Activists Load up on Biotech Stocks

JC Parets
October 31, 2022

The largest insider buy on today's list is a Form 4 filing by CD&R Boulder Holdings LP.

The firm disclosed the purchase of approximately $6 million worth of shares in Beacon Roofing Supply $BECN.

Citadel Advisors LLC filed a 13G for Tricida $TCDA, revealing an initial stake of 6.10%.

Here’s The Hot List, with data through October 28, 2022:

Phillip Forst, the chairman and CEO of OPKO Health $OPK, revealed an additional purchase of approximately 100,000 shares of stock.

There were 13Gs filed for three biotech companies:

  • Travere Therapeutics $TVTX, filed by Adage Capital Partners LP (increase in ownership from 2.13% to 6.14%);
  • Aurinia Pharmaceuticals $AUPH, filed by Deep Track Capital LP (original filing of 5.53%); and
  • Akouos $AKUS, filed by Beryl Capital Management LLC (original filing of 8.20%).

Over in Washington, there was some activity from Rep. Michael J. Garcia of California, who disclosed purchases in Tesla Inc $TSLA.

Last but not least, there was bullish flow in TAL Education Group $TAL, Aurinia Pharmaceuticals $AUPH, Green Plains $GPRE, and PennyMac Mortgage Investment Trust $PMT.

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

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All Star Charts Team

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