Gates Capital Raises Its VSTO Stake to 9.6%

By Steve Strazza

July 18, 2024
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The most significant insider buy on today's list comes via a 13D filing by Gates Capital Management.

The investment firm revealed an increase in ownership from 9.45% to 9.60% in Vista Outdoor Inc $VSTO.

Here’s The Hot Corner, with data from July 17, 2024:

240718_hot_corner_table

Perceptive Advisors LLC reported an increase in its ownership stake from 7.10% to 12.80% in Orchestra BioMed Holdings Inc $OBIO.

VST is resolving higher from a rounding bottom pattern.

240718_vsto

As long as we’re above the 2023 highs, this is a valid trend reversal, and the path of least resistance points higher.

Stay tuned. We'll be back on Friday with more insider activity.

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Steve Strazza

Chief Market Strategist, All Star Charts

Steve Strazza brings a unique perspective to the world of Technical Analysis due to his diverse background. Steve found an affinity for financial markets during his first job out of college as a big-4 CPA auditing some of Wall Street’s largest broker-dealers, such as Interactive Brokers and Morgan Stanley. Steve then worked in the Asset Management industry in a variety of roles including Controller for a private equity start-up, Fund Accountant at two large hedge funds, and most notably as a personal Accountant for Steve Cohen at SAC Capital and Point72.

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