steve strazza headshot
Steve Strazza

Director Quinn Reports a $4 Million PR Purchase

September 13, 2024

The most significant insider activity on today's list comes via a Form 4 filing by Permian Resources Corp $PR director William J. Quinn.

Quinn revealed a purchase of PR shares with a total value of approximately $4 million.

Abdiel Capital LP just bought 43,378 shares of Appian Corporation $APPN.

Here’s The Hot Corner, with data from September 12, 2024:

240913_hot_corner_table

In another Form 4, director Steven J. Demetriou revealed a purchase of $526,200 in Arcosa Inc $ACA.

The stock has been stair-stepping higher and consolidating constructively along the way since it bottomed in 2022.

Price is currently stuck in a sideways range, barely above the 261.8% Fibonacci extension:

240913_hot_corner_aca

As you can see, an upward sloping 200-day moving average confirms the strong primary trend ACA has been carving for a couple months now.

If we're above 83.50, we continue to err in the direction of the underlying trend, which is up.

Have a great weekend. We'll be back on Monday 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: