This article summarizes the top insider buys and sells for US stocks on Wednesday, October 16, 2024.
Top Insider Buys:
• Sonida Senior Living, Inc. (NYSE:SNDA) saw significant stock acquisitions by Conversant Capital LLC and affiliated entities. Between October 14 and October 16, 2024, they purchased 34,448 shares of common stock at prices ranging from $22.96 to $25.46 per share, totaling approximately $829,086. The transactions involved Michael Simanovsky, a director and ten percent owner, along with Conversant Capital LLC and its affiliates, who collectively hold a significant stake in the company.
• Gabelli Dividend & Income Trust (NYSE:GDV) director and control person Mario J. Gabelli acquired 2,000 common shares at $24.90 each, for a total transaction value of $49,800. Following this purchase, Gabelli indirectly holds 10,000 shares through GGCP, Inc., directly owns 143,312 shares, and holds 626,000 shares indirectly through Associated Capital Group (NYSE:AC), Inc.
• NuZee, Inc. (NASDAQ:NUZE) saw a substantial acquisition by Jiang Shelei through his company DYT INFO PTE. LTD. Shelei purchased 701,754 shares of common stock at $0.57 per share, totaling approximately $399,999. This transaction increased Shelei's total holdings to 1,496,159 shares, reflecting his indirect 100% ownership of DYT INFO PTE. LTD.
• Zevra Therapeutics, Inc. (NASDAQ:ZVRA) director Corey Michael Watton purchased 500 shares of common stock at $7.9153 each, totaling approximately $3,957. This acquisition increased Watton's direct holdings to 1,500 shares.
• Tile Shop (NASDAQ:TTSH) Holdings, Inc. (NASDAQ:TTSH) reported significant stock purchases by investment entities Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and Pleasant Lake Onshore Feeder Fund LP. They collectively acquired shares valued at $161,936, with prices ranging from $6.5832 to $6.6594 per share.
Top Insider Sells:
• Rubrik, Inc. (NASDAQ:RBRK) Chief Financial Officer Choudary Kiran Kumar sold shares of Class A Common Stock amounting to approximately $1.89 million. The sales occurred on October 14 and 15, 2024, with prices ranging from $39.22 to $40.00 per share, as part of a pre-established Rule 10b5-1 trading plan.
• Varonis Systems Inc. (NASDAQ:VRNS) Vice Chairman of Sales James O'Boyle sold 50,000 shares of common stock at a weighted average price of $59.76, totaling approximately $2.99 million. The transaction was executed under a Rule 10b5-1 trading plan.
• Fortinet , Inc. (NASDAQ:FTNT) President and CEO Ken Xie sold a total of 46,609 shares of common stock over two days, with sale prices ranging from $81.8904 to $82.6344 per share, amounting to approximately $3.8 million.
• Broadcom Inc. (NASDAQ:AVGO) saw two significant insider sales. Charlie B. Kawwas, President of the Semiconductor Solutions Group, sold 15,950 shares at a weighted average price of $181.445 per share, totaling approximately $2.89 million. Additionally, Mark David Brazeal, Chief Legal and Corporate Affairs Officer, sold 18,900 shares at an average price of $181.45 each, amounting to approximately $3.43 million.
Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company's internal perspective. While insider trading activity alone should not be the sole basis for investment decisions, it can be an important factor to consider alongside other financial and market indicators when evaluating potential investment opportunities.
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