SBUX Board Members Are Buying Stock

JC Parets
September 19, 2022

The largest insider transaction on today’s list is a Form 4 filing by two members of the Starbucks $SBUX board of directors, chair Mellody Hobson and member Richard Allison.

They reported purchases of SBUX worth a combined $5.9 million.

Accel Leaders Fund reported the acquisition of $3.7 million in Freshworks $FRSH.

The hedge fund now has a total stake in FRSH of greater than 60%.

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

The only 13D on our list today was filed by Starboard Value, which revealed an initial 9% ownership stake in Wix.com $WIX.

In another Form 4, Director Andrew Miles Snyder acquired 208,333 shares, equivalent to $3 million in Clarivate Plc $CLVT.

Over in Washington, Rep. Kevin Hern of Oklahoma reported purchases in Coterra Energy $CTRA and ASML Holding N.V. $ASML.

Rep. Thomas Suozzi from New York also reported a purchase worth between $15,000 and $50,000 in APA Corporation $APA.

Last but not least, there was bullish options flow in Canopy Growth Corp $CGC, StoneCo Ltd $STNE, and SunOpta $STKL.

On the other hand, Starwood Property Trust $STWD saw bearish flow.

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

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All Star Charts Team

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