Bill Gates Buys More ECL

Barry Diller’s IAC Inc $IAC filed a Form 4 revealing roughly $10 million of new purchases in MGM Resorts International $MGM.

The media and internet conglomerate has been a minority investor and strategic partner since 2020 and now owns 64,097,402 shares for a total interest of around 15%.

Here’s The Hot List, with data through August 17, 2022:

ValueAct Partners reported the acquisition of roughly 51,600 shares, equivalent to $4.8 million, in Insight Enterprises $NSIT.

In another Form 4, the executive vice-president and CFO of Cleveland-Cliffs $CLF reported a small purchase in the company’s stock. This is his second open market purchase since late April.

There was also bullish insider activity reported in CLF earlier this week by Senator Tommy Tuberville.

Last but not least, there was bullish flow in the cannabis producer and distributor Tilray Brands $TLRY, the motorcycle manufacturer Harley-Davidson $HOG, and the French pharmaceutical company Sanofi $SNY.

There was also bearish flow in Generac Holdings $GNRC.

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

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All Star Charts Team