Insiders Are Buying Regional Banks

JC Parets
November 2, 2022

The largest insider transaction on today's list was reported in a Form 4 filing by former Coca-Cola $KO director Herbert Allen.

Allen reported a purchase worth roughly $2 million.

The CEO of Biohaven Pharmaceutical Holding Company $BHVN revealed the acquisition of 25,800 shares of his own stock at a purchase price of $411,995.

Here’s The Hot List, with data through November 1, 2022:

In other Form 4 filings, director Matthew Cohn disclosed a purchase valued at $585,379 in The Bancorp $TBBK.

We’ve seen a lot of insider interest in regional banks recently.

Another one on our list today is PCB Bancorp $PCB, which just had a purchase reported by the company chairman Sang Young Lee.

In the options market, there was bullish flow in Alcoa Corp $AA, Cano Health Inc $CANO, and DuPont de Nemours $DD.

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

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All Star Charts Team

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