Icahn Raises His SWX Stake

JC Parets
August 17, 2022

The most significant insider transaction on today’s list comes in a 13D from Carl Icahn.

Icahn increased his ownership stake in the natural gas services company Southwest Gas Holdings $SWX from 7.6% to 8.7%.

JPMorgan Chase & Company $JPM revealed a purchase of roughly $5 million in Ribbon Communications $RBBN in a Form 4.

JPMorgan now owns 51,594,927 shares for a total interest of 34.3%.

Both the CEO and the CFO of Quanterix $QTRX filed Form 4s disclosing share purchases worth a combined total of about $2,118,875.

This kind of insider buying from the C-suite always stands out.

Here’s The Hot List, with data through August 16, 2022:

Both the CFO and a long-standing director at Cassava Sciences $SAVA filed Form 4s revealing purchases of a combined 102,500 shares, worth north of $2 million.

SAVA is up about 20% on this news in the pre-market session.

There was a 13D filed by Oaktree Capital Management LP revealing a 10.10% stake in Oaktree Specialty Lending Corp $OCSL.

In another Form 4, director Jackson P. Tai of Eli Lilly and Company $LLY reported a purchase of $199,548 in his own shares.

In the options market, there was bullish flow in Occidental Petroleum $OXY, Snap Inc $SNAP, and fuboTV $FUBO.

On the other hand, the American coffee chain Dutch Bros $BROS experienced bearish flow.

Stay tuned. We'll be back Thursday 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