Insider Activity Spotlight: Wednesday's Top Buys and Sells Revealed

This article summarizes the most significant insider buying and selling activities reported for Wednesday, January 8, 2025.

Top Insider Buys:

American Strategic Investment Co. (NYSE:NYC) saw substantial insider purchases as Nicholas S. Schorsch and affiliated entities acquired 3,963 shares of Class A common stock over three consecutive days. The transactions, completed between January 6 and January 8, 2025, were executed at prices ranging from $8.87 to $9.03 per share, totaling an investment of $35,508. This increased their total holdings to 931,031 shares, demonstrating continued confidence in the company despite its weak overall financial health score according to InvestingPro analysis.

FedEx Corp (NYSE:FDX ) Executive Vice President and Chief Financial Officer John W. Dietrich made a significant purchase of 1,000 shares on January 7, 2025, at $273.98 per share, totaling $273,980. This acquisition brings Dietrich's total holdings to 9,067 shares, reflecting confidence in the company's prospects. FedEx, with a market capitalization of $66.1 billion, currently trades at a P/E ratio of 17.2x and offers a 2% dividend yield.

Amesite Inc. (NASDAQ:AMST) saw multiple insider purchases following a confidentially marketed public offering. Director Gilbert S. Omenn acquired 3,333 shares at $3.00 per share, totaling $9,999. Director George Parmer purchased 83,333 shares at the same price, investing $249,999. CEO Ann Marie Sastry made the largest purchase, acquiring 333,333 shares for approximately $999,999. These purchases come as the stock has experienced a 41% decline over the past week.

Top Insider Sells:

Dell Technologies Inc. (NYSE:NYSE:DELL ) witnessed significant selling activity from Silver Lake Group, L.L.C., a major stakeholder. Multiple transactions were reported, with total sales amounting to approximately $198.29 million. The sales were executed at prices ranging from $119.67 to $125.50 per share over several days. These transactions involved various Silver Lake affiliates and resulted in substantial reductions in their holdings. The sales come after Dell's impressive 57% stock price gain over the past year.

Investors should pay close attention to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider purchases often signal confidence in a company's future, sales may have various motivations and should be interpreted cautiously. However, these transactions alone should not be the sole basis for investment decisions, and investors should consider them alongside other fundamental and technical analyses.

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Source: Investing.com