Five CEOs Report Inside Buys

JC Parets
September 9, 2022

The largest insider transaction on today's list is a Form 4 filing by Loews Corp.

The New York City-based investment conglomerate reported a purchase of roughly $5.7 million in CNA Financial Corp $CNA.

CNA is Loews’ largest investment by far, as it owns 89% of outstanding shares.

Mario Gabelli of GAMCO Investors filed a 13D revealing an increased stake of approximately 1% in Aerojet Rocketdyne Holdings $AJRD.

Gabelli now owns 7.13% of outstanding shares, up from the 6.07% he reported on December 21, 2021.

Here’s The Hot List, with data through September 8, 2022:

A handful of CEOs filed Form 4s for insider purchases yesterday:

  • Health Catalyst $HCAT
  • Hanesbrands $HBI
  • PennyMac Mortgage Investment Trust $PMT
  • B. Riley Financial $RILY
  • Life Time Group Holdings $LTH

The only 13G on our list today was filed by Millennium Management LLC, which revealed an initial 5.20% ownership stake in Insight Enterprises $NSIT.

In the options market, there was bullish flow in Lyft, Inc $LYFT, Teekay Tankers Ltd $TNK, Bristol-Myers Squibb $BMY, and Opendoor Technologies $OPEN.

Have a great weekend. We'll be back Monday with more insider action.

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All Star Charts Team

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