This article summarizes the most significant insider buying and selling activities for US stocks reported on Thursday, October 3, 2024.
Top Insider Buys:
• Appian Corp (NASDAQ:): Abdiel Capital Advisors, LP and its affiliated funds increased their stake in Appian Corp, purchasing shares at a weighted average price of $33.75. The total value of the acquired shares amounted to approximately $346,443, demonstrating the firm’s confidence in Appian’s future prospects in the software industry.
• BioAge Labs, Inc. (NYSE:BIOA): Director Vijay Satyanand Pande significantly increased his stake in the company, acquiring a total of $4.3 million worth of common stock over three days. The transactions took place from October 1st to October 3rd, with share prices ranging from $19.73 to $19.90. Pande’s substantial investment showcases strong confidence in the biotech firm’s potential.
• New Fortress Energy Inc. (NASDAQ:): CEO Wesley R. Edens made a significant investment of approximately $50 million in the company’s stock. Edens purchased 5,793,742 shares at $8.63 per share as part of the company’s underwritten public offering. Following the transaction, Edens’s beneficial ownership increased to 35,721,915 shares, held indirectly through Edens Family Partners LLC.
• Vivani Medical, Inc. (NASDAQ:VANI): Chief Business Officer Donald Dwyer acquired additional shares in the company over a three-day span. Dwyer purchased a total of 2,500 shares of common stock, with prices ranging from $1.13 to $1.14 per share. The total investment amounted to $2,835, signifying a direct investment in the company.
Top Insider Sells:
• Korn Ferry (NYSE:NYSE:): CEO Gary D. Burnison sold a significant portion of his shares, totaling 99,000 shares of common stock over three days. The transactions amounted to over $7.3 million, with prices ranging from $72.1631 to $74.05 per share.
• Apple Inc. (NASDAQ:): CEO Timothy Cook sold a substantial amount of company stock, totaling over $50 million. Cook executed multiple sales transactions involving 171,046 shares at prices ranging from $223.75 to $226.57 per share. These sales were made according to a pre-arranged Rule 10b5-1 trading plan.
• Apple Inc. (NASDAQ:AAPL): Chief Operating Officer Jeffrey E. Williams sold 57,730 shares, amounting to over $13.5 million. The transactions occurred over two days, with share prices ranging from $226.80 to $227.22. These sales were also part of a pre-arranged Rule 10b5-1 trading plan.
• Apple Inc. (NASDAQ:AAPL): Senior Vice President, General Counsel, and Secretary Katherine L. Adams sold shares worth over $13 million. The sales took place over two days, with varying numbers of shares sold at different price points, ranging from $223.79 to $227.24 per share.
• Apple Inc. (NASDAQ:AAPL): Senior Vice President Deirdre O’Brien sold 61,019 shares valued at over $13 million. The transactions occurred on October 2, 2024, with prices ranging between $226.72 and $227.13, executed under a Rule 10b5-1 trading plan.
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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