Insider Buying and Selling Activity Summary for October 25, 2024

This article summarizes the most significant insider buying and selling activities for US stocks reported on Friday, October 25, 2024.

Top Insider Buys:

• PBF Energy Inc. (NYSE:PBF): Control Empresarial de Capitales S.A. de C.V. increased its position in PBF Energy, purchasing 487,100 shares over two days at weighted average prices between $31.7629 and $31.9071 per share. The total buying amounted to approximately $15.5 million, raising their stake to 24,951,498 shares (21.3% of outstanding Class A Common Shares).

• Sonida Senior Living, Inc. (NYSE:SNDA): Conversant Capital LLC and affiliates acquired approximately $3.15 million worth of shares, totaling 127,218 shares at $24.75 each, disclosed in a Form 4 filing dated October 23, 2024.

• Ingram Micro Holding Corp (NASDAQ:INGM): Directors and executives made substantial stock purchases, including:

  • Director Alain Monie: 227,000 shares at $22/share (~$4.99 million).
  • CFO Michael Zilis: 28,250 shares at $22/share (~$621,500).
  • CEO Paul D. Bay: 45,500 shares at $22/share (~$1,001,000).

Top Insider Sells:

• Wyndham Hotels & Resorts, Inc. (NYSE:WH): Director Stephen Holmes sold 80,000 shares on October 25, 2024, at prices between $90.75 and $91.32, totaling approximately $7.28 million while retaining 365,371 shares.

• Roblox Corp (NYSE:RBLX): CEO David Baszucki sold 166,668 shares at an average of $42.15/share for about $10.19 million, also exercising options to acquire the same number of shares at $0.53 each.

• Carvana Co. (NYSE:CVNA): Significant shareholder Ernest C. Garcia II sold 143,020 shares on October 23 and 24, generating around $39.65 million from sales priced between $194.91 to $202.81.

• Philip Morris International Inc. (NYSE:PM): Chairman Andre Calantzopoulos sold 101,918 shares on October 23, 2024, at an average price of $129.85, totaling approximately $13.2 million.

Investors should stay informed about 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 serve as crucial indicators alongside other financial and market data.

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