This article summarizes the most significant insider buys and sells from Thursday's trading session for US-listed companies.
Top Insider Buys:
Tectonic Therapeutic, Inc. (NASDAQ:TECX) saw substantial insider buying activity as director Timothy A. Springer increased his stake in the company with a series of stock purchases totaling over $1.4 million. On September 26, Springer acquired shares at prices ranging from $28.16 to $30.87, demonstrating strong confidence in the biotechnology firm. The transactions included 24,531 shares at a weighted average price of $28.16, 18,999 shares at $29.13, 4,070 shares at $30.10, and 2,400 shares at $30.87. Following these purchases, Springer's total ownership in Tectonic Therapeutic now stands at 3,796,764 shares.
PBF Energy Inc. (NYSE:PBF) experienced significant insider buying from Control Empresarial de Capitales S.A. de C.V., a major shareholder. The investment firm acquired $6 million worth of PBF Energy shares over two separate transactions on September 24 and 25. The purchases were made at prices ranging from $30.9256 to $31.7861, further increasing the firm's already substantial stake in the petroleum refining company. Following these acquisitions, Control Empresarial de Capitales now holds over 23 million shares of PBF Energy.
Top Insider Sells:
Roivant Sciences Ltd. (NASDAQ:ROIV) experienced significant insider selling activity from two sources. First, QVT Financial LP, an investment firm, sold a substantial number of shares over two consecutive days, with a total value surpassing $10 million. On the first day, QVT Financial LP sold 50,000 shares at $11.77 each, followed by 876,000 shares at $11.82 per share the next day. Additionally, director Daniel Allen Gold sold a significant portion of his holdings, totaling over $51 million. The sales occurred between September 24 and September 26, with prices ranging from $11.625 to $11.82 per share.
Palantir Technologies Inc . (NYSE:NYSE:PLTR) co-founder and board member Peter Thiel executed a series of large stock sales, divesting over $597 million worth of the company's shares. These transactions occurred over several days, with prices per share ranging between $36.7702 and $37.6466. Thiel sold a total of 16,178,415 shares across multiple transactions from September 24 to September 26.
Broadcom Inc. (NASDAQ:AVGO) President and CEO Hock E. Tan sold a significant portion of his holdings in the company. On September 24, 2024, Tan sold 150,000 shares of Broadcom common stock at a price of $172.94 per share, totaling over $25.9 million. Following the sale, he directly owns 1,181,910 shares held in a trust and has indirect ownership of 107,530 shares.
Adobe Inc. (NASDAQ:ADBE) CEO Shantanu Narayen sold a significant amount of company stock, with transactions totaling over $13 million. The sales occurred on September 25, with prices per share ranging from $520.25 to $525.6993. The transactions were executed indirectly by The Narayen Family Trust, for which Narayen serves as a trustee.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider purchases often signal confidence in a company's future, sales may occur for various reasons and don't necessarily indicate negative sentiment. It's essential to consider these transactions alongside other fundamental and technical analysis when making investment decisions.
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