OptionsHawk monitors insider trading activity daily and pay the greatest attention to insider buying as while selling is done for a multitude of reasons, buying is always a positive signal from management. We often notice insider activity aligning with key technical/valuation levels and can also draw conclusions from related options activity. We focus on the most intriguing insider buys which may be ones at attractive valuation, ones that are large and/or rare, or when buyers are active with shares strong and near highs.
Trading Spotlight – Axsome Therapeutics (AXSM)
Axsome Therapeutics (AXSM) with a notable insider buy on 6-25 from Director Mark Coleman of $374,280 in stock at $23.10. AXSM has seen buys from the CFO and another director this year from $20.80 to $23 with over $400,000 in stock accumulated since March. AXSM shares...
Trading Spotlight – G-III Apparel (GIII)
G-III Apparel (GIII) with a sizable insider buy last week from CEO Morris Goldfarb of 40,479 shares at $25.39, a more than $1M buy. Goldfarb has been CEO for 25 years after taking over for his father and helped restructure the company from a small leather coat outlet...
Trading Spotlight – Fox (FOX)
Fox (FOX) with a notable insider buy last week from Chairman Rupert Murdoch of $21.1M in stock at $35.29. Shares have traded weak since the asset sale to Disney (DIS) in March and looking for support around $34 recently and potentially out of a downtrend around...
Trading Spotlight – Cisco (CSCO)
Cisco (CSCO) with a rare open market buy this week from Director Wesley Bush of 10,000 shares at $55.74, the first since 2016 and largest since 2009. CSCO shares have been strong in 2019 up more than 25% and flagging near new multi-year highs. The current range...
Trading Spotlight – Discovery (DISCA)
Discovery (DISCA) with a notable insider buy on 5/28 from Peter Faricy of 35,900 shares at $27.91. The $1M investment is the largest open market buy since mid-2018. Faricy came to DISCA in late 2018 from Amazon and is the CEO of their DTC business where he oversees...
Trading Spotlight – Catalent (CTLT)
Catalent (CTLT) with notable insider buying since Q4 with a Director in September 2018 purchasing $430K of stock, a Director in November buying $489K of stock, and two other Directors in May buying $530K of stock while on 5-30 the President of Gene Therapy purchased...
Trading Spotlight – Wabtec (WAB)
Wabtec (WAB) insiders were actively buying stock last week with shares down 32.2% over the past year, two Directors and an EVP purchasing more than $1.3M in shares last week in the $62.94 to $65.26 range. On the chare shares are back to a level that held as support...
Trading Spotlight – Wayfair (W)
Wayfair (W) with a notable insider buy this week from Director Michael Andrew Kumin of 3,000 shares at $141, a more than $420K investment. Kumin bought over $2.2M in stock in 2018. He is a managing partner at Great Hills Partners. Shares of Wayfair are about 14% off...
Trading Spotlight – SS&C (SSNC)
SS&C (SSNC) with a sizable insider buy this week from Director Michael Zamkow of 17,000 shares at $59.76, a more than $1M purchase. This is the largest buy since November when another director bought $445K in stock at $44.60. SSNC has traded well this year, up...
Trading Spotlight – Grub Hub (GRUB)
Grub Hub (GRUB) with a sizable open market buy from CEO Matthew Maloney on 4/30 at $64.87, a $1M purchase. It was the largest buy in the name since going public. Maloney founded GRUB and led the company through five rounds of investments and a merger with Seamless...