This article summarizes the most significant insider buying and selling activities for US stocks reported on Tuesday, November 26, 2024.
Top Insider Buys:
• Blue Dolphin Energy Co. (NASDAQ:BDCO): Jonathan Carroll, CEO and President of Blue Dolphin Energy Co., increased his stake in the company by purchasing 7,000 shares of common stock over two days. The total transaction value was $23,155, with share prices ranging from $3.29 to $3.34. Following these acquisitions, Carroll directly owns 4,049,279 shares and indirectly holds 8,426,456 shares through Lazarus Energy Holdings, LLC.
• Alset Inc. (NASDAQ:HWH): Alset Inc. made a substantial purchase of 4,411,764 shares in HWH International Inc. for approximately $2.99 million. The shares were acquired at $0.68 each, increasing Alset Inc.'s beneficial ownership in HWH International to 23,676,456 shares. This transaction was executed on November 25, 2024, under a Stock Purchase Agreement between the two companies.
• CVR Partners, LP (NYSE:UAN): Carl Icahn, through IEP Energy Holding LLC, increased his stake in CVR Partners by acquiring common units valued at approximately $1.8 million. The purchases occurred over three days, from November 22 to November 26, at prices ranging from $70.72 to $72.36 per share. Following these transactions, Icahn's holdings in CVR Partners increased to 141,844 shares.
• Global Partners LP (NYSE:NYSE:GLP): Global GP LLC, the general partner of Global Partners LP, purchased 5,000 common units valued at approximately $263,300. The transaction took place on November 25, at a weighted average price of $52.66 per unit. This acquisition was made to fulfill obligations under the Global Partners LP Long-Term Incentive Plan, bringing Global GP LLC's total holdings to 298,307 common units.
• Nerdy Inc. (NYSE:NRDY): Charles K. Cohn, CEO of Nerdy Inc., acquired 421,796 shares of Class A Common Stock at a weighted average price of $1.40 per share, totaling approximately $590,514. Following this transaction, Cohn's holdings include shares across various trusts and personal accounts, with a significant portion representing Restricted Stock Units subject to vesting conditions.
Top Insider Sells:
• MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI): Susan Ocampo, a director and significant shareholder, sold shares valued at approximately $32.3 million. The transactions were executed over three days at prices ranging from $133.15 to $137.18 per share. Following these sales, Ocampo retains 6,313,193 shares indirectly through the Ocampo Family Trust and additional shares in trusts for her children.
• Fox Corp (NASDAQ:FOXA) (NASDAQ:FOX): Keith Rupert Murdoch, Chairman Emeritus, sold 957,895 shares of Fox Corp Class A common stock, generating approximately $44.2 million. The sales occurred at prices ranging from $46.07 to $46.22 per share. Murdoch also exercised stock options, acquiring shares at prices between $26.12 and $40.26, with a total value of $32.9 million.
• Charles Schwab Corp (BVMF:SCHW34) (NYSE:SCHW): Nigel J. Murtagh, Chief Risk Officer, sold 12,739 shares of common stock at an average price of $81.1659, resulting in a total transaction value of approximately $1,033,972. Following the sale, Murtagh retains direct ownership of 59,091 shares and 2,042 shares indirectly through an Employee Stock Purchase Plan.
• Deckers Outdoor Corp (NYSE:NYSE:DECK): David Powers, a director, sold 31,000 shares valued at approximately $6.13 million. The shares were sold in a series of transactions at prices ranging from $191.05 to $192.61 per share. These shares were part of a charitable remainder trust, which Powers no longer holds following the sales.
• Astera Labs, Inc. (NASDAQ:ALAB): Stefan Dyckerhoff, a director, sold shares totaling approximately $4.85 million at prices ranging from $104.9147 to $107.1698 per share. Following these transactions, Dyckerhoff retains ownership of 364,064 shares through a trust, along with additional shares held in various irrevocable trusts and a limited partnership.
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 clues about management's confidence in the company's future performance or potential concerns. It's important to consider these activities alongside other fundamental and technical analysis when evaluating investment opportunities.
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