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Steve Strazza

Control Empresarial Reports PBF, TALO Purchases

September 6, 2024

Control Empresarial de Capitales S.A. made two notable insider purchases, continuing to increase its holdings in a pair of energy companies.

The Mexico-based investment firm disclosed purchases amounting to $40 million in PBF Energy Inc $PBF and a $26 million investment in Talos Energy Inc $TALO.

The CEO of Lululemon Athletica Inc $LULU revealed a purchase of 4,000 shares, equivalent to $1,040,000.

Here’s The Hot Corner, with data from September 5, 2024:

240906_hot_corner_table

Point72 Asset Management filed an initial 13G for Teladoc Health Inc $TDOC revealing a stake of 5.10%.

The CEO and the COO of Prospect Capital Corporation $PSEC bought an additional $3.9 million in PSEC shares.

LULU has built a massive topping formation for the last four years.

Price is currently pressing at a critical polarily level, which represents the lower ends of this massive range:

240906_hot_corner_lulu

The line in the sand for LULU lies at 250. If we break below this level, expect further downside.

Until then, we give the bulls the benefit of the doubt.

Have a great weekend. We'll be back on Monday with more insider activity.

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