This article summarizes the most significant insider buying and selling activities reported on Friday for US-listed companies.
Top Insider Buys:
Walmart Inc. (NYSE:WMT)
Walmart director Robert Edward Moritz Jr. made a substantial purchase of 5,446 shares at $91.81 per share, totaling approximately $499,997. This acquisition increased Moritz's direct holdings to 7,805 shares. The purchase comes as Walmart trades near its 52-week high of $92.64, with the stock delivering an impressive 80% return over the past year. Walmart's overall financial health score is rated as "GOOD" according to InvestingPro analysis.
SuRo Capital Corp. (NASDAQ:SSSS)
Mark D. Klein, Chairman, CEO, and President of SuRo Capital Corp., acquired a significant amount of the company's common stock, totaling $417,610. The purchases were made over several days, with share prices ranging from $5.03 to $5.20. This insider buying activity coincides with the stock's strong 30% return over the past six months. InvestingPro data indicates that SuRo Capital maintains strong liquidity with a current ratio of 12.9x and is trading near its 52-week high of $5.44.
Liberty Latin America Ltd. (NASDAQ:LILA)
Director Brendan J. Paddick increased his stake in Liberty Latin America by purchasing 105,053 Class A Common Shares over three days. The shares were acquired at prices ranging from $6.9334 to $7.1475 per share, for a total investment of approximately $746,130. Following these transactions, Paddick's direct ownership stands at 1,343,021 shares. InvestingPro analysis suggests that the stock appears slightly undervalued compared to its Fair Value and boasts impressive gross profit margins of 77.7%.
OPKO Health, Inc. (NASDAQ:OPK)
Phillip Frost, CEO and Chairman of OPKO Health, acquired 199,072 shares at a weighted average price of $1.534 per share, totaling $305,376. This purchase aligns with broader management share buying activity, and analysts maintain a strong buy consensus with price targets ranging from $2.00 to $8.50. OPKO Health has a market capitalization of $1.06 billion and maintains strong liquidity with a current ratio of 2.97.
Fossil Group, Inc. (NASDAQ:FOSL)
Kosta Kartsotis, CEO of Fossil Group, acquired shares in the company, demonstrating continued investment and confidence in the company's future prospects. Following these transactions, Kartsotis holds a total of 1,750,000 shares, including 1,500,000 restricted stock units subject to a vesting schedule. InvestingPro analysis indicates that the stock is currently trading near its Fair Value.
Top Insider Sells:
Gilead Sciences, Inc. (NASDAQ:GILD)
Merdad Parsey, Chief Medical (TASE:PMCN) Officer of Gilead Sciences, sold 163,311 shares of common stock, amounting to approximately $15.1 million. The shares were sold at prices ranging from $91.7949 to $92.00 per share, near the stock's 52-week high. Prior to the sales, Parsey exercised options to acquire 145,413 shares. These transactions were conducted under a pre-established trading plan.
MP Materials Corp. (NYSE:MP)
James H. Litinsky, Chairman and CEO of MP Materials, sold 500,000 shares of common stock over two days. The shares were sold at weighted average prices of $20.22 and $20.90, totaling approximately $10.25 million. Following these sales, Litinsky retains ownership of 17,843,076 shares through his revocable trust in the $3.44 billion market cap company.
Select Medical Holdings Corp (NYSE:NYSE:SEM)
Robert A. Ortenzio, Executive Chairman of Select Medical Holdings, sold 3,804,805 shares at an average price of $19.55 each, resulting in a total transaction value of approximately $74.4 million. The sale was conducted through the Rocco A. Ortenzio Separate Exempt Descendants Trust, and Ortenzio maintains indirect ownership of shares through other trusts.
Walmart Inc. (NYSE:WMT)
Walmart President and CEO Doug McMillon sold 29,124 shares of common stock at a price of $91.4364 each, resulting in a total transaction value of approximately $2.66 million. Following this sale, McMillon retains direct ownership of over 3.8 million shares, along with various indirect ownership stakes through trusts and other entities.
DoorDash, Inc. (NYSE:NASDAQ:DASH)
CEO Tony Xu sold 108,334 shares of Class A Common Stock at an average price of $180.069 per share, resulting in a total sale value of approximately $19.5 million. This transaction was conducted as part of a pre-established Rule 10b5-1 trading plan. Prior to the sale, Xu acquired 108,334 shares through the exercise of stock options at a price of $7.16 per share.
Investors should stay tuned to insider buying and selling activities 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 metrics and market analysis. Insider buying may indicate confidence in the company's future, while selling could have various motivations, including personal financial planning or diversification needs.
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