Insider Weekends: Chair of Starbucks Purchases Stock

Welcome to edition 637 of Insider Weekends. Insider buying decreased significantly last week with insiders purchasing $189.95 million of stock compared to $436.83 million in the week prior. Selling on the other hand increased to $902.53 million compared to $631.78 million in the week prior. Insider buying in the prior week was elevated on account of the large $350 million purchase of project management software company Asana (ASAN) by its CEO Dustin Moskovitz in a private placement. Excluding that purchase, insider buying more than tripled last week when the major indices pulled back sharply after an increase in core CPI pointed to further rate increases. The list of insider purchases last week was dominated by repeat purchases at companies we have discussed in the past including, Medpace Holdings (MEDP), a clinical research organization (CRO) which was our spotlight idea for the August 2022 Special Situations Newsletter on account of insider purchases by its CEO. Energy Transfer (ET), a midstream energy company with the ability to export liquified natural gas (LNG) which we discussed in August 2022 following a large $30 million purchase by its Executive Chairman here and in April 2022 after a $5.66 million insider purchase by its Director here. American...

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