For years now, we’ve been selecting a single insider transaction and company to highlight as part of our Insider Weekends series. Sometimes we like to cover a cluster of sales of a company like JP Morgan or write the occasional article on a 10% owner purchasing shares, like the takeover of The Children’s Place by Saudi investment firm Mithaq Capital.
However, now that the typical quiet period around earnings seasons has ended and insider purchases are back in full swing, we were faced with a plethora of companies and insider transactions to choose from this week. We found many of these purchases to be incredibly fascinating, and for that reason, we chose not to cover a single company and instead write briefly about multiple in our list of notable insider buys below.
Editor’s Note: Tamanna Suria contributed to this article.
Welcome to edition 724 of Insider Weekends. Insider buying increased with insiders purchasing $93.72 million of stock compared to $52.52 million in the week prior. Selling also increased to $7.69 billion compared to $4.59 billion in the week prior.
Sell/Buy Ratio: The Insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by the total insider purchases that week. The adjusted ratio dropped to 82.1. In other words, insiders sold more than 82 times as much stock as they purchased. This week, the Sell/Buy ratio was favorable, compared to the prior week when the ratio stood at 88.13 but continues to remain elevated.