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) saw significant insider buying activity, with Endeavor Group Holdings, Inc. acquiring 355,247 shares of Class A Common Stock between December 11 and December 13, 2024. The purchases, made at prices ranging from $141.98 to $143.95 per share, totaled approximately $48.1 million. This move comes as TKO's stock has shown remarkable strength, gaining 74% year-to-date and trading near its 52-week high of $145.69. The acquisitions were made indirectly through subsidiaries WME IMG, LLC and Endeavor Operating Company, LLC.
• ADC Therapeutics SA (NYSE:ADCT) experienced notable insider buying from significant shareholders Redmile Group, LLC, and RedCo II Master Fund, L.P. These entities acquired a total of 200,000 common shares on December 11, 2024, with a total transaction value of approximately $609,000. The shares were purchased at prices ranging from $2.28 to $3.81 per share. Despite the stock's recent volatility and a 39.6% decline over the past week, these purchases reflect continued interest in the pharmaceutical company specializing in targeted antibody-drug conjugates for cancer treatment.
• American Strategic Investment Co. (NYSE:NYC) saw insider buying from significant shareholder Nicholas Schorsch, who acquired 2,250 shares of Class A common stock over three consecutive days. The transactions occurred between December 11 and 13, 2024, with purchase prices ranging from $8.34 to $8.77 per share, totaling $19,245. Following these acquisitions, 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 executed a series of sales involving the company's Class A Common Stock. Between December 11 and 13, 2024, Cohen sold shares worth approximately $95.9 million, with transaction prices ranging from $68.83 to $75.85. These sales were conducted under 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 a significant portion of his holdings on December 12, 2024, amounting to approximately $15.86 million. The sales were conducted at prices ranging from $664.82 to $667.55 per share. Additionally, Alex exercised stock options to acquire shares worth approximately $9.93 million.
• Tempus AI, Inc. (NASDAQ:TEM) director Theodore Leonsis sold 400,000 shares of the company's Class A Common Stock, generating approximately $16.5 million. The sales were executed at prices ranging from $40.73 to $41.60 per share. Leonsis also reported the acquisition of 210,000 shares through the exercise of stock options at a price of $0.8542 per share.
Investors should stay tuned to insider buys and sells 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 and potential market trends. However, it's essential to consider these moves in conjunction with other fundamental and technical analysis factors before making any investment choices.
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