New Mountain Finance Corp

Insider Buying Week 11-15-24- Animal Spirits are Back!

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After weeks of nonexistent insider buying, other than hedge funds which I generally dismiss as informed but not that meaningful OPM other people’s money, insiders have come back with a vengeance.  Some likely unleashed by Trump’s change of regime optimism, while others were likely motivated as the market prematurely selected winners and losers. Centene insiders began buying shares shortly after the election results raised concerns about government funding for healthcare. Enphase, already struggling, faced further declines as solar energy incentives came into question. Meanwhile, semiconductor stocks, with the sole exception of Nvidia, are dropping sharply due to the potential reintroduction … Read more

Insider Buying Week 11-08-24

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We are in a malaise. It’s that period when most insiders are restricted from trading in their company’s stock due to the upcoming quarterly earnings. But let’s not kid ourselves. Name: Abhijit Y Talwalkar Position: Director Transaction Date: 2024-11-04 Shares Bought: 6,664 Average Price Paid: $75.16 Cost: $500,866 Company: iRhythm Technologies Inc. (IRTC) iRhythm Technologies, Inc., founded in 2006, is headquartered in San Francisco, California. iRhythm Technologies, Inc. is a digital healthcare firm that designs, develops, and commercializes device-based technologies for ambulatory cardiac monitoring and arrhythmia diagnosis in the United States. It provides Zio services, which are ambulatory monitoring solutions … Read more

‘s 5% Decline

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The S&P 500 lost over 6% points last week after losing 5% in the previous week. Stocks don’t fall like this unless there is something really wrong. I’m trying to figure that out and the only thing that I can come up with is that the Fed has been bullied into raising interest rates into a weakening economy. Raising interest rates to bring down the price of oil or to untangle the supply chain disruptions is an act of lunacy.  The … Read more

Insider Buying Week 5-20-22 Trying to Go Up on a Down Escalator

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. I spent much of last weekend toiling over the Insiders Report.  Insider buying is picking up in the ruins of the NASDAQ but not enough to waive the all-clear flag that I described in the last post.  The  S&P 500 dipped into “bear” territory Friday only to stage a furious machine-driven short-covering rally that erased a 560 point decline in the last 30 minutes of the day.  Read on for the brave souls that keep trying to ride up the down … Read more