VA Partners Reports a $100 Million CRM Purchase

JC Parets
June 6, 2024

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by VA Partners LLC.

The investment firm bought 428,000 shares of Salesforce Inc $CRM, equivalent to $99.7 million.

Here’s the chart of CRM:

The stock is finding support at the AVWAP from the 2022 lows after falling approximately 20% on earnings last week.

The bias is sideways for longer if the price remains stuck in the range.

However we have a clear level at approximately 312. If and when buyers lift price above that critical area of ​​resistance, CRM could finally take off.

Elsewhere, Thomas. C. "Colm" Kelleher, director of Norfolk Southern Corporation $NSC, revealed a purchase of $501,957 in his own company’s stock.

Here’s The Hot Corner, with data through June 5, 2024:

Control Empresarial de Capitales S.A. revealed a $12 million purchase in PBF Energy Inc $PBF in its latest Form 4.

Here’s the PBF chart:

PBF has been carving out a base since 2018. 

Our line in the sand lies at 54 as it coincides with a shelf or former highs.

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

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All Star Charts Team

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