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Friday's Insider Moves: Top Executives Make Significant Stock Transactions

EditorFrank DeMatteo
Published 11/11/2024, 15:50
© Reuters.

This article summarizes the most notable insider buys and sells from Friday, November 8, 2024, for US stocks.

Top Buys:

B&G Foods, Inc. (NYSE:BGS) saw significant insider purchases. Stephen Sherrill, a director at B&G Foods, acquired 70,000 shares at an average price of $6.6328 per share, totaling approximately $464,296. The transaction was executed on November 8, 2024, in multiple trades with prices ranging from $6.4750 to $6.8100 per share. Following this purchase, Sherrill's direct ownership in B&G Foods increased to 353,084 shares. Additionally, Scott E. Lerner, Executive Vice President and General Counsel, purchased 7,611 shares at a weighted average price of $6.5692, totaling approximately $49,998.

Centene Corp (NYSE:NYSE:CNC) Chief Executive Officer Sarah London acquired 4,117 shares of the company's common stock. The purchase took place on November 8 at a weighted average price of $60.80 per share, resulting in a total transaction value of approximately $250,313. Following this transaction, London's total direct holdings increased to 667,229 shares.

CVR Partners, LP (NYSE:NYSE:UAN) saw Carl Icahn, through various entities, increase his stake with a series of purchases totaling approximately $3.8 million. The transactions involved the acquisition of 55,552 common units over three consecutive days, with prices ranging between $68.75 and $69.01 per share.

OPKO Health, Inc. (NASDAQ:OPK) CEO and Chairman Phillip Frost acquired 280,183 shares of the company's common stock. The purchase was executed on November 8, 2024, at a weighted average price of $1.5045 per share, totaling approximately $421,535. Following this transaction, Dr. Frost maintains a significant holding of over 211 million shares in the company.

Top Sells:

Confluent, Inc. (NASDAQ:CFLT) director Matthew Craig Miller sold a total of 2,134,486 shares of Class A common stock over two days, November 6 and 7, 2024. The shares were sold at prices ranging from $27.1522 to $27.512 per share, resulting in a total transaction value of approximately $58.3 million.

Arista Networks , Inc. (NYSE:NYSE:ANET) Chief Technology Officer and Senior Vice President of Software (ETR:SOWGn) Engineering Kenneth Duda sold shares worth approximately $8.4 million on November 6, 2024. The shares were sold at prices ranging from $414.14 to $423.555 per share.

Robinhood Markets , Inc. (NASDAQ:HOOD) director Meyer Malka reported significant stock sales totaling approximately $97.24 million. The transactions occurred over three days, with the largest sale of 2,791,306 shares on November 8, 2024, at an average price of $30.2464.

Johnson Controls (NYSE:JCI) International plc (NYSE:JCI) Executive Vice President and General Counsel John Donofrio executed a series of stock transactions, selling a total of 111,921 shares and generating approximately $9.2 million. The sales occurred at prices ranging from $82.04 to $84.17 per share.

Axos Financial, Inc. (NYSE:NYSE:AX) President and CEO Gregory Garrabrants sold 125,000 shares, generating approximately $10.2 million. The sales occurred at prices ranging from $81.14 to $82.35 per share.

Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company's health and future prospects. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market data when evaluating potential investment opportunities.

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

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