Something we’ve discussed a lot is the bullish information we receive when there is a multitude of buying by separate insiders in the same name.
Today, we have an excellent example of that, as the oil and gas stock that Warren Buffett just invested $6 billion into is back on our list with insider activity from a key executive.
Vicki Hollub, the president and CEO of Occidental Petroleum $OXY, purchased $798,101 worth of her company’s stock.
Here’s The Hot List, with data through March 30, 2022:
There were also a handful of very large insider buys in the asset manager Invesco Ltd $IVZ as well as the building products stock Aspen Aerogels $ASPN.
In the former, there was an $81 million purchase by Trian Fund, and the latter was filed by Koch Industries for $50 million.
Nelson Peltz and Trian appear to be making some big bets on the asset management industry.
Following a slew of recent purchases, two of their three largest holdings are in stocks in that space, the other being Janus Henderson $JHG.
Stay tuned. We’ll be back Friday with more insider action.
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All Star Charts Team