This article summarizes the most significant insider buys and sells reported on Thursday for US stocks.
Top Insider Buys:
JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE:JELD) saw a substantial increase in ownership by Turtle Creek Asset Management Inc. Between November 5 and 7, the firm acquired 1,030,000 shares of JELD-WEN’s common stock, with a total purchase value of approximately $10.4 million. The shares were bought at weighted average prices ranging from $10.0586 to $10.7066 per share, spread across several funds managed by Turtle Creek.
Red Robin Gourmet (NASDAQ:RRGB) Burgers Inc (NASDAQ:RRGB) reported significant insider buying from Jumana Capital Investments LLC and Christopher R. Martin. On November 5 and 7, they acquired a total of 45,250 shares at prices between $5.1834 and $5.99 per share, totaling approximately $234,750. Following these transactions, Jumana Capital now holds 814,452 shares in the company, with Mr. Martin potentially deemed to beneficially own these shares as the manager.
Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) saw insider buying from portfolio manager Michael S. Hamilton. On November 7, Hamilton purchased 265 shares at $11.3541 per share, for a total transaction value of $3,008. This acquisition brings Hamilton’s total holdings in a joint account to 2,676 shares.
Verona Pharma plc (NASDAQ:VRNA) reported two insider purchases. Director David R. Ebsworth acquired 39,360 ordinary shares at $4.7988 each, totaling approximately $188,880. Additionally, director Christina Ackermann purchased 41,880 ordinary shares at $4.737 each, amounting to $198,385. These acquisitions come on the heels of Verona Pharma’s strong third-quarter financial results, with top-line revenue reaching $5.6 million.
Top Insider Sells:
Agrify Corp (NASDAQ:AGFY) saw significant insider selling from two major shareholders. Raymond (NS:RYMD) Nobu Chang sold his entire stake in the company, amounting to $18.28 million, on November 5. Similarly, I-Tseng Jenny Chan divested her entire holdings in Agrify for $18.28 million on the same day. Both transactions involved the sale of non-derivative and derivative securities.
Impinj Inc . (NASDAQ:PI) reported substantial selling by Sylebra Capital LLC. Over three consecutive days from November 5 to 7, the firm sold 431,153 shares of Impinj’s common stock, worth over $85 million. The sales were executed at average prices ranging from $196.58 to $201.78 per share.
Palantir Technologies Inc . (NYSE:NYSE:PLTR) CEO Alexander Karp sold a significant amount of company stock over three consecutive days. From November 5 to 7, Karp sold a total of 12,544,707 shares under a preexisting Rule 10b5-1 trading plan, with transaction values totaling approximately $650.6 million.
Eaton Corp plc (NYSE:NYSE:ETN) CEO Craig Arnold divested 61,569 ordinary shares on November 6. The shares were sold at prices ranging from $358.90 to $362.19, amounting to a total transaction value of approximately $22.2 million. Following these transactions, Arnold retains ownership of 506,360 shares directly and 186 shares indirectly.
Investors should stay tuned to insider trading activities as they can provide valuable insights into a company’s prospects. While insider buying often signals confidence in the company’s future, insider selling may have various motivations and doesn’t necessarily indicate negative sentiment. It’s essential to consider these transactions alongside other fundamental and technical analysis when making investment decisions.
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