The most significant insider buy on today's list comes via a 13G filing by Keith Gill, also known by his online aliases "Roaring Kitty" and "DeepFuckingValue."
Gill bought 9,001,000 shares of Chewy Inc $CHWY, which represents an initial passive ownership stake of 6.6%.
Here’s The Hot Corner, with data through July 1, 2024:
Control Empresarial de Capitales S.A revealed the purchase of $14.4 million worth in PBF Energy Inc $PBF its latest Form 4.
And the former CEO of Globalstar Inc $GSAT, James Monroe III, acquired 4,510,855 shares of his own company’s stock.
CHWY collapsed to new record lows at the end of 2023, briefly violating a multi-year shelf of support.
However, the follow through was short-lived. Buyers reclaimed this support zone, resulting in a failed breakdown.
We think this one is headed higher as long as we're above the lows from prior cycles.
Stay tuned. We'll be back on Wednesday with more insider activity.
