Thursday's Insider Trading Activity: Top Buys and Sells in US Stocks Revealed

This article summarizes the most significant insider buying and selling activities in US stocks reported on Thursday, October 24, 2024.

Top Insider Buys:

• Five Point Holdings, LLC (NYSE:FPH ): Sam Levinson, a director at Five Point Holdings, made a substantial investment in the company by purchasing 3,283,024 Class A common shares at $3.15 per share, totaling approximately $10.3 million. This transaction increased his indirect ownership to 6,219,241 shares. Additionally, Levinson received 10,730 Class A common shares as part of the company's director compensation program, set to vest on December 31, 2024.

• Tectonic Therapeutic, Inc. (NASDAQ:TECX): Timothy A. Springer, a director and significant shareholder, increased his stake in the company by purchasing 300,000 shares at $33.59 per share, totaling approximately $10.08 million. Following this acquisition, Springer's direct ownership stands at 4,096,764 shares, with additional indirect ownership through his spouse and an LLC.

• Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF): Jeffrey Richart Geygan, the Interim CEO, and Global Value Investment Corp. (GVIC) both made significant purchases of RMCF stock. Geygan acquired 507,054 shares indirectly through GVIC, while GVIC itself purchased 508,054 shares. These transactions, executed over three days, ranged from $2.4157 to $2.6966 per share, totaling approximately $1.35 million each.

Top Insider Sells:

• Samsara Inc. (NYSE:NYSE:IOT ): CEO Sanjit Biswas sold 95,000 shares of Class A Common Stock at prices ranging from $46.9578 to $47.8396 per share, totaling approximately $4.52 million. Additionally, John Bicket, Executive Vice President and Chief Technology Officer, sold 96,000 shares at similar prices, generating about $4.5 million.

• Carvana Co. (NYSE:NYSE:CVNA ): Paul Breaux, Vice President, General Counsel, and Secretary, sold 40,000 shares at an average price of $198 per share, amounting to $7.92 million. Daniel J. Gill, Chief Product Officer, sold 44,000 shares at prices ranging from $200.11 to $200.18 per share, totaling approximately $8.8 million.

• General Motors Co (NYSE:NYSE:GM ): Mary Barra, Chair and CEO, sold 506,824 shares at a weighted average price range between $53.16 and $53.58, amounting to approximately $27 million. Barra also exercised stock options to acquire 206,824 shares at $41.40 per share.

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.

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Source: Investing.com