Danaos Ups EGLE Stake to 11.32%

JC Parets
June 23, 2023

The most significant transaction on today's list comes in a Form 4 filing by Danaos Corp $DAC, which revealed a purchase of $7.2 million in Eagle Bulk Shipping Inc $EGLE.

Danaos has quietly amassed an 11.32% ownership stake in its competitor in recent months.

Eagle Bulk has adopted a limited duration shareholder rights plan, or “poison pill” to ward off a takeover attempt.

Commodore Capital revealed a purchase of $6.8 million in Vera Therapeutics $VERA in its latest Form 4.

Here’s The Hot List, with data through June 22, 2023:

In another Form 4, the CEO of Pebblebrook Hotel Trust $PEB reported a small purchase of his company’s stock.

In the options market, there was bullish flow in DraftKings Inc $DKNG, Sotera Health Company $SHC, Euronav NV $EURN, and Abbott Laboratories $ABT.

Have a great weekend. We'll be back on Monday with more insider activity.

If you want these insider transactions e-mailed to you every morning, click here to sign up for The Hot Corner.

And please reach out with any questions. We love hearing from you!

All Star Charts Team

Filed Under