Regional Banks See More Insider Activity

JC Parets
May 2, 2023

The largest insider buy on today’s list comes in a Form 4 filing by Impinj, Inc. $PI director Steve Sanghi.

Sanghi reported a purchase of PI shares worth $1,997,500.

The only 13G on our list was filed by Citadel Advisors, which revealed an initial stake of 5.20% in 2seventy bio $TSVT.

Here’s The Hot List, with data through May 1, 2023:

There was insider activity in multiple regional banks, including Lakeland Financial Corporation $LKFN, U.S. Bancorp $USB, FB Financial Corporation $FBK, and Texas Capital Bancshares $TCBI.

In the options market, there was bullish flow in Lyft Inc $LYFT,  Pinterest $PINS, Interactive Brokers Group $IBKR and Snap Inc $SNAP.

The only stock that saw bearish flow was PacWest Bancorp $PACW.

Stay tuned. We'll be back on Wednesday with more insider activity.

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All Star Charts Team

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