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COP CEO Lance Makes Big FCX Buy

August 31, 2022

The most significant insider activity on today's list comes in a Form 4 filing by Ryan M. Lance, the CEO at ConocoPhillips $COP.

However, it wasn’t COP shares that Lance just reported purchases worth roughly $1 million in.

It was the metals and mining company and economic bellwether Freeport-McMoRan $FCX, whom Lance also serves as a director for.

Mario Gabelli’s GAMCO Investors filed a 13D for Hyster-Yale Materials Handling $HY, revealing an increased ownership stake from 7.28% to 8.32%.

GAMCO has been gradually increasing its investment in HY since late 2019.

Here’s The Hot List, with data through August 30, 2022:

There was also an original form 13G from Millenium Management, which reported a new position in Health Catalyst $HCAT representing a 5.20% interest.

The CEO of Calumet Specialty Products Partners $CLMT filed a Form 4 reporting a purchase of 7,095 shares, equivalent to $125,000 worth of stock.

In the options market, there was bullish flow in the Gap Inc $GPS and Nutanix $NTNX.

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

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All Star Charts Team

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