The most significant insider buy on today’s list comes via three Form 4 filings by the CEO and president, the CFO, and a director of MGM Resorts International $MGM.
The chief financial officer of Royal Caribbean Cruises Ltd $RCL, Naftali Holtz, disclosed an acquisition of 5,350 shares, equivalent to $749,000.
Here’s The Hot Corner, with data from August 6, 2024:
The CEO of Blackstone Mortgage Trust $BXMT and one of the company's directors announced acquisitions totaling $1.2 million.
The CEOs of Pebblebrook Hotel Trust $PEB and AGCO Corporation $AGCO both filed Form 4s revealing purchase of their own stock.
RCL resolved higher from a multi-year basing pattern this year, ripping to new all-time highs.
Fast-forward to today, and price pulled back to the breakout level.
It's finding support at a shelf of former highs that coincide with an upward-sloping 200-day moving average.
We imagine RCL will experience a fresh leg higher in the coming weeks and months if buyers successfully defend this confluence of support.
Stay tuned. We'll be back on Thursday with more insider activity.
