Tuesday's Insider Trades: Major Buys and Sells in US Stocks Revealed

investing.com 06/11/2024 - 14:44 PM

Top Insider Buys and Sells – November 5, 2024

Top Insider Buys

  • PBF Energy Inc. (NYSE:PBF): Major shareholder Control Empresarial de Capitales S.A. de C.V. acquired 150,000 shares of Class A common stock on November 1, 2024, at a weighted average price of $28.66 per share, totaling approximately $4.3 million. This increased their holdings to 26,112,498 shares, representing about 22.7% of PBF Energy's outstanding Class A shares.

  • Herbalife Ltd. (NYSE:HLF): Director Juan Miguel Mendoza purchased 5,000 shares of common stock on November 4 and 5, for a total investment of $39,950. He now owns 125,000 shares.

  • Bristol Myers Squibb Co. (NYSE:BMY): Samit Hirawat, Executive VP and Chief Medical Officer, bought 1,830 shares at an average price of $54.675 on November 1, totaling approximately $100,055, increasing his ownership to 62,109 shares.

  • UMB Financial Corp (NASDAQ:UMBF): Director Greg Graves acquired 257.6186 shares at $109.29 each on November 1, for a total of $28,155. He now holds 36,244.3806 shares in total.

  • WillScot Holdings Corp (NASDAQ:WSC): CEO Bradley Soultz purchased 5,000 shares at $36.38 each, totaling $181,900, raising his total ownership to 144,686 shares. He also transferred 5,000 shares to the Ellen M. Soultz Irrevocable Trust without financial consideration.

Top Insider Sells

  • Tesla Inc. (NASDAQ:TSLA): Kimbal Musk sold 63,385 shares on November 1, generating approximately $15.1 million, with prices between $247.318 and $253.78 per share. He retains 1,563,220 shares.

  • Confluent, Inc. (NASDAQ:CFLT): CMO Stephanie Buscemi sold 164,123 shares at an average price of $26.24, generating approximately $4.31 million. After the sale, she holds 149,644 shares.

  • Impinj Inc. (NASDAQ:PI): Sylebra Capital LLC sold a total of 118,043 shares on November 1 and 4, at prices from $195.0 to $195.432, totaling around $23 million. They now own 2,903,505 shares indirectly.

  • Reddit, Inc. (NASDAQ:RDDT): Director Michael Seibel sold shares worth approximately $9.1 million on November 1, with transactions ranging from $111.22 to $112.09. He retains 5,128 shares.

  • Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY): Director Antonio Gracias sold 4.6 million shares for about $139.4 million at $30.3025 each, retaining 6,618,033 shares with associated entities.

Investors should monitor insider activity as it may indicate confidence in a company's future. However, insider transactions should complement other analyses considering market conditions and specific company factors.

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