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.

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All Star Charts Team

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