CEO Stone Reports a $1 Million ALLE Purchase

The most notable insider transaction today is a Form 4 filing by John H. Stone, President and CEO of Allegion plc $ALLE. 

Stone purchased 7,500 ALLE shares, totaling $1 million.

Meanwhile, Sardar Biglari, CEO and founder of Biglari Holdings Inc $BH, reported an additional purchase of BH shares valued at $1,499,970.

While CEO buys aren’t necessarily signals for immediate action, such transactions often reflect strong confidence in a company’s future and can serve as a supportive factor for long-term bullish trends.

Here’s The Hot Corner, with data from December 4, 2024:

HHLR Advisors Ltd has increased its stake in BeiGene $BGNE from 5.30% to 9.00%, as disclosed in a recent 13G filing. BGNE is now Hillhouse’s largest holding.

The hedge fund strategically targets biotechnology, e-commerce, and interactive media, focusing on innovative and high-growth sectors. 

Its portfolio is heavily concentrated in Chinese equities, highlighting Hillhouse’s expertise in Asian markets.

Notable holdings include major Chinese companies like Alibaba, Pinduoduo, and Vipshop.