Looks Like Another Big Win for Baker Bros.

JC Parets
July 7, 2022

We were just talking about how we liked the strength from Baker Bros. Advisors’ largest holding, Seagen $SGEN, during yesterday’s weekly in-house analysts’ call.

This morning, the Wall Street Journal reported that Merck & Co. $MRK is in advanced discussions to acquire the cancer biotech for $40 billion.

This looks like another big win for Julian and Felix Baker. SGEN is up about 5% in pre-market trading.

The largest insider transaction on today's list is a Form 4 filing by Nimish P. Shah, who reported an additional purchase of roughly $847,230 worth of Tricida $TCDA.

Neil Gagnon of Gagnon Advisors LLC revealed a purchase of approximately 25,700 shares of the small-cap software company SecureWorks Corp $SCWX.

Here’s The Hot List, with data through July 6, 2022:

The only 13G on our list was filed by Victory Capital Management, revealing an ownership stake of 10% in the small-cap computer networking company NetGear $NTGR.

In the options market, there was bullish flow in the social media app Snap $SNAP, Goodyear Tire & Rubber Company $GT, and the retail broker Robinhood $HOOD.

There was also bullish flow in the metals and mining company and economic bellwether Freeport-McMoRan $FCX.

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

If you want these insider transactions e-mailed to you every morning, click here to sign up for The Hot Corner.

And please reach out with any questions. We love hearing from you!

All Star Charts Team

Filed Under