$DRVN

Insider Buying Week 6-02-23 Animal Spirits Return

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Animal spirits returned in force last week. The average insider returned 7.96% and a median return of 6.61%. The S&P 500 scorched 3.97%. The safe money crowd collecting their guaranteed 4%-5% is near the half-year point. They’ve earned a little less than their guaranteed 2%. That’s 2% for the year to date when the market just turned in twice that for a week. Fear of missing out, FOMO, is a dangerous thing.  One way to avoid that investment mistake is to pay attention to what insiders are doing. Normally they don’t chase their stocks in a FOMO moment. They are … Read more

$DRIV Driven Brands – time to reload

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Insiders and hedge fund billionaires like Driven Brands. Driven Brands manages a family of automotive companies including MAACO, Meineke Car Care Centers, Merlin 200,000 Mile Shops, Pro Oil Change, Econo Lube & Tune, AutoQual, Aero-Colours, and Drive N Style. Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and 2 countries.  It’s a decent back-to-work play and reopening the economy but that’s probably not why insiders are buying it. Driven Brands DRVN just went public at $21 with a market cap of    Roark Capital, a private equity firm, bought Driven Brands … Read more

Insiders buy Intel $INTC Fakeout or Fade?

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For trade details click on this link to the trades Rideshare Rental Inc. up 42.61% Allied Esports Entertainment Inc. up 25.63% STEEL PARTNERS HOLDINGS L.P. up 21.51% FUELCELL ENERGY INC up 15.40% PIMCO Dynamic Income Opportunities Fund up 1.65% INTEL CORP up 0.31% PIMCO Flexible Municipal Income Fund up 0.09% B. Riley Financial Inc. down -0.68% TEMPLETON GLOBAL INCOME FUND down 0.71% TELEDYNE TECHNOLOGIES INC down 2.47% LANDEC CORP down -2.91% Driven Brands Holdings Inc. down -5.67%   Rideshare Rental Inc. 10% owner, John Gray bought 412,040 shares at $1.54.  Not a bad week for Mr. Gray, up on paper … Read more