Insider Trading Roundup: Thursday's Top Buys and Sells Revealed

This article summarizes the most significant insider buys and sells from Thursday, September 19, 2024, for US stocks.

Top Insider Buys:

• Sumitomo Mitsui (NYSE:SMFG ) Financial Group, Inc. made a substantial investment in Jefferies Financial Group Inc. (NYSE:JEF), purchasing 9,247,081 shares at $59.67 per share, totaling approximately $551.8 million. The shares are held directly by SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group , reflecting the company's direct interest in Jefferies' financial performance.

• 22NW Fund LP made a significant acquisition of shares in CULP INC (NYSE:CULP), purchasing a total of 240,047 shares over a series of transactions from September 17 to September 19, 2024. The purchase prices ranged between $5.8538 and $6.314 per share, amounting to over $1.46 million.

• Gary Guidry, President and CEO of Gran Tierra Energy Inc. (NYSEAMERICAN:NYSE:GTE ), bought a total of 100,000 shares over three consecutive days, with stock prices ranging from $6.03 to $6.27 per share. The total value of these transactions amounted to $617,000, increasing Guidry's direct ownership to 525,672 shares.

• Ian Jiro Harris, Chief Financial Officer of Talkspace, Inc. (NASDAQ:TALK), acquired a total of 70,100 shares over three separate transactions. The purchases were made at average prices ranging from $2.07 to $2.20 per share, with a total investment of over $148,000.

Top Insider Sells:

• Robson Walton, a Walmart Inc. (NYSE:NYSE:WMT ) executive, sold a total of 2,163,616 shares in multiple transactions on September 17 and 19, 2024. The sales were executed at prices ranging between $78.0818 and $79.8263 per share, totaling over $170 million.

• Jim Walton, a significant shareholder of Walmart Inc. (NYSE:WMT), disposed of 2,472,613 shares between September 17 and September 19, 2024. The transactions were executed at varying prices, ranging from $78.0818 to $79.8263 per share, netting approximately $170.98 million.

• Alice Walton, another significant shareholder of Walmart Inc. (NYSE:WMT), sold 2,219,617 shares over several days. The sales were executed at prices ranging from $78.0818 to $79.8263 per share, amounting to over $170 million.

• Berry Ryan, Chief Marketing and Strategy Officer of Ares Management Corp (NYSE:NYSE:ARES ), sold Class A Common Stock over a three-day period. The transactions totaled over $7.6 million, with shares sold at varying prices between $150.00 and $156.87.

• Intuit Inc. (NASDAQ:INTU ) founder Scott Cook sold a substantial amount of company stock through a trust, totaling over $50 million. The sales were executed on September 17th and 18th, with prices ranging between $632.9819 and $648.6336 per share.

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 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 transactions should be considered as part of a broader investment strategy.

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Source: Investing.com