Friday Insider Trade Moves: Top Buys and Sells from Friday

This article summarizes the most significant insider buying and selling activities for US stocks reported on Friday, October 4, 2024.

Top Insider Buys:

• Oncocyte Corp (NYSEAMERICAN:OCX): Broadwood Partners L.P. increased its stake in Oncocyte Corp by purchasing 1,315,339 shares at an average price of $2.948 per share, totaling approximately $3.88 million. This acquisition demonstrates Broadwood Partners' continued commitment to the diagnostics company, bringing their direct ownership to 6,244,405 shares.

• Cartesian Therapeutics, Inc. (NASDAQ:RNAC): Director and ten percent owner Timothy A. Springer made significant stock purchases totaling approximately $4.29 million. Springer's buying spree included multiple transactions, with the largest single-day purchase being 48,880 shares at an average price of $22.3542. These acquisitions reflect a bullish stance on the pharmaceutical company's future.

• Armour Residential REIT, Inc. (NYSE:ARR): Chairman of the Board Daniel C. Staton acquired 10,000 shares for a total of $198,570. The purchases were made at prices ranging from $19.85 to $19.86 per share, with the shares owned indirectly through DM Staton Family Limited Partnership. This investment indicates Staton's confidence in the company's prospects.

Top Insider Sells:

• Apogee (NASDAQ:APOG ) Therapeutics, Inc. (NASDAQ:APGE): CEO Michael Thomas Henderson sold 40,000 shares of common stock at prices ranging from $56.07 to $56.74, totaling over $2.2 million. The sales were executed under a pre-established Rule 10b5-1 trading plan.

• AutoZone Inc. (NYSE:NYSE:AZO ): Executive Chairman William C. Rhodes III sold shares in two separate transactions. The first involved the sale of 2,135 shares for approximately $7.56 million, with prices ranging from $3,075.20 to $3,110.64 per share. The second transaction saw Rhodes selling additional shares for a total value exceeding $39 million, with individual share prices ranging from $3079.15 to $31115.01.

• Cloudflare, Inc. (NYSE:NYSE:NET ): Chief Financial Officer Thomas J. Seifert sold 15,000 shares of Class A Common Stock in multiple transactions. The total value of the shares sold amounted to approximately $1,187,865, with prices ranging from $78.21 to $79.81 per share.

• Lowe's Companies Inc. (NYSE:NYSE:LOW ): Executive Vice President and Chief Information Officer Seemantini Godbole sold 26,186 shares at $271.73 each, totaling approximately $7.12 million. Godbole also acquired shares through option exercises on the same date.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's internal perspective. 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 note that insiders may have various reasons for buying or selling shares, and these transactions should be considered as part of a broader investment strategy.

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Source: Investing.com