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Control Empresarial Reports a $28 Million PBF Purchase

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Control Empresarial de Capitales S.A.

The investment firm revealed an additional purchase of $28 million in PBF Energy Inc $PBF.

Here’s The Hot Corner, with data through June 18, 2024:

The chief strategy officer of Turning Point Brands Inc $TPB revealed a $127,200 purchase in his latest Form 4.

And Nerdy Inc $NRDY CEO Chuck Cohn continues to add more shares of his own company’s stock.

This time he acquired 347,275 shares, equivalent to $670,240.

NRDY experienced a nasty whipsaw earlier in the month, making new all-time lows. 

It quickly recovered, resulting in a major failed breakdown at a shelf of former lows:

The primary trend is firmly to the downside.

But, if we're above 1.60, we could give it a shot on the long side for a trade.

Stay tuned. We'll be back on Thursday with more insider activity.

And please reach out with any questions. We love hearing from you!

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