Friday’s Insider Trading Update: Key Buys and Sells in US Stocks

This article provides an overview of the most notable insider buying and selling activities for U.S. stocks on Sunday, September 29, 2024.

Top Insider Buys:

• BioAge Labs, Inc. witnessed significant insider buying, with Director Pande Vijay Satyanand acquiring 900,000 shares at $18.00 each, totaling $16.2 million. This investment reflects the director’s confidence in the company’s future. Additionally, Director Patrick G. Enright purchased 400,000 shares at the same price, amounting to $7.2 million. Director Healy James also made substantial buys, acquiring 588,888 shares at $18.00 per share, along with smaller purchases, bringing his total investment to over $11.9 million.

• GCT Semiconductor Holding, Inc. saw a major insider purchase from significant shareholder Anapass, Inc., which acquired 741,603 shares at $3.02 each, totaling over $2.2 million. This transaction raised Anapass’s holdings in GCT Semiconductor to 8,017,466 shares, indicating strong confidence in the company’s future.

• Talos Energy Inc. experienced notable buying activity from major shareholder Control Empresarial de Capitales S.A. de C.V. Over two days, the company purchased shares worth around $6 million—beginning with 250,000 shares at a weighted average price of $10.5153, followed by an additional 336,700 shares at a price of $10.1886 the following day.

Top Insider Sells:

• Trade Desk, Inc. President and CEO Jeffrey Terry Green sold a significant quantity of shares over two days, amounting to over $43 million, with sale prices ranging from $108.87 to $111.72. These sales were conducted under a 10b5-1 trading plan.

• Carvana Co. saw major shareholder Ernest Garcia II divest a substantial portion of his holdings over two days, with total sales exceeding $33 million at prices from $166.54 to $173.14.

• Western Digital Corp. CEO David Goeckeler sold 75,000 shares at $70.32 each, totaling approximately $5.27 million, under a pre-arranged trading plan.

• Signet Jewelers Ltd CEO Virginia Drosos sold shares worth over $5 million over two days, involving the sale of 50,000 shares at weighted average prices of $101.6743 and $101.7502.

• Seagate Technology Holdings plc CEO William D. Mosley sold 141,785 ordinary shares at a weighted average price of $110.1755, totaling about $15.6 million, executed under a Rule 10b5-1 trading plan.

Investors should monitor insider buying and selling trends, as these can provide valuable insights into potential future company performance. While such transactions should not solely guide investment decisions, they can offer context when combined with other forms of analysis. It’s essential to consider that insiders may have various motivations for their transactions, which should be viewed as part of a broader investment strategy.