Charter Communication Inc – (CHTR, +1, Feb 2nd) Steven Miron (Director since 2016) purchased 2,500 shares on January 31st at $384, spending $961,000 and increasing his holdings to 9,173 shares. Despite his 6+ year tenure on this board as well as a 9 year tenure on the board of Warner Bros Discovery (WBD), this is […]
PNC Financial Services Group Inc – (PNC, +1, Jan 25th) William Demchak (Chairman & CEO since 2014, joined company as CFO in 2002) purchased 6,550 shares on January 20th at $153.38, spending $1,004,639. The trade is both his first purchase since 2009 (which was well-timed) and also a reversal from a sale at a similar […]
EOG Resources Inc – (EOG, +1, January 18th) Michael Kerr (Non Executive since 2020) purchased $2.6 million of stock on the 12th January at $130.49, increasing his stake by 12%. His only previous purchase was for $4.3m of stock in November 2021 at $86 which we ranked +N reflecting his likely long history following the […]
We did not rank any new stocks this week and therefore are using an upgrade from January 5th, Lovesac (LOVE +N) for the stock of the week. Note that a month ago we downgraded RH (RH -N on Dec. 9th), a much larger and more established competitor but both stocks have had >-60% declines from […]
Merrimack Pharmaceutical Inc – (MACK, +1, January 4th) Eric Andersen (Non-Executive since 2019) bought $2.8 million of stock on the 30th of December at $10.67, increasing his stake by 20%. The purchases were indirect and on behalf of Western Standard, they now own 11.4% of the outstanding shares. They made a series of purchases into […]
Harrow Health Inc – (HROW, +1, Dec 23rd) Four insiders bought a total of $725,000 of stock on the 21-22nd December at approx $13.40. Most notably Mark Baum (CEO since 2012, founder) bought $325,000 increasing his stake by 2% in his first clean purchase on record despite a long tenure and Martin Makary (Non-Executive since […]
FB Financial Corp – (FBK, +1, December 20th) – Raja Jubran (Non-Executive since 2019) purchased $200,000 of stock on the 15th December at $34.99, increasing his stake by 33%, his last purchase was for a similar amount at $21.88 in April 2020 and it’s encouraging to see him now buying stock at this much higher […]
Veronis Systems Inc – (VRNS, +1, December 13th) Guy Melamed (CFO and COO since 2017) purchased $500,000 worth of stock on December 8th at $20.50, increasing his holdings by 5% to 490,351 shares. Despite a five-year tenure this is only his second purchase, following a $250,000 purchase in early November at $17.50. We ranked this […]
Enviva Inc – (EVA, +1, Dec 5th) Jeffrey Ubben (Director since 2020) purchased 228,697 shares, $12.5 million worth of stock on December 2nd at $54.78, increasing his holdings to 5.8m shares (8% of the company). The purchase is indirect for Inclusive Capital and follows purchases of $15.3 million in October at $50.64. This is now […]
Fastenal Co (FAST, +1, December 2nd) Jeffery Watts (EVP– International Sales since 2015, joined 2004) purchased 5,940 shares on November 29th at $50.58, spending $300,000 in his first reported open market purchase. This is a reversal from option sales he made in 2021 around this price level. We ranked this stock +N on September 16th […]
