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Steve Strazza

GSK, RA Capital Report Major WVE Activity

October 2, 2024

The most significant insider activity today involves Wave Life Sciences Ltd $WVE. 

A Form 4 filing by GSK plc reports a purchase worth $22,335,440. 

In addition, a 13D filing from RA Capital Management reveals an increase in its ownership stake from 12.30% to 16.00%.

Here’s The Hot Corner, with data from September 30, 2024:

241002_hot_corner_table

Control Empresarial de Capitales S.A. de C.V. continues to buy shares of Talos Energy Inc $TALO, reporting a purchase with a total value of $1,030,980.

D. E. Shaw & Company L.P filed a Form 4 revealing a $826,086 purchase in Ibotta Inc $IBTA.

WVE has been in the base-building process for roughly two years.

Price is currently piercing though the upper bounds of this base, suggesting a valid trend reversal.

241002_hot_corner_wve

As long as we’re above 7.10, the path of least resistance is higher for WVE.

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

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