GME, PCT, and DKNG Just Keep Showing Up

JC Parets
March 25, 2022

Revolution Medicines $RVMD director Thilo Schroeder is back on our list for the third time in just two weeks with another Form 4 filing.

Following last week’s $3.4 million buy, he revealed an additional $5.5 million purchase in his latest filing.

The notorious shared office space startup WeWork $WE is on our list today with a small insider buy reported by CEO Sandeep Mathrani.

For the third consecutive day, we have a Form 4 insider filing by a GameStop $GME executive. The latest purchase was by another director, Alan Attal, who purchased about $200,000.

Another name that keeps making it onto our list is PureCycle Technologies $PCT.

We’ve already discussed a handful of Form 4s filed for the stock earlier this week. Today, we have a 13D, which was filed by Sylebra Capital revealing a 18.70% ownership stake.

Here’s The Hot List, with data through March 24, 2022:

In the options market, there was bullish activity in another repeat hot list offender, DraftKings $DKNG.

Following several Form 4 filings by company executives this month, now options market participants are making a bullish bet on the stock.

We love it when the same stocks continue to appear on our list. It’s even better when it makes it onto our list due to various insiders making purchases.

This has been the case with GME, PCT, and DKNG in recent weeks. We want to pay close attention to these names going forward.

One last name that stands out is the legacy tech stock, Xerox Holdings $XRX. Options traders were active in two separate out-of-the-money call contracts yesterday.

Have a great weekend. We'll be back Monday with more insider action.

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All Star Charts Team

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