This article summarizes the top insider buys and sells for US stocks on Monday, October 21, 2024.
Top Insider Buys:
Advent Convertible & Income Fund (NYSE:AVK): Several trustees and officers of Advent Convertible & Income Fund made significant purchases of the company's common stock on October 17, 2024, as part of a rights offering:
- Gerald L. Seizert acquired 1,226 shares at $11.28 per share, totaling approximately $13,840. The purchases were made under various trusts and accounts.
- Nancy E. Stuebe purchased 1,576 shares at $11.28 each, totaling $17,777, increasing her total holdings to 6,353.261 shares.
- Ronald Nyberg acquired 3,671 shares at $11.28 per share, amounting to a total transaction value of $41,408, increasing his direct holdings to 14,657 shares.
- Tracy V. Maitland, Chairman, President, and CEO, purchased 13,179 shares at $11.28 each, totaling $148,659, increasing his direct ownership to 52,717 shares.
Top Insider Sells:
nCino, Inc. (NASDAQ:NCNO): Several significant shareholders of nCino, Inc. reported substantial sales of the company's common stock on October 18, 2024:
- Jeff Horing, a director and significant shareholder, sold 1,833,975 shares at prices ranging from $36.50 to $36.65 per share, totaling approximately $67.17 million.
- Insight Holdings Group, LLC reported multiple sales totaling 1,756,975 shares at prices ranging from $36.50 to $36.65 per share, amounting to approximately $67.1 million across various affiliated entities.
Carvana Co. (NYSE:CVNA): Ernest C. Garcia II, a significant shareholder of Carvana Co., sold shares worth approximately $38.38 million on October 17 and 18, 2024. The transactions were executed at weighted average prices ranging from $189.30 to $196.07 per share under a pre-established Rule 10b5-1 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 sole basis for investment decisions, they can offer additional context when combined with other fundamental and technical analysis.
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