Biotech Stocks See Bullish Options Flow

JC Parets
June 21, 2022

The largest insider transaction on today’s list comes in a Form 4 filing from Allied Physicians of California.

The firm reported a purchase of roughly $9.2 million in Apollo Medical Holdings $AMEH. It now owns about 11 million shares for a total ownership interest of 19%.

The CEO and president of Vacasa $VCSA revealed a purchase of 500,000 shares, equivalent to $1,385,600 worth of stock.

The only 13G on our list was filed by Deep Track Capital, revealing an ownership stake of 5.60% in the mid-cap biotech company Global Blood Therapeutics $GBT.

Here’s The Hot List, with data through June 17, 2022:

In another Form 4, the chairman and CEO of Shift4 Payments $FOUR disclosed a purchase of approximately $876,204 worth of his own stock.

There was also insider activity in OPKO Health $OPK and New Mountain Finance Corp $NMFC, as both CEOs reported small purchases.

In the options market, there was bullish flow in three biotech companies, Mind Medicine $MNMD, Liquidia Corp $LQDA, and Exelixis $EXEL.

There was also bullish flow in the Chinese automaker XPeng $XPEV and the industrial conglomerate 3M Company $MMM.

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

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All Star Charts Team

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