The most significant insider transaction on today’s list comes in a 13D from Carl Icahn.
Icahn increased his ownership stake in the natural gas services company Southwest Gas Holdings $SWX from 7.6% to 8.7%.
JPMorgan Chase & Company $JPM revealed a purchase of roughly $5 million in Ribbon Communications $RBBN in a Form 4.
JPMorgan now owns 51,594,927 shares for a total interest of 34.3%.
Both the CEO and the CFO of Quanterix $QTRX filed Form 4s disclosing share purchases worth a combined total of about $2,118,875.
This kind of insider buying from the C-suite always stands out.
Here’s The Hot List, with data through August 16, 2022:
Both the CFO and a long-standing director at Cassava Sciences $SAVA filed Form 4s revealing purchases of a combined 102,500 shares, worth north of $2 million.
SAVA is up about 20% on this news in the pre-market session.
There was a 13D filed by Oaktree Capital Management LP revealing a 10.10% stake in Oaktree Specialty Lending Corp $OCSL.
In another Form 4, director Jackson P. Tai of Eli Lilly and Company $LLY reported a purchase of $199,548 in his own shares.
In the options market, there was bullish flow in Occidental Petroleum $OXY, Snap Inc $SNAP, and fuboTV $FUBO.
On the other hand, the American coffee chain Dutch Bros $BROS experienced bearish flow.
Stay tuned. We’ll be back Thursday with more insider action.
If you want these insider transactions e-mailed to you every morning, click here to sign up for The Hot Corner.
And please reach out with any questions. We love hearing from you!
All Star Charts Team