Insider Buys and Sells Summary for December 13, 2024

This article summarizes the top insider buys and sells from Friday, December 13, 2024, for US stocks.

Top Buys

• TKO Group Holdings, Inc. (NYSE:TKO)
  Significant insider buying occurred as Endeavor Group Holdings, Inc. acquired 355,247 shares of Class A Common Stock between December 11 and December 13, 2024. The purchases, made at prices from $141.98 to $143.95 per share, totaled approximately $48.1 million. This move comes as TKO's stock gained 74% year-to-date, trading near its 52-week high of $145.69. The acquisitions occurred through subsidiaries WME IMG, LLC and Endeavor Operating Company, LLC.

• ADC Therapeutics SA (NYSE:ADCT)
  Significant shareholders Redmile Group, LLC, and RedCo II Master Fund, L.P. acquired a total of 200,000 common shares on December 11, 2024, for about $609,000, at prices ranging from $2.28 to $3.81 per share. Despite a recent 39.6% stock decline, these purchases reflect ongoing interest in the company, which specializes in targeted antibody-drug conjugates for cancer treatment.

• American Strategic Investment Co. (NYSE:NYC)
  Significant shareholder Nicholas Schorsch acquired 2,250 shares of Class A common stock over three consecutive days (December 11-13, 2024) at prices from $8.34 to $8.77 per share, totaling $19,245. Following these purchases, Schorsch holds a total of 914,173 shares indirectly through Bellevue Capital Partners (WA:CPAP), LLC.

Top Sells

• Palantir Technologies Inc. (NYSE:NASDAQ:PLTR)
  President and Secretary Stephen Andrew Cohen sold shares worth approximately $95.9 million between December 11 and 13, 2024, with transaction prices ranging from $68.83 to $75.85. The sales were part of a Rule 10b5-1 trading plan established in September 2024.

• Intuit Inc. (NASDAQ:INTU)
  Executive Vice President and Chief Technology Officer Balazs Alex G. sold part of his holdings on December 12, 2024, for about $15.86 million, at prices ranging from $664.82 to $667.55 per share. Additionally, Alex exercised stock options worth approximately $9.93 million.

• Tempus AI, Inc. (NASDAQ:TEM)
  Director Theodore Leonsis sold 400,000 shares of Class A Common Stock for approximately $16.5 million, executed at prices between $40.73 and $41.60 per share. He also acquired 210,000 shares through stock option exercises at $0.8542 per share.

Investors should monitor insider buys and sells for valuable insights into a company's prospects. While these transactions shouldn't solely dictate investment decisions, they can signal management’s confidence in performance and market trends. It's crucial to consider these in light of other fundamental and technical analysis before investing.

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