAV revealed a purchase of $633,450 in Sable Offshore Corp $SOC.

Here’s The Hot Corner, with data from August 29, 2024:

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

The investment company reported a purchase of PBF Energy Inc $PBF shares with a total value of $8.7 million.

Here’s The Hot Corner, with data from August 28, 2024:

The most significant insider purchase on today's list comes via a 13G filing by Biglari Capital Corp.

The private investment firm announced that it has raised its ownership stake in El Pollo Loco Holdings $LOCO from 13.50% to 14.99%.

Jerry Jones has made another purchase of Comstock Resources $CRK shares, this time investing a total of $19,395,165.

Here’s The Hot Corner, with data from August 27, 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.

Let’s get...

The most significant insider purchase on today's list comes via a Form 4 filing by Abdiel Capital LP, which revealed a purchase of roughly $4 million in Appian Corporation $APPN.

CFO John R. Rettig bought 21,124 shares of Bill.com Holdings Inc $BILL, equivalent to roughly $3 million.

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

The most significant insider buy on today’s list comes via a Form 4 filing by Greenoaks Capital Partners LLC.

The investment firm reported an additional purchase of $6.8 million in Coupang Inc $CPNG.

RTW Investments LP filed a 13D for Avidity Biosciences $RNA revealing an increase in ownership from 7.45% to 9.99%.

Here’s The Hot Corner, with data from August 23, 2024:

The most significant insider buy on today’s list comes via a Form 4 filing by Jerry Jones, owner of the Dallas Cowboys.

Jones purchased an additional $34 million in Comstock Resources $CRK.

Baker Bros Advisors LP filed a 13D for Kymera Therapeutics $KYMR reporting an increase in its ownership stake from 9.28% to 9.30%.

Here’s The Hot Corner, with data from August 22, 2024:

The most significant insider buy on today's list comes via a Form 4 filing by Abdiel Capital LP. 

The investment firm revealed a purchase of roughly $2 million in Appian Corporation $APPN.

Director John Bilbrey bought $376,161 worth in Olaplex Holdings $OLPX.

Here’s The Hot Corner, with data from August 21, 2024:

In another Form 4, the president and CEO of Kratos Defense & Security Solutions Inc $KTOS reported an acquisition of 11,980 KTOS shares.

Over in Washington, Rep. Scott Franklin of Florida filed a Periodic Transaction Report declaring purchases in the following stocks:

• Accenture plc $ACN;
• Air Products and Chemicals Inc $APD;
• Amgen Inc $AMGN;
• General Dynamics Corporation $GD;
• Johnson & Johnson $JNJ; and
• Starbucks Corporation $SBUX.

Earlier this...

The most significant insider buy on today’s list comes via a Form 4 filing by Sarepta Therapeutics Inc $SRPT director Michael Andrew Chambers.

Chambers revealed a purchase of SRPT shares with a total value of $4.9 million.

Here’s The Hot Corner, with data from August 21, 2024:

In another Form 4, director Mark A. Alexander reported the acquisition of 2,000 shares of W. P. Carey Inc $WPC, equivalent to $114,059.

Last but not least, Rep. Kathy Manning of North Carolina filed a Periodic Transaction Report declaring purchases in Garmin Ltd $GRMN and Microsoft Corporation $MSFT.

GRMN has been carving out a base since 2021. Price is pressing against the range's upper bounds as buyers absorb all the overhead supply at this resistance zone:

The line in the sand lies at the 179 level. A breakout above that zone could push prices to a fresh leg to the upside.