Hot Corner Insider Articles

The biggest insider move today comes from Paul J. Fribourg, a director at Estee Lauder Companies $EL, who purchased $10,045,534 worth of shares, as reported in a Form 4 filing.

The stock has dropped 82% from its all-time highs and is now trading at its lowest level in a decade.

This significant insider buy signals confidence in the company's potential recovery.

Here’s The Hot Corner, with data from November 15, 2024:

In another Form 4, director Alfred W. Zollar revealed a purchase of $203,970 in Nasdaq Inc $NDAQ.

We continue to witness insider activity in solar stocks. Today, we have data from the president and CEO of Enphase Energy $ENPH, who made a purchase of 5,000 shares.

Enphase has fallen 30% in the last two weeks, as solar stocks have collapsed following the election.

With the stock trading at its lowest level in more than four years...

The biggest insider move on today's list comes from a Form 4 filing by Charlie Ergen, co-founder and chairman of EchoStar Corporation $SATS.

Ergen made a power move, buying 1,551,355 SATS shares, for a value of $43.5 million.

This purchase not only is a vote of confidence—it’s the kind of buy an insider makes for only one reason. They believe the stock price will rise considerably from here. 

Here’s The Hot Corner, with data from November 14, 2024:

Divisadero Street Capital Management filed a 13G for Rush Street Interactive $RSI, revealing an increase in their stake from 5.78% to 7.80%.

The CEO of Lyft Inc $LYFT revealed a purchase of $250,271 in its latest Form 4.

Manuel Anja, a director at Hims & Hers Health $HIMS bought 5,000 shares.

The stock looks poised to break out of a massive base:

SolarEdge Technologies $SEDG director Avery More has made waves with a bold $2.1 million insider purchase of 156,000 shares.

Despite the solar industry becoming the market's "ugly duckling," More is stepping in at a key support level for SEDG. 

This area marks where prices bottomed out in 2016, sparking a historic rally:

With SEDG back at the scene of the crime, if there's a logical level for it to stop falling, we believe this is it.

That doesn't mean we’re going to get involved right here, right now, though.

Rather, we prefer to wait for a tradeable low and have enough conviction the trend is shifting higher.

Here’s The Hot Corner, with data from November 13, 2024:

Maria Angelidis-Smith, a director at Lemonade $LMND, bought 33,554 shares, equivalent to $1,007,444.

LMND has a 30% short...

In a significant move, Greenoaks Capital just revealed a $54 million purchase of Coupang $CPNG shares in a Form 4 filing.

The investment firm is known for its focus on high-growth tech companies, having previously backed game-changers like Discord and Stripe.

With this purchase, Greenoaks is betting big that Coupang is positioned for further upside.

We mentioned CPNG in our Screamin' Hot Report back in August, when the stock was resolving higher from a bottoming formation.

Fast-forward to today, and the stock looks poised to continue grinding higher, with a valid trend reversal in place. 

As long as we’re above 21, we want to err in the direction of the underlying trend.

The Greenoaks filing is just additional confirmation that we’re onto something good with this name. 

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

Here are the top three takeaways from the call:

• The riskiest stocks are embarking on a new leg higher:

Think small-caps, Ark funds, banks, and biotech. They’re all making new highs.

• On Tuesday, the S&P 500 tested the election gap VWAP for the first time:

And then it did it again today. Buyers showed up to defend this level both times. As long as it holds, the bulls can keep running this short-term rally higher.

• With crypto in "rally mode," BTC miners offer leveraged vehicles that can help add extra exposure:

In July, Coatue Management filed a 13G revealing a 9.2% stake in Hut 8 Corp $HUT. The stock is now completing a rounding-bottom formation. If it sticks the landing, this is a brand-new uptrend.

The most notable insider transactions in our list is from APMH Invest, which disclosed a $46 million purchase in Noble Corporation $NE via a Form 4 filing. 

This acquisition increased APMH Invest’s stake in Noble to 18.92%, reflecting a strong vote of confidence in the company.

APMH Invest, part of A.P. Møller Holding, is known for its strategic, long-term investments in sectors like energy and logistics, prioritizing stability and sustainability.

When these big players come in, it's always worth keeping an eye on the stock.

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

The CEO of Centene Corporation $CNC, Sarah London, revealed the acquisition of 4,117 shares, equivalent to $250,313.

When CEOs start putting their own money on the line, it signals they’re bullish on the future, expecting big things.

Director David Sachs...

Turtle Creek Asset Management has disclosed a bold insider move in a fresh Form 4 filing. 

The hedge fund invested $10.3 million in JELD-WEN Holding $JELD, which now represents 4.8% of its $3.88 billion portfolio. 

Turtle Creek’s other top holdings include Berry Global $BERY, Middleby Corp $MIDD, and CarMax $KMX. 

Wellington Management Group filed a 13G for The AZEK Company Inc $AZEK, disclosing an increase in ownership from 9.30% to 10.31%.

As one of the world’s largest asset managers, Wellington’s increased stake indicates a positive outlook on AZEK’s market position.

Here’s The Hot Corner, with data from November 7, 2024:

Rep. Josh Gottheimer and Senator Sheldon Whitehouse revealed $50,000 purchases of Apple $AAPL and Eli Lilly and Company $LLY, respectively.

Last but not least, two directors of Verona Pharma plc $VRNA...

In a notable display of confidence, the CEOs of Heartland Express $HTLD, Clear Channel Outdoor Holdings $CCO, and Intel Corporation $INTC each stepped up with fresh buys of their own stock, according to recent Form 4 filings.

When top executives reach into their own wallets, it’s often a signal they’re betting on one specific thing: They believe the stock is undervalued and primed to move higher.

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

In another Form 4, Director William Galtney Jr. reported a hefty $1 million buy in Everest Group Ltd $EG, snapping up 2,870 shares.

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

With the election behind us, banks and crypto proved the ultimate "Trump Trade."

And Customers Bancorp Inc $CUBI stands out as a regional bank, entering the crypto space with blockchain-based payments to attract fintech and crypto clients seeking secure, fast transactions. 

This is an outstanding chart:

CUBI is up more than 18% today, and we believe it still has room to run.