Edelman's Perceived Advisors Reports a $20 Million CERE Buy

JC Parets
October 18, 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 Joseph Edelman's Perceived Advisors hedge fund.

The investment firm reported a purchase of roughly $20 million in Cerevel Therapeutics Holdings $CERE.

Starboard Value filed a 13D for Fortrea Holdings Inc $FTRE revealing an initial stake of 8.70%.

Here’s The Hot Corner, with data through October 17, 2023:

In another Form 4, director William G. Jurgensen disclosed a small purchase in Lamb Weston Holdings, Inc $LW.

Over in Washington, Sen. Tommy Tuberville of Alabama revealed purchases in the following stocks:

  • The Clorox Company $CLX;
  • Texas Instruments Incorporated $TXN;
  • Kimberly-Clark Corporation $KMB;
  • QUALCOMM Incorporated $QCOM;
  • Louisiana-Pacific Corporation $LPX; and
  • Cleveland-Cliffs Inc $CLF.

In the options market, there was bullish flow in The Goodyear Tire & Rubber Company $GT, V.F. Corporation $VFC, VinFast Auto Ltd $VFS, Pilgrim's Pride Corporation $PPC, Cedar Fair, L.P. $FUN, HUYA Inc $HUYA, and Wayfair Inc $W.

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

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All Star Charts Team

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