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.

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All Star Charts Team

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