Wednesday’s Insider Moves: Key Buys and Sells in US Stocks Revealed

This article summarizes the top insider buys and sells for US stocks reported on Wednesday, December 4, 2024.

Top Insider Buys:

• Red Robin Gourmet (NASDAQ:) Burgers Inc. (NASDAQ:RRGB) saw significant insider buying activity. Jumana Capital Investments LLC acquired 800,454 shares at $5.19 per share, totaling approximately $4.15 million. This purchase was part of a private placement agreement and brings Jumana Capital’s total holdings to 1,614,906 shares. The transaction comes as Red Robin faces financial challenges, including a substantial debt burden of $595 million.

• JCP Investment Partnership, LP, along with its affiliates, also made a substantial investment in Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB). The group purchased 800,455 shares at $5.19 per share, amounting to an investment of about $4.15 million. This acquisition was part of the same private placement agreement and has increased JCP Investment’s stake to over 10% of Red Robin’s outstanding shares.

• Biglari Holdings Inc. (NYSE:BH) reported insider buying by its Chairman and CEO, Sardar Biglari. Through affiliated entities, Biglari acquired shares valued at approximately $1.5 million over three days. The purchases included both Class A and Class B common stock at prices ranging from $217.16 to $1108.95 per share.

• Catalyst Bancorp, Inc. (NASDAQ:CLST) saw its President and CEO, Joseph B. Zanco, increase his stake in the company. Zanco purchased a total of 14,583 shares over two days at average prices of $11.791 and $11.867 per share, for a total investment of approximately $172,423.

Top Insider Sells:

• Apollo Global Management, Inc. (NYSE:NYSE:) reported a significant insider sale by Leon D. Black, a major shareholder. Black sold shares worth approximately $173.5 million over several transactions conducted between December 2 and December 4, at prices ranging from $173.0107 to $175.4146 per share.

• Revolve Group , Inc. (NYSE:NYSE:) Co-Chief Executive Officer Michael Mente sold shares valued at approximately $9.38 million over three days. The sales were executed at various prices ranging from $34.62 to $36.24 per share.

• Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a large insider sale as WCAS XIII Carbon Analytics Acquisition, L.P. and associated entities sold 10,645,133 shares of Class A Common Stock at $29.25 per share, totaling approximately $311.37 million.

• MP Materials Corp. (NYSE:MP) Chairman and CEO James H. Litinsky sold 1,814,777 shares over two days, totaling approximately $41.8 million. The sales were executed at prices ranging from $20.68 to $23.81 per share under a pre-established 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 prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other fundamental and technical analysis. It’s important to consider the overall financial health, market conditions, and individual circumstances of each company when interpreting these insider moves.

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