Today's standout insider transaction comes from John W. Dietrich, Executive Vice President and Chief Financial Officer of FedEx Corporation $FDX.
Dietrich revealed a purchase of 1,000 FDX shares, equivalent to $273,980.
CFOs’ insider purchases are especially meaningful for investors because of their deep financial knowledge. Their expressions of confidence in the underlying business are particularly notable for this reason alone.
And FDX has been carving out a multi-year base:
If and when it breaks above 320, the bias will switch higher.
Here’s The Hot Corner, with data from January 8, 2025:
In another Form 4 filing, former Executive Chairman James W. Ayers acquired 2,000 shares of FB Financial Corporation $FBK.
Today's standout insider transaction comes through a 13G filing by AllianceBernstein L.P., a global investment management firm overseeing more than $700 billion in assets.
AllianceBernstein increased its passive stake in Trex Company Inc $TREX from 6.50% to 10.10%.
Here’s The Hot Corner, with data from January 7, 2025:
This significant uptick in ownership signals strong confidence in the company's future prospects.
In a recently filed Periodic Transaction Report, Senator Shelley Capito of West Virginia disclosed stock purchases in General Electric Company $GE and Broadcom Inc $AVGO.
The transactions, each valued between $1,000 and $15,000, signal potential confidence in these market-leading companies.
Last month, Broadcom had its best single day rally in history, breaking to new all time highs following earnings.
Price is currently consolidating in a tight pattern, digesting its gains.
The path of least resistance is clearly higher and we believe it is just a matter of time before AVGO continues its ascent.
Here’s The Hot Corner, with data from January 6, 2025:
Last but not least, Pleasant Lake Partners LLC filed a Form 4 for Tile Shop Holdings $TTSH revealing a purchase of $822,056.
Uncle Warren is at it again, increasing Berkshire Hathaway's stake in VeriSign Inc $VRSN.
The latest filing reveals a purchase of 20,044 shares, bringing Berkshire's ownership to 13.83%.
VRSN is consolidating constructively just below a key resistance level:
The critical threshold is at 255. As long as the stock remains below this overhead supply, it’s difficult to find an attractive setup for the long side.
However, a decisive breakout above this area would change the narrative, presenting a compelling opportunity to get involved.
Here’s The Hot Corner, with data from January 3, 2024:
Meanwhile, Massachusetts Financial Services Company disclosed a 13G filing for TransUnion $TRU, increasing its stake from 9.75% to 10.00%.
Today’s most notable transaction comes via a Form 4 filing by EcoR1 Capital LLC, a biotech-focused hedge fund known for its expertise in high-growth life sciences investments.
The fund revealed a purchase of 363,369 shares of Zymeworks Inc $ZYME, equivalent to $5,321,175. EcoR1’s ownership stake in ZYME is now 22.04%.
Here’s The Hot Corner, with data from January 2, 2024:
But it doesn't end there. EcoR1 Capital also stepped in for a purchase of AnaptysBio $ANAB shares with a total value of $1,099,642. ANAB is now the largest holding in EcoR1’s portfolio.
Today’s most notable transaction comes from Warren Buffett’s Berkshire Hathaway, which purchased an additional $15.5 million in VeriSign $VRSN shares, increasing its ownership stake to 13.80%.
This transaction reflects confidence in VeriSign’s ability to maintain its leadership in internet security and stability while benefiting from long-term digital growth trends.
Here’s The Hot Corner, with data from December 30, 2024:
Point72 Asset Management filed a 13G for StoneCo Ltd $STNE revealing an initial 13G for 5.10% stake.
Jay Monroe, executive chairman of the board of directors of Globalstar Inc $GSAT revealed a purchase of 1,500,000 shares.
Prospect Capital Corporation $PSEC CEO John F. Barry III made another splash, this time with a massive $8.58 million buy. He reported this 2,000,000 share purchase in a Form 4 filing on Friday.
When the top exec puts this kind of skin in the game, it’s time to sit up and pay attention.
Here’s The Hot Corner, with data from December 27, 2024:
And that’s not all! Hedge fund heavyweight EcoR1 Capital LLC is doubling down on biotech.
The firm added $1.8 million worth of Zymeworks Inc $ZYME to its portfolio, upping its stake to 21.5%. ZYME is now EcoR1’s fifth-largest holding.
Today’s standout insider activity features some intriguing moves across key players.
Director Neil de Crescenzo made waves with a Form 4 filing, snapping up 100,000 shares of CCC Intelligent Solutions Holdings $CCCS—a significant bet on the company’s future.
Meanwhile, at Ardelyx $ARDX, director David Mott—on the board since 2009—dropped a cool $1 million on shares, a bold show of conviction.
Here’s The Hot Corner, with data from December 23, 2024:
Over at Arthur J. Gallagher & Co $AJG, the COO joined the action, purchasing 1,115 shares—a subtle but telling vote of confidence from the executive suite.
Rounding out the action, insider buying also surfaced at Lowe’s Companies $LOW, The Lovesac Company $LOVE, and FB Financial Corporation $FBK, hinting at optimism in a diverse set of industries.
When Warren Buffett and Berkshire Hathaway start buying, it’s time to sit up and take notice.
The Oracle of Omaha has returned to the open market with three intriguing purchases. Let’s dive into them.
First up, Occidental Petroleum $OXY. After a six-month hiatus, Buffett is back, snapping up shares. This marks the 29th Form 4 filing for OXY since he began building his position in early 2022.
Berkshire shelled out $400 million this time, bringing Buffett’s average purchase price to $54.02.
Here’s a chart highlighting the timing of Buffett’s $OXY purchases:
Next, Sirius XM Holdings $SIRI. Berkshire stepped in with a $107.2 million investment in the satellite radio giant.
He now owns 117,468,573 shares, equivalent to 34.6% stake.