Cormorant Raises Its MLTX Stake to 15.2%

JC Parets
October 11, 2023

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management.

The hedge fund reported a $3.5 million purchase of MoonLake Immunotherapeutics $MLTX stock, increasing its ownership stake to 15.20%.

ARK Investment Management LLC filed a 13G for Archer Aviation Inc $ARCH revealing an increase in ownership from 4.00% to 11.41%.

Here’s The Hot Corner, with data through October 10, 2023:

There was also insider activity in Overstock.com, Inc $OSTK, Alight, Inc $ALIT, and Conagra Brands, Inc $CAG.

Over in Washington, Rep. Ro Khanna of California revealed purchases in the following stocks:

  • Pfizer Inc $PFE ($50,000 - $100,000)
  • McDonald's Corporation $MCD ($15,000 - $50,000)
  • CVS Health Corporation $CVS ($15,000 - $50,000)
  • Kellogg Company $K ($15,000 - $50,000)
  • Microsoft Corporation $MSFT ($15,000 - $50,000)
  • AbbVie Inc $ABBV ($15,000 - $50,000)
  • The Estee Lauder Companies Inc $EL ($15,000 - $50,000)
  • Nasdaq, Inc $NDAQ ($15,000 - $50,000)

In the options market, there was bullish flow in United Natural Foods Inc $UNFI, ChargePoint Holdings Inc $CHPT, Farfetch Limited $FTCH, and Snap Inc $SNAP.

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

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All Star Charts Team

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