Tuesday's Insider Trades: Major Buys and Sells in US Stocks Revealed

This article summarizes the top insider buys and sells from Tuesday, November 5, 2024, for US stocks.

Top Insider Buys:

• PBF Energy Inc. (NYSE:PBF ) saw a significant purchase by Control Empresarial de Capitales S.A. de C.V., a major shareholder. They acquired 150,000 shares of Class A common stock on November 1, 2024, at a weighted average price of $28.66 per share, totaling approximately $4.3 million. This acquisition increased their total holdings to 26,112,498 shares, representing about 22.7% of PBF Energy's outstanding Class A common shares.

• Herbalife Ltd. (NYSE:NYSE:HLF ) director Juan Miguel Mendoza increased his stake in the company by purchasing 5,000 shares of common stock. The transactions occurred on November 4 and 5, with prices ranging from $7.98 to $8.00 per share, amounting to a total investment of $39,950. Following these purchases, Mendoza now directly owns 125,000 shares of Herbalife.

• Bristol Myers Squibb Co. (NYSE:NYSE:BMY ) Executive Vice President and Chief Medical (TASE:PMCN ) Officer Samit Hirawat made a notable purchase of 1,830 shares of common stock on November 1, 2024. The acquisition was made at an average price of $54.675 per share, totaling approximately $100,055. This transaction increased Hirawat's direct ownership to 62,109 shares.

• UMB Financial Corp (NASDAQ:UMBF ) director Greg Graves acquired 257.6186 shares of the company's common stock on November 1, 2024. The purchase was executed at a price of $109.29 per share, amounting to a total value of $28,155. Following this acquisition, Graves now holds a total of 36,244.3806 shares, including those acquired through the company's dividend reinvestment plan.

• WillScot (NASDAQ:WSC ) Holdings Corp (NASDAQ:WSC) Chief Executive Officer Bradley Soultz recently purchased 5,000 shares of the company's common stock at $36.38 each, totaling approximately $181,900. This transaction increased Soultz's direct ownership to 144,686 shares. Additionally, Soultz transferred 5,000 shares to the Ellen M. Soultz Irrevocable Trust without financial consideration.

Top Insider Sells:

• Tesla Inc. (NASDAQ:TSLA ) director Kimbal Musk sold 63,385 shares on November 1, 2024, generating approximately $15.1 million. The shares were sold at prices ranging from $247.318 to $253.78 per share. Musk also exercised options to acquire 15,000 shares at $24.73 each. Following these transactions, Musk holds a total of 1,563,220 shares directly.

• Confluent, Inc. (NASDAQ:CFLT) Chief Marketing Officer Stephanie Buscemi sold 164,123 shares of Class A Common Stock on November 1, 2024. The shares were sold at an average price of $26.24, generating approximately $4.31 million. Following the transaction, Buscemi holds 149,644 shares of Class A Common Stock.

• Impinj Inc . (NASDAQ:PI ) stakeholder Sylebra Capital LLC executed substantial stock sales on November 1 and 4, involving a total of 118,043 shares. The transactions were executed at prices ranging from $195.0 to $195.432 per share, resulting in a total sale value of approximately $23 million. Following these transactions, Sylebra Capital's indirect ownership stands at 2,903,505 shares.

• Reddit, Inc. (NASDAQ:RDDT) director Michael Seibel sold shares worth approximately $9.1 million on November 1. The sales involved multiple transactions, with prices ranging from $111.22 to $112.09 per share. After these transactions, Seibel retains ownership of 5,128 shares directly.

• Harmony Biosciences Holdings , Inc. (NASDAQ:HRMY ) director Antonio Gracias sold 4.6 million shares at $30.3025 per share, totaling approximately $139.4 million. The transactions took place on November 1 and 5. Following these sales, Gracias and associated entities now hold 6,618,033 shares of Harmony (JO:HARJ ) Biosciences.

Investors should stay tuned to insider buys and sells 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 clues about management's confidence in the company's future performance. However, it's important to consider these transactions in the context of broader market trends and company-specific factors before drawing conclusions.

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Source: Investing.com