Interest in PINS Stands Out

Now that the second quarter blackout period is behind Pinterest, CEO William J. Ready is also buying shares. He just reported a rather sizable $5 million purchase.

We can’t think of many things more bullish than the CEO getting involved following the insider activity from Elliott last week.

The insider interest in this name really stands out. We’ll be discussing it more today during the Inside Scoop Weekly Strategy Session.

Joseph Edelman of Perceptive Advisors revealed a purchase of approximately 412,406 shares of Aldeyra Therapeutics $ALDX in a Form 4 filing.

Here’s The Hot List, with data through August 4, 2022:

In another Form 4, the chief innovation officer of PROG Holdings $PRG reported a $962,500 purchase in the company’s stock.

The CEOs of Ares Capital $ARCC and Sealed Air Corp $SEE both filed Form 4s reporting small purchases of their own stock.

Last but not least, there was bullish options flow in Bed Bath & Beyond $BBBY and 8x8 Inc $EGHT.

There was also bearish flow in the hair care products company Olaplex Holdings $OLPX.

Have a great weekend. We'll be back Monday 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