This article summarizes the most significant insider buying and selling activities reported for US stocks on Friday, October 11, 2024.
Top Insider Buys:
Sirius XM Holdings Inc. (NASDAQ:): Berkshire Hathaway Inc . (NYSE:) increased its stake in Sirius XM Holdings Inc., purchasing shares worth a total of $86.73 million. The transactions were carried out over several days, with prices ranging from $23.55 to $24.95 per share. The series of acquisitions began on October 9, 2024, with 869,800 shares bought at an average price of $23.55, followed by additional purchases on October 10 and 11.
Bath & Body Works, Inc. (NYSE:NYSE:): CEO Gina Boswell made a significant investment in the company’s stock, purchasing 6,000 shares at a weighted average price of $29.642, totaling $177,852. The transactions occurred on October 9th, with share prices ranging from $29.515 to $29.700. This recent acquisition brings Boswell’s total ownership to 242,987 shares of common stock.
Tile Shop (NASDAQ:) Holdings, Inc. (NASDAQ:TTSH): Insiders at Tile Shop Holdings, Inc. acquired additional shares of the company’s common stock, totaling $189,408. The purchases were made at prices ranging from $6.431 to $6.5049 per share. The transactions involved three related entities: Pleasant Lake Onshore Feeder Fund LP, Fund 1 Investments, LLC, and Pleasant Lake Partners LLC, all of which are significant shareholders holding more than ten percent of the company’s common stock.
GATX Corp (NYSE:NYSE:): State Farm Mutual Automobile Insurance Co expanded its holdings in GATX Corp with a purchase of 13,840 shares at a price of $132.8079 per share, amounting to approximately $1.8 million. This transaction increased State Farm Mutual’s direct holdings to a total of 3,298,454 shares in the company.
Top Insider Sells:
AutoZone Inc (NYSE:NYSE:): William C. Rhodes III, the Executive Chairman of AutoZone Inc, sold a substantial amount of company stock, totaling approximately $40,392,888. The transactions took place on October 10, 2024, with share prices ranging from $3,089.46 to $3,140.59.
Dave Inc. (NASDAQ:DAVE): Insiders at Dave Inc. sold a significant amount of stock, with 1,000,000 shares of Class A Common Stock sold at a price of $40.60 per share, amounting to a total transaction value of $40.6 million. The shares were held of record by Section 32 Fund 1, LP.
Snowflake Inc . (NYSE:NYSE:): Christian Kleinerman, Executive Vice President of Product Management, sold 30,000 shares of the company’s Class A Common Stock for $120 per share, totaling $3.6 million. The sale was conducted in accordance with a 10b5-1 trading plan adopted on December 22, 2023.
Trade Desk, Inc. (NASDAQ:): CEO Jeffrey Green sold a total of 80,649 shares of Class A Common Stock in two separate transactions, netting over $9.3 million. The sales were made at prices ranging from $114.91 to $115.65 per share, as part of a pre-arranged 10b5-1 trading plan.
Carvana Co. (NYSE:NYSE:): Ernest C. Garcia II, a major shareholder, divested over $38 million worth of Class A Common Stock. The transactions occurred on two consecutive days, with multiple sales executed at varying prices ranging from $187.91 to $193.11.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analysis and market research. It’s important to remember that insiders may have various reasons for buying or selling shares, and these actions do not necessarily indicate future stock performance.
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