Today's note is brief.

For the second day in a row, M. Grier Eliasek, President and COO of Prospect Capital Corporation $PSEC, disclosed a significant insider buy – 210,000 shares, totaling $1,010,058.

Here’s The Hot Corner, with data from December 3, 2024:

Today's standout insider transaction is a Form 4 filing from Carlos Slim's Control Empresarial de Capitales S.A., which added another 604,000 shares of PBF Energy Inc $PBF to its position.

Meanwhile, the chief operating officer of Prospect Capital Corporation $PSEC stepped up with a $1 million buy, following the CEO’s notable purchase in the last two weeks.

Here’s The Hot Corner, with data from December 2, 2024:

Today’s insider transactions feature a couple of power moves worth noting.

First up, Sardar Biglari, the founder, chairman, and CEO of Biglari Holdings Inc $BH, reported a significant insider buy of $1 million via a Form 4 filing. 

Biglari is known for his hands-on leadership and calculated investments, making this a bold vote of confidence in his company’s outlook.

Biglari now owns about $26.5 million worth of class A common stock.

Meanwhile, over at retail giant Walmart Inc $WMT, director Robert Edward Moritz Jr. scooped up 5,446 shares worth nearly $500,000.

Here’s The Hot Corner, with data from November 29, 2024:

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

Have you heard about these electric helicopter stocks?

They could be the Uber of the skies. Imagine a helicopter pulling up to take you straight to the airport.

It almost sounds too good to be true, and we still don’t know if it’ll actually happen. But there is some really big money behind these start-ups right now.

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

The standout insider transaction of the day comes from Carlos Slim's investment company, Control Empresarial de Capitales S.A.

In another big move, the billionaire's firm revealed an $8.7 million purchase of PBF Energy $PBF shares via a Form 4 filing. 

When one of the world's richest men starts putting serious money to work, it's a signal worth watching closely.

Slim and Control Empresarial have been accumulating shares in PBF all year.

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

The most notable insider transaction today is revealed in a Form 4 filing by John F. Barry, CEO of Prospect Capital Corporation $PSEC.

Barry revealed an additional purchase of PSEC shares with a total value of $4.7 million.

After a 50% drawdown in recent years, PSEC pays a sky-high 11.4% dividend. The company announced its first cut since 2017 just a few weeks ago, causing a 20% selloff in the stock. 

PSEC has established a tradable low and rebounded in the weeks since, and now the CEO is stepping in with $13 million in share purchases.

It sure looks like brighter days are ahead for this battered financial stock.

After a tough year, solar stocks might finally be catching some rays of hope.

In just the last two weeks, we’ve seen multiple insiders step in and report significant purchases in some of the top solar names.

While it’s too soon to call a bottom, this cluster of insider activity sends a strong signal that buyers are creeping back into the solar industry.

It’s not just who’s buying—it’s how and when. This lines up perfectly with the broader market environment, where the best setups have been in cycle laggards—and solar is definitely one of them.

In the coming days and weeks, we’ll watch for the technicals to confirm all this bullish insider buying.

The most notable insider transaction today is revealed in a Form 4 filing by James Mikolaichik, the new CFO and Treasurer of United Parks & Resorts $PRKS. 

Mikolaichik purchased 34,000 shares at $57.29 per, a total investment of $1.94 million.

CFOs are the insiders to watch – they know the numbers, from revenue trends to cost structures. 

James Mikolaichik is no exception. With a proven track record in the travel and leisure industry as CFO at MyEyeDr. and Diamond Resorts, he brings the kind of expertise that catches our attention.

Here’s The Hot Corner, with data from November 25, 2024:

Director Michael J. Angelakis, CEO of the investment company Atairos Group, and former CFO of Comcast, has acquired 3,465,000 shares of Clarivate Plc $CLVT.

We always take note when executives with a CFO background make significant insider purchases, as their financial insight provides us some of the best Hot Corner buy signals.  

The co-founder and vice chairman of Oscar Health $OSCR reported a purchase of $3.1 million of his own stock in a recent Form 4.

Here’s The Hot Corner, with data from November 22, 2024: