Insiders Are Hot for This Summer Rally

JC Parets
August 4, 2022

Insiders are finally buying into the summer rally. We haven’t seen this much action on our Hot List in months!

The largest insider transaction on today’s list is a Form 4 filing by the Chairman and CEO of American Assets Trust $AAT, with a roughly $1 million purchase.

The CEOs of Ranpak Holdings $PACK, Employers Holdings $EIG, PROG Holdings $PRG, Apollo Investment $AINV, and Accolade $ACCD all filed Form 4s reporting purchases of their own stock.

Here’s The Hot List, with data through August 3, 2022:

Antonio Garza, independent director at The Greenbrier Companies $GBX disclosed the acquisition of 8,195 shares, equivalent to roughly $250,000.

In its latest Form 4 filing, Turtle Creek Asset Management revealed a 29,700-share purchase of JELD-WEN Holding $JELD, increasing its total ownership to 13.40%.

In the options market, there was bullish flow in Warner Bros Discovery $WDB, Nordstrom $JWN and Urban Outfitters $URBN.

There was also bearish flow in the TV streaming platform Roku Inc $ROKU.

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

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All Star Charts Team

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