Monday’s Top Buys and Sells in US Stocks

This article highlights the most noteworthy insider buying and selling activities for U.S. stocks reported on Monday, September 23, 2024.

Top Insider Buys:

• Sable Offshore Corp.: Pilgrim Global ICAV, a major shareholder, acquired 750,000 shares for $20.00 each, totaling $15 million. This purchase raised Pilgrim Global ICAV’s direct holdings to 8,791,001 shares. The filing indicates that these securities may also be indirectly owned by Pilgrim Global Advisors LLC, the investment manager for Pilgrim Global ICAV.

• Couchbase, Inc.: Director Edward T. Anderson bought 21,080 shares at an average price of $14.16, investing nearly $298,484. These transactions occurred at prices ranging from $14.08 to $14.20 per share on September 19, 2024.

• Codexis, Inc.: Opaleye Management Inc., another significant shareholder, purchased shares worth over $3.3 million at prices ranging from $2.9441 to $3.01 on September 20 and 23, 2024, reflecting the firm’s ongoing commitment to this leader in industrial organic chemicals.

• Americas Carmart Inc.: Magnolia Capital Fund, LP bought 813,953 shares at $43.00 each, equating to approximately $35 million. This acquisition was part of an underwritten public offering by Americas Carmart on September 19, 2024.

Top Insider Sells:

• Carvana Co.: Paul W. Breaux, Vice President, General Counsel, and Secretary, sold 15,000 shares at $173.00 each, generating about $2.6 million. The sale was made under a prearranged 10b5-1 trading plan on September 20, 2024.

• Carvana Co.: Ernest Garcia II, a significant shareholder, sold shares totaling over $34 million across September 19 and 20, 2024, with prices ranging from $165.9938 to $176.1125, also under a pre-arranged trading plan.

• Meta Platforms, Inc.: Chief Product Officer Christopher K. Cox sold 20,000 shares at prices between $555.00 and $560.25, totaling approximately $11,150,486. These transactions were executed on September 19, 2024, in accordance with a pre-arranged Rule 10b5-1 trading plan.

• Dell Technologies Inc.: CEO Michael S. Dell sold shares exceeding $1.17 billion from September 19 to 23, 2024, through multiple transactions priced between $115.80 and $118.52.

• Nvidia Corp.: Director Coxe Tench sold shares worth over $235 million over two days, with prices ranging from $116.2665 to $119.2664 per share.

Investors should closely monitor insider buying and selling activities, as they can provide valuable insights into a company’s potential future performance. While insider transactions should not be the sole basis for investment decisions, they can enhance context when combined with other fundamental and technical analyses. It’s also essential to note that insiders may have various motivations for buying or selling shares, and their actions do not always indicate the future direction of stock prices.

This article was generated with the assistance of AI and reviewed by an editor.