The most significant insider buy on today’s list comes via a Form 4 filing by ProFrac Holding Corp $ACDC director Dan H. Wilks.

Wilks revealed a purchase of 149,871 ACDC shares, equivalent to $972,464.

Beryl Capital Management filed a 13G for Core Scientific Inc $CORZ revealing an initial stake of 6.00%.

Here’s The Hot Corner, with data from August 19, 2024:

In another Form 4, co-founder Martin J. Vanderploeg reported a $315,640 purchase in Workiva Inc $WK.

CORZ came public in January and has since doubled.

However, price attempted to complete a topping pattern, violating a critical level of interest at the 161.8% extension.

Still, buyers quickly repaired the damage, pushing the stock back above the neckline and trapping the bears.

As long as we’re above 8.30, the path of least resistance is...

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

Jones purchased an additional $36 million in Comstock Resources $CRK.

EcoR1 Capital just announced an acquisition of 273,972 shares of AnaptysBio Inc $ANAB, equivalent to $10 million.

Here’s The Hot Corner, with data from August 16, 2024:

In another Form 4, Abdiel Capital LP revealed a purchase of $25,084,824 in Appian Corporation $APPN.

ANAB is in the process of completing a multi-year reversal pattern.

Price is pressing against the upper bounds of the base as buyers absorb the overhead supply at this resistance zone.

If and when we get a decisive breakout above 38, the path of least...

The most significant insider buy on today’s list comes via a Form 4 filing by the Executive Vice President and President, Retail of NCR Voyix Corp $VYX Eric Schoch.

Schoch revealed an acquisition of 21,692 shares, equivalent to $264,425.

Here’s The Hot Corner, with data from August 15, 2024:

The CEO and the CTO of Yum China Holdings Inc $YUMC both filed Form 4s for a total amount purchase of $262,538.

Last month, YUMC experienced a nasty whipsaw, making multi-year lows.

It quickly recovered, resulting in a major breakdown at a key support level.

If we're above those 2018 lows, a big counter-trend rally could just be getting started for YUMC. 

Have a great weekend. We'll be back on Monday with more insider activity.

And please...

The most significant insider buy on today’s list comes via a Form 4 filing by MFN Partners LP.

The hedge fund reported an acquisition of 10,266,810 shares of RXO Inc $RXO, equivalent to $207 million.

Abdiel Capital LP revealed an additional $12.8 million purchase in Appian Corporation $APPN.

Here’s The Hot Corner, with data from August 14, 2024:

Mario Gabelli’s GAMCO Investors is back on our list, this time filing a 13D for Dril-Quip Inc $DRQ showing a 0.20% increase in its ownership stake.

The president and CEO of Customers Bancorp Inc $CUBI revealed a purchase of $113,832.

Over in Washington, Rep. Jonathan Jackson of Illinois revealed purchases worth between $15,000 and $50,000 in Coupang Inc $CPNG and The AES Corporation $AES.

And director David R. Ebsworth revealed an acquisition of 36,000 shares in Verona Pharma plc $VRNA.

The most significant insider transactions on today's list are from Energy Transfer LP $ET co-founder Kelcy Warren and co-CEO Thomas Long.

Together, these insiders bought $47.35 million worth of ET shares, as per Form 4 filings.

Liberty 77 Fund L.P. revealed an acquisition of 2,054,228 shares of Lions Gate Entertainment Corp $LGF, equivalent to $17,185,962.

Here’s The Hot Corner, with data from August 13, 2024:

The CEOs of Elanco Animal Health Incorporated $ELAN, Lyft Inc $LYFT, and MRC Global Inc $MRC filed Form 4s disclosing purchases of their own company’s stock.

The executive chairman of The GEO Group Inc $GEO reported a $3 million purchase in a Form 4.

Director Thomas C. Erb revealed a purchase of 2,000 shares of the cereal maker in a Form 4.

POST is in a structural uptrend, as the stock has been stair-stepping higher ever since it...

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

Jones made an additional purchase of $25 million in Comstock Resources $CRK.

Cathie Wood’s infamous ARK Investment Management filed an initial 13G for 10x Genomics Inc $TXG revealing a 10.75% stake.

Here’s The Hot Corner, with data from August 12, 2024:

In another Form 4, Greenoaks Capital Partners LLC revealed a $21 million purchase in the South Korean e-commerce company Coupang Inc $CPNG.

MFN Partners revealed an initial stake of 6.30% in CNX Resources Corporation $CNX.

CPNG is on the verge of completing a primary trend reversal, as price reclaimed a critical level of interest:

Today's most significant insider transaction was disclosed in a Form 4 filing by ZoomInfo Technologies $ZI CEO Henry Schuck.

