Thursday’s Insider Trading Activity: Key Buys and Sells in US Stocks

This article presents a summary of notable insider buying and selling activities for US stocks reported on Thursday, October 3, 2024.

Top Insider Buys:

• Appian Corp: Abdiel Capital Advisors, LP and its affiliated funds increased their stake in Appian Corp by purchasing shares at an average price of $33.75. The total investment was approximately $346,443, reflecting the firm’s confidence in Appian’s future prospects in the software sector.

• BioAge Labs, Inc.: Director Vijay Satyanand Pande significantly boosted his stake in the company, acquiring $4.3 million worth of common stock over three days, from October 1st to October 3rd, with share prices between $19.73 and $19.90. Pande’s substantial investment indicates strong confidence in the biotech firm’s potential.

• New Fortress Energy Inc.: CEO Wesley R. Edens made a major investment of around $50 million in company stock. He purchased 5,793,742 shares at $8.63 per share as part of an underwritten public offering. Post-transaction, Edens’s beneficial ownership rose to 35,721,915 shares, held indirectly through Edens Family Partners LLC.

• Vivani Medical, Inc.: Chief Business Officer Donald Dwyer acquired additional shares over a three-day period, purchasing a total of 2,500 common shares priced between $1.13 and $1.14. The total investment amounted to $2,835, representing a direct commitment to the company.

Top Insider Sells:

• Korn Ferry: CEO Gary D. Burnison sold a substantial portion of his shares, totaling 99,000 common shares over three days, which generated over $7.3 million. The sales occurred at prices ranging from $72.16 to $74.05 per share.

• Apple Inc.: CEO Timothy Cook sold a significant amount of company stock, exceeding $50 million, through multiple transactions of 171,046 shares at prices from $223.75 to $226.57. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.

• Chief Operating Officer Jeffrey E. Williams of Apple Inc. sold 57,730 shares, totaling over $13.5 million, over two days, at prices ranging from $226.80 to $227.22, also as part of a pre-arranged Rule 10b5-1 trading plan.

• Senior Vice President, General Counsel, and Secretary Katherine L. Adams sold shares valued at over $13 million over two days, with prices varying from $223.79 to $227.24 per share.

• Senior Vice President Deirdre O’Brien sold 61,019 shares worth over $13 million on October 2, 2024, with sale prices between $226.72 and $227.13, executed under a Rule 10b5-1 trading plan.

Investors should monitor insider buying and selling activities, as they can provide valuable insights into a company’s internal view. While these transactions should not be the sole basis for investment decisions, they can add context when coupled with other financial analysis and market research. It’s important to recognize that insiders may have various motivations for buying or selling shares, and these activities should be considered as part of a broader investment strategy.

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