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This article summarizes the most significant insider buys and sells reported on Wednesday for US stocks.
Top Insider Buys:
Zymeworks Inc . (NASDAQ:ZYME):
EcoR1 Capital, LLC, a major shareholder in Zymeworks Inc., increased its stake in the pharmaceutical company by purchasing 167,654 shares over three consecutive days. The transactions, occurring from January 13 to January 15, 2025, were executed at prices ranging from $13.3946 to $14.0068 per share, totaling approximately $2.28 million. This insider buying comes as Zymeworks shares have shown strong momentum, gaining 36.71% over the past six months. EcoR1 Capital, managed by Oleg Nodelman, serves as both the general partner and investment adviser to various private funds holding these securities.
Tile Shop (NASDAQ:TTSH) Holdings, Inc. (NASDAQ:TTSH):
Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and PLP Funds Master Fund LP collectively acquired shares worth approximately $678,169 in Tile Shop Holdings. The transactions took place from January 13 to January 15, 2025, with purchase prices ranging from $6.6656 to $6.8817 per share. A total of 100,900 shares of common stock were acquired, with the largest single-day purchase occurring on January 14, when 42,900 shares were bought at $6.7032 each. Tile Shop Holdings, a company engaged in the retail of home furniture, furnishings, and equipment, maintains strong financial health with a current ratio of 1.52.
OPKO Health, Inc. (NASDAQ:OPK):
Phillip Frost, the CEO and Chairman of OPKO Health, Inc., increased his stake in the company by purchasing 500,000 shares of common stock. The shares were acquired at a weighted average price of $1.4817 per share, amounting to a total investment of approximately $740,850. The transactions occurred on January 15, 2025, and reflect Frost's indirect ownership through the Frost Gamma Investments Trust. Following this purchase, Frost now holds a total of 213,036,477 shares indirectly.
1 800 Flowers.com Inc. (NASDAQ:FLWS):
Fund 1 Investments, LLC, PLP Funds Master Fund LP, and Pleasant Lake Partners LLC made substantial stock purchases in 1 800 Flowers.com Inc., totaling $2,723,133. The transactions took place over several days, with prices ranging from $7.1815 to $7.6373 per share. These purchases come as the stock has experienced significant volatility, with shares down nearly 30% over the past six months and currently trading near its 52-week low of $7.01.
JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE:JELD):
Turtle Creek Asset Management Inc., a Toronto-based investment firm, acquired 75,000 shares of JELD-WEN Holding, Inc. on January 13, 2025, at a weighted average price of $8.4635 per share. This acquisition represents a total investment of approximately $634,762. The shares were acquired through various funds managed by Turtle Creek, indicating continued confidence in JELD-WEN's business prospects.
Top Insider Sells:
Zoom Video Communications , Inc. (NASDAQ:ZM):
Eric Yuan, CEO of Zoom Video Communications, Inc., sold a significant number of shares under a pre-established trading plan. The transactions totaled approximately $15.9 million, leaving Yuan with no shares directly owned following the sales. The shares were held indirectly through a trust, reflecting the structured nature of the sales.
RH (NYSE:NYSE:RH):
Chaya Eri, President and Chief Creative and Merchandising Officer of RH, sold 23,000 shares on January 14, 2025, with sales prices ranging from $425.35 to $429.20 per share. The transactions totaled approximately $10.66 million. Prior to these sales, Eri exercised options to acquire 25,000 shares at a price of $39.42 per share.
Meta Platforms, Inc. (NASDAQ:META):
Mark Zuckerberg, CEO of Meta Platforms, Inc., executed a series of stock transactions on January 15, 2025, totaling approximately $14.1 million. The shares were sold at prices ranging from $607.59 to $622.21 per share. Additionally, the Chan Zuckerberg Initiative Foundation reported stock sales totaling around $7.99 million.
Gulfport Energy (OTC:GPORQ) Corp (NASDAQ:GPOR):
Silver Point Capital L.P., a significant stakeholder in Gulfport Energy Corp, sold 429,253 shares at a price of $185.22 per share, amounting to a total value of approximately $79.5 million. Following this transaction, Silver Point Capital's ownership in Gulfport Energy stands at 2,681,309 shares.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with fundamental and technical analysis. It's important to remember that insiders may have various reasons for buying or selling shares, and not all transactions necessarily reflect their views on the company's future performance.
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