We are yet to enter the quiet period related to Q2 earnings season, where insider transactions slow down as companies begin to limit insider buys and sells in order to prevent any signaling to the broader market. Insider buying tripled last week compared to the prior week, which translated into multiple fascinating insider transactions we felt were worth covering. So instead of highlighting a single company as we typically do in these insider weekends articles, we decided to write a little bit about four different companies in our list of top five buys and sells below.
Editor’s Note: Tamanna Suria contributed to this article.
Welcome to edition 791 of Insider Weekends. Insider buying more than tripled with insiders purchasing $217.37 million of stock compared to $71.48 million in the week prior. Insider selling on the other hand declined sharply to $1.61 billion compared to $4.11 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 last week declined to 7.41. In other words, insiders sold more than 7 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 57.49.
Notable Insider Buys:
1. Perpetua Resources Corp Com (PPTA): $12.99
10% owner John Paulson acquired 7,575,757 shares of this precious metals mining company, paying $13.20 per share for a total amount of $100 million. These shares were acquired indirectly through Paulson & Co.