Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
This article summarizes the top insider buys and sells reported on Wednesday for US stocks.
Top Insider Buys:
American Strategic Investment Co. (NYSE:NYC):
Nicholas S. Schorsch, a key stakeholder in American Strategic Investment Co., acquired 1,488 shares of Class A common stock valued at approximately $17,960. The purchase was made at a weighted average price of $12.07 per share. Following this transaction, Schorsch’s total holdings amount to 968,095 shares, held indirectly through Bellevue Capital Partners (WA:CPAP), LLC and related entities. The stock has delivered a 70% return over the past year and trades at a Price/Book ratio of 0.33.
Rezolute , Inc. (NASDAQ:RZLT):
Kim Young-Jin, a director at Rezolute, Inc., purchased 1,250,000 common shares at $4.00 per share, totaling a $5 million investment. This acquisition represents a significant stake in the $275 million market cap company, which has seen its stock surge over 213% in the past year. Kim also received 25,500 restricted stock units and options to purchase 15,000 shares, both set to vest on March 1, 2026.
Everus Construction Group, Inc. (NASDAQ:ECG):
Michael Della Rocca, a director at Everus Construction Group, Inc., acquired 1,050 shares of common stock at $47.565 per share, totaling $49,943. This purchase increases Della Rocca’s direct holdings to 2,027 shares in the $2.45B market cap company. The transaction comes amid a significant three-month stock price decline and aligns closely with the company’s Fair Value.
XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT):
John Yogi Spence, Vice President of XAI Octagon Floating Rate & Alternative Income Trust, purchased 3,000 common shares at an average price of $6.4097 per share, totaling approximately $19,229. Following this transaction, Spence holds 549,806.094 shares directly, with additional indirect holdings through various entities.
Landmark Bancorp Inc. (NASDAQ:LARK):
Mark J. Kohlrus, a director at Landmark Bancorp Inc., acquired a total of 400 shares over two days at prices ranging from $25.085 to $26.00 per share, amounting to a total investment of $10,217. Kohlrus now holds 600 shares in an Individual Retirement Account (IRA).
Top Insider Sells:
Schwab Charles Corp (NYSE:SCHW):
Charles R. Schwab, Co-Chairman of Schwab Charles Corp, sold 129,865 shares over two days at prices ranging from $81.4016 to $81.9633 per share, totaling approximately $10.64 million. Following these sales, Schwab holds 60,285,358 shares through a trust, with additional holdings through other entities.
Compass , Inc. (NYSE:COMP):
Robert L. Reffkin, Chairman and CEO of Compass, Inc., sold 2,775,490 shares of Class A Common Stock in multiple transactions at prices ranging from $7.9067 to $9.9347 per share, amounting to approximately $25,044,666. These sales were executed under a pre-arranged trading plan adopted in May 2024.
First American Financial Corp (NYSE:FAF):
Dennis J. Gilmore, a director at First American Financial Corp, sold 111,971 shares at prices ranging from $63.08 to $64.18, resulting in a total transaction value of approximately $7.1 million. Following these sales, Gilmore retains direct ownership of 494,574 shares and indirect ownership of 2,343 shares through a 401(k) plan trust.
Meta Platforms, Inc. (NASDAQ:META):
Mark Zuckerberg, Chairman and CEO of Meta Platforms, Inc., sold shares worth approximately $13.8 million on February 19, 2025, through CZI Holdings, LLC. The sales were executed at prices ranging from $700.55 to $706.28 per share. Zuckerberg continues to hold significant shares in the company through various trusts and foundations.
Staying informed about insider trading activities can provide valuable insights into a company’s potential future performance. While insider buys may signal confidence in the company’s prospects, insider sells could indicate various factors, including personal financial planning or concerns about the company’s valuation. However, it’s important to consider these transactions as part of a broader investment analysis rather than as standalone indicators.
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