Schuck reported an acquisition of 1,500,000 shares, equivalent to $12.7 million.

PointState Capital filed a 13G for WESCO International $WCC revealing an initial stake of 5.00%.

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

In another Form 4, Stellantis NV revealed a purchase of $9,989,998 in Archer Aviation Inc $ACHR.

Control Empresarial de Capitales S.A. continues to build a position in Talos Energy Inc $TALO and PBF Energy Inc $PBF.

In Washington, Rep. Ro Khanna of California disclosed purchases of between $15,000 and $50,000 in the following stocks:

• Apple Inc $AAPL;
...

Today’s most significant insider transaction comes in a Form 4 filing by Block $SQ director Roelof Botha.

Botha reported a $25 million purchase of SQ shares.

Artisan Partners Limited Partnership filed a 13G for Smith Douglas Homes Corp $SDHC revealing an initial stake of 10.50%.

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

In another Form 4, the chief operating officer of MP Materials Corp $MP, Michael Stuart Rosenthal, revealed an acquisition of 30,000 shares.

There was also insider activity in O-I Glass $OI, AGCO Corporation $AGCO, and Byline Bancorp Inc $BY.

SQ has been working on a reversal basing pattern since 2022.

Accumulation patterns like this tend to take time, as the trend gradually shifts from down to sideways to higher.

While the bulls have work to do, we prefer to wait...

The most significant insider buy on today’s list comes via a Form 4 filing by Blue Star Exploration Corp, which purchased $21 million worth of Comstock Resources $CRK.

Control Empresarial de Capitales S.A. continues to buy shares of PBF Energy Inc $PBF and Talos Energy Inc $TALO.

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

The CEOs of Intel Corporation $INTC and Vimeo Inc $VMEO both filed Form 4s revealing purchases of their own stock.

Impactive Capital filed a 13D for Marriott Vacations Worldwide Corporation $VAC revealing an increase in ownership from 7.42% to 8.60%.

Director Pauline Richards bought 2,351 shares in Apollo Global Management $APO.

APO has entered a corrective phase, falling almost 25% off its highs in the last few weeks.

The most significant insider buy on today’s list comes via three Form 4 filings by the CEO and president, the CFO, and a director of MGM Resorts International $MGM.

The chief financial officer of Royal Caribbean Cruises Ltd $RCL, Naftali Holtz, disclosed an acquisition of 5,350 shares, equivalent to $749,000.

Here’s The Hot Corner, with data from August 6, 2024:

The CEO of Blackstone Mortgage Trust $BXMT and one of the company's directors announced acquisitions totaling $1.2 million.

The CEOs of Pebblebrook Hotel Trust $PEB and AGCO Corporation $AGCO both filed Form 4s revealing purchase of their own stock.

RCL resolved higher from a multi-year basing pattern this year, ripping to new all-time highs.

Fast-forward to today, and price pulled back to the breakout level.

It's finding support at a shelf of former highs that coincide with an...

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

The Mexico-based investment company disclosed a $13 million acquisition in PBF Energy Inc $PBF and a $10 million purchase in Talos Energy Inc $TALO.

Fredrik Wilhelm Mohn filed a Form 4 reporting a $10.4 million purchase in Transocean $RIG through Perestroika Ltd, a Norwegian investment firm with interests in oil and gas, shipping, and other sectors.

Here’s The Hot Corner, with data from August 5, 2024:

Elliott Investment Management filed a 13D for Southwest Airlines Co $LUV revealing an initial stake of 7.00%.

Mobileye $MBLY CEO and president, Amnon Shashua revealed an acquisition of 631,963 shares, equivalent to $10.4 million in another Form 4.

There was also insider activity in Leidos Holdings $LDOS, Merchants Bancorp $MBIN, Verisk Analytics $VRSK, Matador...

The most significant insider buy on today’s list comes via a Form 4 filing by CEO Kevin P. Riley of First Interstate BancSystem $FIBK.

Riley reported a purchase of $347,718 in his own company’s stock.

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

Director Robert Stallings revealed the acquisition of 14,000 shares of Texas Capital Bancshares $TCBI.

This is Stallings' fourth filing in the last two weeks, his purchases during this time frame totaling $1,058,085.

In another Form 4, David L Gruber, director of LTC Properties Inc $LTC, revealed a purchase of $214,520.

After falling more than 60% since its all-time highs in 2021, FIBK made a tradable low and built a bearish to bullish reversal.

However, price failed to reclaim the upper end of this range near 32.50:

If FIBK is below 32.50,...