Icahn Buys More SWX

October 27, 2022

We got a new Form 13D from our favorite corporate raider yesterday, as Carl Icahn revealed an increased ownership stake in Southwest Gas $SWX.

Icahn now owns 9.8% of outstanding shares, a very slight uptick from the 9.7% he reported on September 7.

Yesterday, the First Financial Bankshares $FFIN CEO and two directors filed separate Form 4s reporting purchases worth a combined $408,340.

Here’s The Hot List, with data through October 26, 2022:

In another Form 4, Balmon California Inc. reported a purchase worth roughly $273,016 in Riley Exploration Permian $REPX.

Balmon does not appear to be an investment advisor and has never filed a 13F.

In the options market, there was bullish flow in Cano Health $CANO, The Gap Inc $GPS, and YETI Holdings $YETI.

The only stock that saw bearish flow was International Flavors & Fragrances Inc $IFF.

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

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All Star Charts Team

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