This article summarizes the most significant insider buy and sell transactions reported for US stocks on Tuesday, November 19, 2024.
Top Insider Buys:
374Water Inc. (NASDAQ:SCWO): Marc Deshusses, a director and significant shareholder of 374Water Inc., made a substantial investment in the company. Deshusses purchased 32,000 shares of common stock at $1.25 per share, totaling $40,000. Additionally, he acquired warrants to buy 48,000 more shares at $1.125 per share, expiring on November 17, 2029. This transaction increased Deshusses' direct holdings to 22,652,451 shares, further solidifying his substantial stake in the company.
374Water Inc. (NASDAQ:SCWO): James Michael Vanderhider, a director at 374Water Inc., also made significant acquisitions. Vanderhider bought 250,000 shares of common stock at $1.25 per share, investing $312,500. He also secured warrants to purchase 375,000 shares at the same price. These transactions brought his total ownership to 1,420,000 shares, with the warrants held through Aspen View LP, where Vanderhider has sole voting and dispositive power. It's worth noting that 374Water Inc. recently raised approximately $12.2 million through a registered direct offering of shares and warrants.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT): Harjinder Bajwa, the Chief Operating Officer of Ultra Clean Holdings, Inc., acquired 10,000 shares of common stock on November 15, 2024. The shares were purchased at prices ranging from $33.50 to $34.00 per share, totaling $337,500. Following these transactions, Bajwa now holds 54,291 shares in the company, demonstrating his confidence in Ultra Clean Holdings' future prospects.
WK Kellogg (NYSE:K) Co (NYSE:KLG): Director Gund G. Zachary reported the acquisition of 55,000 shares of common stock on November 15, valued at approximately $946,082. The shares were purchased at an average price of $17.2015 per share. This transaction increased Gund's total holdings to 250,000 shares held indirectly in a trust for family members, along with various other stakes in the company.
Top Insider Sells:
Ares Management Corp (NYSE:NYSE:ARES): Michael J. Arougheti, Co-Founder, CEO, and President of Ares Management Corp, sold shares worth approximately $9.49 million. The transactions involved multiple sales of Class A Common Stock over several days, with prices ranging from $166.75 to $170.10 per share.
Ares Management Corp (NYSE:ARES): Bennett Rosenthal, Co-Founder and Chairman of the Private Equity Group, sold 43,329 shares at prices ranging from $166.71 to $170.11 per share, totaling approximately $9.49 million. These sales were conducted under a pre-established 10b5-1 trading plan.
Ares Management Corp (NYSE:ARES): David Kaplan, Co-Founder and director, sold shares of Class A Common Stock totaling approximately $9.34 million. The sales occurred over multiple transactions with prices ranging from $166.72 to $170.12 per share.
Reddit, Inc. (NASDAQ:RDDT): Steve Huffman, CEO and President of Reddit, Inc., sold 125,221 shares of Class A Common Stock, amounting to approximately $15.68 million. The sales were conducted at prices ranging from $123.80 to $131.36 per share as part of a pre-established 10b5-1 trading plan.
Tesla, Inc. (NASDAQ:TSLA): Robyn Denholm, Chair of Tesla, Inc., sold shares valued at approximately $35.3 million. The sales were executed at prices ranging from $310.052 to $320.003 per share as part of a pre-established 10b5-1 trading plan.
Investors should stay informed about insider trading activities as they can provide valuable insights into a company's internal perspective. While insider buys may signal confidence in a company's future prospects, insider sells can occur for various reasons and don't necessarily indicate negative sentiment. It's essential to consider these transactions as part of a broader analysis of a company's financial health and market position.
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