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These are the Insider Buys that Matter Week Ending 8-14-20

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Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more

Notable Insider Buys and Sales Week Ending 12-14-18

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As the market has sold off, insiders are starting to take advantage of lower prices. This last week was disappointing as there were few notable buys.  They are listed below: Buys NMRK Newmark Group- CEO Barry Gosin purchased $9 million worth at an average price of $9.05 per share. Newmark Group, Inc. provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and … Read more

Panic around the corner? Notable Insider Buys and Sales Week Ending 12-7-18

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As the market has sold off, insiders are starting to take advantage of lower prices. We are not yet at a level  where insiders are full throated buyers but several are willing to bet sizable sums of money. Panic is around the corner but not here yet. We outline the most notable ones below. Buys MHK Mowhak Industries  Billionaire Filip Balcaen continues to bet on global carpet manufacturer Mohawk Industries.  It’s nice to have the luxury of waiting out market anxieties. UAL United Airlines Dir Edward Shapiro is batting 1000 when he purchased 30,000 at $92.57.  I personally think Southwest is … Read more