Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

Jack L. Macdowell, chief investment officer of Chimera Investment Corporation $CIM, acquired $998,580 worth of CIM shares.

Kevin M. Sheehan, Interim CEO of Dave & Buster's Entertainment $PLAY, purchased 37,735 shares.

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

OPKO Health $OPK CEO Phillip Frost just put his money where his mouth is, snapping up 500,000 of OPK shares at $1.56 each.

Remember, executives sell for many reasons. But they only buy because they believe in their company and think it will have a higher stock price in the future.

Frost is clearly placing his chips on OPKO’s future.

Here’s The Hot Corner, with data from December 11, 2024:

ARK Investment Management is making waves with its latest move.

In a recent 13G filing, Cathie Wood and her team increased their stake in CRISPR Therapeutics AG $CRSP from 8.78% to 10.69%.

This move makes CRSP the fifth largest holding in ARK’s portfolio, highlighting their strong belief in the company and its groundbreaking work in gene editing.

Every time ARK Investment Management makes a move, it’s worth paying attention – and their latest activity is no exception.

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

Thilo Schroeder, director of Revolution Medicines $RVMD and managing member of Nextech Invest, made waves with a $60 million insider buy, acquiring 1.3 million shares.

Nextech, known for investing in cutting-edge life sciences companies, often backs transformative players in oncology. 

Schroeder's move underscores his confidence in RVMD’s potential.

Here’s The Hot Corner, with data from December 9, 2024:

Control Empresarial de Capitales SA is at it again! 

The Mexican investment giant just dropped $9.25 million on more shares of PBF Energy Inc $PBF, pushing its ownership stake to a hefty 24.20%.

What’s noteworthy is that Control Empresarial continues to build its position in PBF despite the stock’s current trend being far from ideal. 

This move highlights Control Empresarial’s strong conviction and a clear long-term focus.

Here’s The Hot Corner, with data from December 6, 2024:

The most significant transaction on today's list comes in a Form 4 filing featuring both the CEO and the CFO of Dorchester Minerals $DMLP. 

Together, they purchased almost $1 million worth of their own company's stock. 

When two top executives with the deepest insight into the company’s operations and financial health simultaneously make significant insider purchases, it indicates the stock is undervalued or that upcoming developments could positively impact the performance.

Here’s The Hot Corner, with data from December 5, 2024:

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:

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

One major theme this week is the fact that the largest companies in the world are breaking out, setting up for the next leg higher.

After six months of chopping around, Apple $AAPL broke out to new all-time highs: