steve strazza headshot
Steve Strazza

Control Empresarial Raises Its PBF, TALO Stakes

September 10, 2024

The most significant insider buy on today's list comes from two Form 4 filings by Control Empresarial de Capitales S.A.

The investment firm added to its stake with a $40 million purchase in PBF Energy Inc $PBF and made another buy in Talos Energy Inc $TALO, this time for $3.5 million.

Abdiel Capital LP continues to build a position in Appian Corporation $APPN, revealing a $2,078,385 purchase of APPN shares.

Here’s The Hot Corner, with data from September 9, 2024:

240910_hot_corner_table

The CEOs of Black Stone Minerals $BSM, Prospect Capital Corporation $PSEC and Golub Capital BDC Inc $GBDC all filed Form 4s revealing purchases of their own stock.

Last but not least, director Daniel J. Heinrich bought 2,200 shares of Dollar Tree Inc $DLTR.

DLTR has fallen off a cliff, losing around 65% since its peak in 2022.

Fast-forward to today, and the stock is finding support at a key shelf of former lows:

240910_hot_corner_dltr

The line in the sand for DLTR lies at 60. If we break below this level, look out below and expect further downside.

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

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

For questions about your membership, contact us at 323-421-7910 or info@stockmarketmedia.com

Filed Under: