The largest insider buy on today’s list comes in a Form 4 filing by Carl Icahn, who revealed a purchase of $11.2 million in Southwest Gas Holdings $SWX.
Icahn now owns 15.65% of outstanding shares of SWX.
Sylebra Capital Limited filed a 13D for RingCentral $RNG, revealing an initial stake of 8.68%.
Here’s The Hot List, with data through May 26, 2023:
In another Form 4, the president and CEO of RenaissanceRe Holdings Ltd $RNR revealed a purchase of 13,020 shares, equivalent to $2.4 million.
In the options market, there was bullish flow in Pure Storage $PSTG and Frontier Communications Parent $FYBR.
Stay tuned. We’ll be back on Wednesday with more insider activity.
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All Star Charts Team