GTE

Insider Buying Week 09-27-24 Is Inhibrx Biosciences another Biohaven? Insiders Seem to think so

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The bulletproof market stumbles on; not escalating war in the Middle East or a tumultuous Presidential election in the U.S. seems to faze it. Insiders are mainly sitting this one out, whether it’s the priciness of the market or the quarterly earnings blackout window; insiders are on the sidelines except when it comes to selling. They are hitting the bid like trout on a hatchery pond. Notable sales alone last week included Draft King, Banc of America (Berkshire unloading), Carvana, Seagate Technology, Toll Brothers, and that was just what was reported on Friday last week.  It’s hard to glean much … Read more

Insider Buying Week 09-20-24 Interest Rates are Finally Headed Lower

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The Federal Reserve surprised the pundits, slashing 50 basis points instead of 25.  Some may think this extraordinarily large cut in interest rates may have had something to do with election-year politics. I don’t know why. Donald Trump hired Powel and was almost sure to fire him or not put him up for renewal if he didn’t lower rates. Now, if elected, he is sure to fire Powell as he is likely to blame him for helping  Harris. Of course, no commentators will say this, but this is likely what happened and almost certainly what will happen if Trump gets … Read more

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more