Hanwha Impact Global Reveals an $87 Million NEXT Purchase

By Steve Strazza

August 1, 2024
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The most significant insider buy on today's list comes via a Form 4 filing by Hanwha Impact Global Corp.

The company reported a purchase of $87 million in NextDecade Corporation $NEXT.

Here’s The Hot Corner, with data from July 31, 2024:

240801_hot_corner_table

Director Jonathan C. Locker of Loews Corporation $L revealed a purchase of 6,200 shares, equivalent to $499,896.

In another Form 4, director Richard Anderson bought 2,000 shares of Norfolk Southern Corporation $NSC.

After completing a multi-decade basing pattern in 2021, Loews Corporation has screamed higher to the 161.8% extension level and shows no signs of slowing down.

240801_hot_corner_l

If L is above 75.40, then the path of least resistance is 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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