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Steve Strazza

State Farm Reports a $1.2 Million GATX Purchase

October 11, 2024

Today’s top insider transaction comes from a Form 4 filed by State Farm Mutual Automobile Insurance Company, one of the largest insurers in the U.S. 

State Farm made a bold move with a $1.2 million purchase in GATX Corporation $GATX—a key player in the Rental & Leasing Services industry.

Here’s The Hot Corner, with data from October 10, 2024:

241011_hot_corner_table

In another eye-catching Form 4, director Robert Marshall disclosed the acquisition of 100,000 shares of Nuvation Bio Inc $NUVB, signaling serious confidence in the biotech space.

GATX has been stair-stepping higher, in a persistent uptrend for roughly a decade.

Price is currently coiling, as GATX digests some of its gains.

241010_hot_corner_play

As long as we're above 109, the primary uptrend remains intact.

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

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