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Pebblebrook Hotel Trust (PEB): $12.68
Market Cap: $1.54B
Enterprise Value: $4.06B
As is typical in weeks when we see an increased number of insider purchases, we often have a plethora of companies to choose from for our Insider Weekends articles. Sometimes the companies that make their way to our Top 5 list of insider purchases and insider sales are companies that we’ve featured multiple times in the past, such as the midstream giant Energy Transfer which we covered in August 2023 or the Amazon of South Korea, Coupang, which we wrote about in May of this year. Similarly, the names on our list of insider sales are familiar – including Director Jay Hoag, who sold over $80 million worth of Netflix stock this week. Mr. Hoag is often on our radar due to his Netflix transactions as well as his purchases and sales of Zillow, which we most recently wrote about in June.
When faced with a list of companies that we’ve already covered in the past, we find it more interesting to look beyond the top five purchases or sales and highlight smaller purchases from more interesting companies that we feature in our daily Event Driven Monitor. This week, the company that caught our eye was Pebblebrook Hotel Trust (PEB).