SolarEdge Technologies $SEDG director Avery More has made waves with a bold $2.1 million insider purchase of 156,000 shares.

Despite the solar industry becoming the market's "ugly duckling," More is stepping in at a key support level for SEDG. 

This area marks where prices bottomed out in 2016, sparking a historic rally:

With SEDG back at the scene of the crime, if there's a logical level for it to stop falling, we believe this is it.

That doesn't mean we’re going to get involved right here, right now, though.

Rather, we prefer to wait for a tradeable low and have enough conviction the trend is shifting higher.

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

Maria Angelidis-Smith, a director at Lemonade $LMND, bought 33,554 shares, equivalent to $1,007,444.

LMND has a 30% short...

In a significant move, Greenoaks Capital just revealed a $54 million purchase of Coupang $CPNG shares in a Form 4 filing.

The investment firm is known for its focus on high-growth tech companies, having previously backed game-changers like Discord and Stripe.

With this purchase, Greenoaks is betting big that Coupang is positioned for further upside.

We mentioned CPNG in our Screamin' Hot Report back in August, when the stock was resolving higher from a bottoming formation.

Fast-forward to today, and the stock looks poised to continue grinding higher, with a valid trend reversal in place. 

As long as we’re above 21, we want to err in the direction of the underlying trend.

The Greenoaks filing is just additional confirmation that we’re onto something good with this name. 

The most notable insider transactions in our list is from APMH Invest, which disclosed a $46 million purchase in Noble Corporation $NE via a Form 4 filing. 

This acquisition increased APMH Invest’s stake in Noble to 18.92%, reflecting a strong vote of confidence in the company.

APMH Invest, part of A.P. Møller Holding, is known for its strategic, long-term investments in sectors like energy and logistics, prioritizing stability and sustainability.

When these big players come in, it's always worth keeping an eye on the stock.

Here’s The Hot Corner, with data from November 11, 2024:

The CEO of Centene Corporation $CNC, Sarah London, revealed the acquisition of 4,117 shares, equivalent to $250,313.

When CEOs start putting their own money on the line, it signals they’re bullish on the future, expecting big things.

Director David Sachs...

Turtle Creek Asset Management has disclosed a bold insider move in a fresh Form 4 filing. 

The hedge fund invested $10.3 million in JELD-WEN Holding $JELD, which now represents 4.8% of its $3.88 billion portfolio. 

Turtle Creek’s other top holdings include Berry Global $BERY, Middleby Corp $MIDD, and CarMax $KMX. 

Wellington Management Group filed a 13G for The AZEK Company Inc $AZEK, disclosing an increase in ownership from 9.30% to 10.31%.

As one of the world’s largest asset managers, Wellington’s increased stake indicates a positive outlook on AZEK’s market position.

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

Rep. Josh Gottheimer and Senator Sheldon Whitehouse revealed $50,000 purchases of Apple $AAPL and Eli Lilly and Company $LLY, respectively.

Last but not least, two directors of Verona Pharma plc $VRNA...

In a notable display of confidence, the CEOs of Heartland Express $HTLD, Clear Channel Outdoor Holdings $CCO, and Intel Corporation $INTC each stepped up with fresh buys of their own stock, according to recent Form 4 filings.

When top executives reach into their own wallets, it’s often a signal they’re betting on one specific thing: They believe the stock is undervalued and primed to move higher.

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

In another Form 4, Director William Galtney Jr. reported a hefty $1 million buy in Everest Group Ltd $EG, snapping up 2,870 shares.

The most significant insider transaction of the day was disclosed in a 13G by Jennison Associates LLC. The investment company reported an initial 10.40% stake in Phathom Pharmaceuticals $PHAT.

Jennison manages approximately $194 billion in assets across diverse portfolios.

They invest in high-growth areas like biotechnology. And when they make a big splash like this, it’s worth paying attention to.

As you can see, PHAT is resolving higher from a bearish-to-bullish reversal pattern:

As long as we’re above the 2023 high, the breakout is intact and the path of least resistance is higher.

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

Arturo R. Moreno, the owner of Major League Baseball’s Los Angeles Angels, acquired nearly 2 million shares of Clear Channel Outdoor Holdings, Inc. $CCO, worth about $2.78 million.

Last but not...

Today’s largest insider activity comes from none other than Control Empresarial de Capitales SA, betting strongly on PB Energy Inc $PBF with a hefty $17 million purchase, according to its latest Form 4 filing.

This marks Control Empresarial’s fifth buy in the past month, suggesting a powerful vote of confidence from Mexican billionaire Carlos Slim’s investment firm.

With this latest addition, Control Empresarial’s ownership stake jumps from 21.5% to 22.5%, underscoring its commitment to the energy sector.

Here’s The Hot Corner, with data from November 1, 2024:

Tyra Biosciences $TYRA just saw a notable insider move, as CFO Alan Fuhrman scooped up 9,500 shares. 

When the CFO dives in like this, it’s a telling sign. After all, who better to know the numbers, future plans, and projections...

Uncle Warren strikes again!

In a fresh Form 4 filing, Berkshire Hathaway reveals a substantial new purchase in Sirius XM Holdings Inc. $SIRI, scooping up a cool $60,692,844 in shares.

This marks Berkshire’s third buy in recent months, solidifying Buffett’s position with a whopping 112,504,729 shares, an ownership stake now amounting to 33% of Sirius XM’s outstanding shares.

Here’s The Hot Corner, with data from October 31, 2024:

Mario Gabelli's GAMCO Investors shook things up today with a 13D filing, revealing a notable increase in its ownership of Mueller Industries $MLI, from 2.92% to 4.08%. 

With this latest move, MLI now claims the top spot in GAMCO’s portfolio.

In a standout insider transaction, Control Empresarial de Capitales S.A., the investment powerhouse owned by Carlos Slim, disclosed another hefty purchase of PBF Energy Inc $PBF. 

According to a fresh Form 4 filing, Slim’s firm shelled out an impressive $11,657,328 to boost its stake to more than 21.50%.

Even though PBF doesn't look good from a technical perspective, insider moves from major players can reveal a lot.

So, it makes sense to keep an eye on PBF, waiting patiently for the trend to reverse in our favor.

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

Two directors of The Bancorp Inc $TBBK revealed purchases of their own stock, totaling $477,376.

In addition to that, former director and top individual shareholder James Ayers reported an acquisition of 4,000 shares of FB Financial Corporation $FBK in its latest Form 4 filing.

GIC Private Ltd's recent 13G filing reveals a significant increase in its stake in New Oriental Education & Technology Group $EDU, from 5.03% to 7.47%.

Singapore's sovereign wealth fund focuses on a long-term, diversified investment strategy across sectors like technology, financials, real estate, and healthcare.

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

Yesterday, director William Fisher of Winnebago Industries $WGO revealed a purchase of $109,620.

Today, the WGO president and CEO reported an acquisition of 2,500 shares.

With the stock falling steadily all year, these small purchases feel more like “vote of confidence” buys than anything. 

Liberty 77 Fund is back on the hunt, snatching up another $3.1 million in Lions Gate Entertainment Corp $LGF shares, according to its latest Form 4 filing.

This is the fifth purchase Liberty 77 has made this month, totaling $14,627,477.

When the big guns step in like this, you know there’s more than just a casual interest.

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

The president and CEO of CoStar Group Inc $CSGP reported an acquisition of 14,731 shares, equivalent to $1,099,966.

It's always a good sign when the CEO buys in. After all, if anyone understands the company's potential, it's the person running it.

There was also insider activity in Atlas Energy Solutions Inc $AESI, Logitech International S.A. $LOGI, and Winnebago Industries $WGO.

Today’s standout insider activity is a Schedule 13G filing from James Flynn's Deerfield Management. The firm just reported a new position in Embecta Corp $EMBC with a 5.33% stake.

Known for its sharp eye on healthcare and biotech, Deerfield goes all in, building a high-conviction, focused portfolio centered on medical innovation. 

The top holdings include Nuvalent $NUVL, Insmed $INSM, and Viatris $VTRS.

In other insider news, Control Empresarial de Capitales SA, led by Mexican billionaire Carlos Slim, reported the acquisition of 487,100 shares of PBF Energy $PBF.

Slim now owns 24,951,498 shares of PBF, giving him a 20.73% stake in the company.

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

Two directors of Norfolk Southern Corporation $NSC filed Form 4s revealing purchases of the railroad stock. The combined amount was just north of half a million dollars.