Typically, choosing what company to feature in these Insider Weekends articles is a fairly straightforward process. We either take a look at the top five insider purchases and sales and pick the most interesting business, or alternatively, we have a company in mind as we compile the list of daily insider purchases for the Event Driven Monitor. However, every couple months or so, we find ourselves in the situation where we cannot pick a business simply because there are too many intriguing options to pick from.
This week happened to be one of these special weeks where there were multiple companies that caught our eye. Instead of narrowing it down to just one idea, we decided to write a short blurb about three businesses: Pampa Energia, PepsiCo and Sharplink.
Editor’s Note: Tamanna Suria contributed to this article.
Welcome to edition 860 of Insider Weekends. Insider buying increased with insiders purchasing $125.91 million of stock compared to $63.86 million in the week prior. Insider selling on the other hand declined to $1.08 billion compared to $1.39 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 8.61. In other words, insiders sold nearly 9 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 21.81.