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Steve Strazza

Control Empresarial Reports a $6 Million TALO Purchase

September 30, 2024

The most significant insider buy on today's list comes via a Form 4 filing by Control Empresarial de Capitales S.A.

The investment company reported a purchase of Talos Energy Inc $TALO shares with a total value of $6 million.

Here’s The Hot Corner, with data from September 27, 2024:

240930_hot_corner_table

Citadel Advisors LLC filed an initial 13G for UWM Holdings Corporation $UWMC revealing an ownership stake of 9.00%.

JANA Partners LLC filed a 13D for Rapid7 Inc $RPD disclosing an original stake of 5.80%.

UWMC completed a bearish-to-bullish reversal pattern last year and has since ripped higher.

Fast-forward to today, and price is consolidating in a constructive way, digesting some gains below the 61.8% retracement:

240930_hot_corner_uwmc

While it is true that a healthy pause over the short term makes sense here, all indications suggest this stock will keep heading higher over the long run.

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

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