This article summarizes the most significant insider buys and sells reported on Wednesday for US stocks.
Top Buys:
TKO Group Holdings, Inc. (NYSE:TKO) saw substantial insider purchases from multiple parties. Silver Lake, a private equity firm, acquired approximately $77.4 million worth of TKO’s Class A Common Stock over two days. The purchases were made at prices ranging from $143.35 to $148.97 per share. Endeavor Group Holdings, Inc., through its subsidiary Endeavor Operating Company, LLC, also acquired 518,400 shares of TKO, totaling about $77.4 million. Additionally, Emanuel Ariel, TKO’s Chief Executive Officer, made a significant purchase of approximately $77.4 million in TKO stock. These purchases come as TKO’s stock has delivered an impressive 80.5% return year-to-date and is trading near its 52-week high.
STAAR Surgical Co. (NASDAQ:) saw Broadwood Partners, L.P., a significant stakeholder, acquire additional shares totaling approximately $1,947,539. The purchases were made over several days, with prices ranging from $23.73 to $24.89 per share. This acquisition comes as STAAR Surgical trades near its 52-week low of $23.72, significantly below its 52-week high of $52.68.
ConocoPhillips (NYSE:NYSE:) director R.A. Walker made a notable purchase of 10,400 shares at an average price of $97.8039 per share, totaling approximately $1.02 million. This acquisition increased Walker’s direct ownership to 38,000 shares, with an additional 6,900 shares held indirectly through a limited liability partnership.
Top Sells:
Lemonade, Inc. (NYSE:LMND) saw major shareholder SoftBank (TYO:) Group Capital Ltd sell a significant portion of its holdings. The firm sold 1,309,106 shares over two days, at prices ranging from $43.31 to $46.39 per share, amounting to a total sale value of approximately $56 million. This sale comes as Lemonade’s stock has surged over 165% in the past six months.
Meta Platforms Inc. (NASDAQ:) CEO Mark Zuckerberg reported multiple sales of Meta stock totaling approximately $50 million over three days. The sales were executed at prices ranging from $600.819 to $631.26 per share, as part of a pre-established trading plan. These transactions come as Meta trades near its 52-week high of $638.40, having delivered a 75.67% return year-to-date.
Reddit, Inc. (NASDAQ:RDDT) Chief Operating Officer Jennifer L. Wong sold 32,333 shares of the company’s Class A Common Stock, amounting to approximately $5.87 million. The sales were executed at prices ranging from $166.74 to $179.80 per share, under a prearranged trading plan.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider transactions alone should not be the basis for investment decisions, they can offer additional context when combined with other fundamental and technical analysis. It’s important to consider the overall market conditions, company performance, and individual circumstances of the insiders when interpreting these transactions.
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