The largest insider buy on today's list is a Form 4 filing by Column Group, which reported the purchase of approximately $5.8 million in NGM Biopharmaceuticals $NGM.
Kevin Riley, the CEO and president of First Interstate BancSystem $FIBK, revealed a purchase of approximately 2,900 shares in the regional bank.
The bears are getting creative with their theories.
You notice?
And there are a lot of bears out there. More than we've seen in a long, long time depending on how exactly you're counting them.
So the big question is whether we've seen A bottom or if we've seen THE bottom.
And the truth is no one knows until after the fact.
All we can do is continue to collect the data as it comes in and make the best decisions with incomplete information.
The first thing that needs to happen before stocks can go up, is that they need to stop going down.
That's just math.
And what's interesting is that with lower lows in the price of most major U.S. Indexes a couple of weeks ago, fewer stocks were actually able to make new lows....
Director Meridee Moore of Rayonier $RYN reported a purchase of 12,000 shares of her company's stock in a Form 4 filing.
The CEOs of Solo Brands $DTC, American Assets Trust $AAT, OPKO Health $OPK, SoFi Technologies $SOFI, and Doximity $DOCS all filed Form 4s reporting small purchases of their own stocks.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
When investing in the stock market, we always want to approach it as a market of stocks.
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions… but there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club. We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports. Now, we're also highlighting lagging stocks on a recurring basis.
The largest insider buy on today’s list comes in a Form 4 filing by ValueAct Capital.
It reveals an additional purchase of roughly $7.8 million in Insight Enterprises $NSIT, as ValueAct continues to increase its position in the tech stock.
Last week, George Soros filed a 13G revealing the purchase of 9,425,000 shares of the small-cap automotive semiconductor company indie Semiconductor $INDI.
This brings Soros Fund Management's total interest to 9.20%, making it the largest shareholder of the company.
Nifty Auto has been gaining strength over the past week. We're seeing some follow-through there and hence, today's post will discuss a stock from the same sector.
