Friday Insider Trading Moves: Top Buys and Sells in US Stocks

This article summarizes the most significant insider buying and selling activities for US stocks reported on Friday, October 25, 2024.

Top Insider Buys:

• PBF Energy Inc. (NYSE:PBF): Control Empresarial de Capitales S.A. de C.V., a significant stakeholder in PBF Energy, has increased its position in the company. The firm purchased 487,100 shares of PBF Energy’s Class A Common Stock over two days, October 23 and 24, at weighted average prices between $31.7629 and $31.9071 per share. The total value of these acquisitions amounts to approximately $15.5 million. Following these transactions, Control Empresarial de Capitales now holds 24,951,498 shares, representing about 21.3% of PBF Energy’s outstanding Class A Common Shares.

• Sonida Senior Living, Inc. (NYSE:SNDA): Conversant Capital LLC and its affiliates reported a significant stock acquisition in Sonida Senior Living. The purchase, totaling approximately $3.15 million, involved 127,218 shares of common stock at a price of $24.75 per share. The transaction was disclosed in a Form 4 filing dated October 23, 2024. Multiple reporting owners were listed, including Michael Simanovsky, a director and ten percent owner, along with various entities under the Conversant Capital umbrella.

• Ingram Micro Holding Corp (NASDAQ:INGM): Several executives made substantial purchases of Ingram Micro stock. Director Alain Monie acquired 227,000 shares at $22 per share, totaling approximately $4.99 million. Executive Vice President and CFO Michael Zilis purchased 28,250 shares at $22 per share, amounting to about $621,500. CEO Paul D. Bay bought 45,500 shares at $22 per share, totaling $1,001,000. These purchases were part of a reserved share program linked to Ingram Micro’s initial public offering.

Top Insider Sells:

• Wyndham Hotels & Resorts, Inc. (NYSE:NYSE:WH): Director Stephen Holmes sold 80,000 shares of common stock on October 25, 2024. The transactions were executed at prices ranging from $90.75 to $91.32 per share, resulting in a total sale value of approximately $7.28 million. Holmes retains direct ownership of 365,371 shares after these transactions.

• Roblox Corp (NYSE:RBLX): CEO David Baszucki sold 166,668 shares at an average price of $42.15 per share, amounting to approximately $10.19 million. Baszucki also exercised stock options to acquire 166,668 shares at $0.53 each, totaling $88,334.

• Carvana Co. (NYSE:NYSE:CVNA): Significant shareholder Ernest C. Garcia II sold 143,020 shares of Carvana’s Class A Common Stock on October 23 and 24. The shares were sold at prices ranging from $194.91 to $202.81, generating approximately $39.65 million in total proceeds.

• Philip Morris International Inc. (NYSE:NYSE:PM): Chairman Andre Calantzopoulos sold 101,918 shares of common stock on October 23, 2024, at an average price of $129.85 per share. This transaction amounted to a total value of approximately $13.2 million.

Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market data when evaluating potential investment opportunities.

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