This article summarizes the most significant insider buying and selling activities reported for Wednesday, November 6, 2024.
Top Insider Buys:
Dakota Gold Corp. (NYSE:DC): Robert Quartermain, President and CEO of Dakota Gold Corp., acquired 40,000 shares of the company's common stock on November 5 and 6. The purchases were made at prices ranging from $2.28 to $2.47 per share, totaling $95,000. Following these transactions, Quartermain's direct ownership in Dakota Gold increased to 7,542,877 shares. This substantial investment by the company's top executive demonstrates his confidence in Dakota Gold's future prospects.
Clear Channel Outdoor (NYSE:CCO) Holdings, Inc. (NYSE:CCO): Arturo R. Moreno, a significant shareholder in Clear Channel Outdoor Holdings, Inc., purchased 500,000 shares of the company's common stock on November 4 and 5. The transactions occurred at prices between $1.45 and $1.46 per share, representing a total investment of approximately $727,500. Following these acquisitions, Moreno's direct ownership in Clear Channel Outdoor has grown to 52,432,534 shares. This substantial buy-in by a major shareholder underscores continued confidence in the advertising services company based in San Antonio, Texas.
Heartland Express Inc. (NASDAQ:HTLD): Michael J. Gerdin, CEO of Heartland Express Inc., made a significant purchase of the company's common stock. According to an SEC filing, Gerdin acquired a total of 68,284 shares in two separate transactions at prices ranging from $10.9456 to $11.49 per share. The total value of these purchases amounted to approximately $750,245. Following these transactions, Gerdin's direct and indirect ownership of Heartland Express shares increased to over 12.6 million shares, reflecting his ongoing role as a trustee and co-trustee of various trusts associated with the company.
New Mountain Finance Corp (NASDAQ:NMFC): Two executives made substantial purchases of New Mountain Finance Corp shares. Adam B. Weinstein, Executive Vice President, Chief Administrative Officer, and Director, acquired 45,000 shares at an average price of $10.873 per share, totaling approximately $489,284. This increased Weinstein's holdings to 552,534.50 shares. Additionally, Steven B. Klinsky, a director at the company, purchased shares worth approximately $1.86 million over two days, with stock prices ranging from $10.6801 to $10.7964 per share. Klinsky's total holdings in New Mountain Finance Corp now amount to over 3.5 million shares, held across different trusts and family accounts.
Top Insider Sells:
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY): SCA Horus Holdings, LLC, a significant shareholder of Sun Country Airlines Holdings, Inc., sold 4,815,000 shares of common stock at $14.10 per share, totaling approximately $67.9 million. Following this transaction, SCA Horus Holdings retains ownership of 6,346,105 shares. The shares are held indirectly through SCA Horus Holdings, with AP VIII (SCA Stock AIV), LLC as its sole member.
Jefferies Financial Group Inc. (NYSE:JEF): Two top executives at Jefferies Financial Group Inc. made substantial stock sales. Brian Friedman, President of the company, sold 393,397 shares in two separate transactions at prices ranging from $72.00 to $72.56 per share, resulting in a total transaction value of approximately $28.4 million. Richard B. Handler, the CEO, sold 400,000 shares at a weighted average price of $72.26 per share, amounting to approximately $28.9 million.
Utz Brands, Inc. (NYSE:NYSE:UTZ): CC Collier Holdings, LLC reported a significant stock transaction involving the sale of 2,815,404 shares of Class A Common Stock at $17.29 per share, totaling approximately $48.68 million. Following this transaction, CC Collier Holdings now retains 496,038 shares of Utz Brands.
Carvana Co. (NYSE:NYSE:CVNA): Mark W. Jenkins, the Chief Financial Officer of Carvana Co., executed a series of stock transactions. Jenkins sold a total of 163,946 shares of Carvana's Class A common stock at prices ranging from $220.30 to $242.79 per share, amounting to approximately $60.96 million. Additionally, Jenkins exercised stock options to acquire 108,495 shares at prices between $10.07 and $44.21 per share.
Investors should pay close attention to insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can serve as an additional data point when evaluating a stock's potential. It's important to consider these activities alongside other fundamental and technical analyses to make informed investment choices.
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