🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Friday's Insider Trading Activity: Top Buys and Sells in US Stocks

EditorFrank DeMatteo
Published 09/30/2024, 09:24 AM
© Reuters.

This article summarizes the most significant insider buys and sells from Sunday, September 29, 2024, for US stocks.

Top Insider Buys:

• BioAge Labs, Inc. (NYSE:BIOA) saw substantial insider buying activity. Director Pande Vijay Satyanand acquired 900,000 shares at $18.0 per share, totaling $16.2 million. This significant investment demonstrates the director's confidence in the pharmaceutical company's future prospects. Additionally, director Patrick G. Enright purchased 400,000 shares at $18.0 per share, amounting to $7.2 million. Director Healy James also made a notable investment, acquiring 588,888 shares at $18.0 per share, along with several smaller purchases, totaling over $11.9 million.

• GCT Semiconductor Holding, Inc. (NASDAQ:GCTS) experienced a large insider purchase from significant shareholder Anapass, Inc. The company acquired 741,603 shares at $3.02 per share, totaling over $2.2 million. This transaction increased Anapass's stake in GCT Semiconductor to 8,017,466 shares, signaling strong confidence in the semiconductor company's future.

Talos Energy Inc. (NYSE:TALO) saw substantial buying from major shareholder Control Empresarial de Capitales S.A. de C.V. Over two consecutive days, the company purchased shares worth approximately $6 million. The first day's transaction involved 250,000 shares at a weighted average price of $10.5153, followed by an additional 336,700 shares at a weighted average price of $10.1886 the next day.

Top Insider Sells:

• Trade Desk, Inc. (NASDAQ:TTD) President and CEO Jeffrey Terry Green sold a significant portion of his company stock over two days. The transactions totaled over $43 million, with shares sold at prices ranging from $108.87 to $111.72. These sales were executed under a 10b5-1 trading plan.

Carvana Co. (NYSE:NYSE:CVNA) saw major shareholder Ernest Garcia II sell a substantial portion of his holdings over two days. The total value of the shares sold exceeded $33 million, with sale prices ranging from $166.54 to $173.14.

Western Digital Corp's (NASDAQ:WDC) CEO David Goeckeler sold 75,000 shares at $70.32 per share, amounting to approximately $5.27 million. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan.

• Signet Jewelers Ltd (NYSE:NYSE:SIG) CEO Virginia Drosos sold shares totaling over $5 million over two days. The transactions involved 50,000 shares sold at weighted average prices of $101.6743 and $101.7502.

• Seagate Technology Holdings plc (NASDAQ:STX) CEO William D. Mosley sold 141,785 ordinary shares at a weighted average price of $110.1755 per share, totaling approximately $15.6 million. This sale was executed under a Rule 10b5-1 trading plan.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's potential future performance. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other fundamental and technical analysis. It's important to remember that insiders may have various reasons for buying or selling shares, and these transactions should be considered as part of a broader investment strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.