Steel Stock Insiders Are Buying

In its fifth filing of the last two weeks, Singapore's sovereign wealth fund GIC Private LTD reported an additional purchase of $6,227,959 in Affirm Holdings $AFRM, boosting its total ownership interest to about 10.20%.

Here’s The Hot List, with data through April 29, 2022:

In another Form 4, the CFO of Cleveland-Cliffs Inc $CLF reported a $105,260 purchase of the company's stock.

Last week, the president of Cleveland-Cliffs filed a Form 4 and reported an open market purchase of about $120,000.

We’re keeping a close eye on this one, as there’s usually something up when we see multiple corporate insiders buying stock at the same time.

There was a handful of insider activity in the banking sector, with Form 4 filings for United Bankshares $UBSI, Western Alliance $WAL, and First Financial Bankshares $FFIN.

Last but not least, there was bullish options flow in Plug Power $PLUG, Marriott International $MAR, and Hertz Global Holdings $HTZ.

There was also some bearish flow in the cryptocurrency exchange platform Coinbase Global Inc $COIN, which closed the week at new all-time lows.

Stay tuned. We'll be back Tuesday with more insider action.

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All Star Charts Team