Control Empresarial Reports a $2.8 Million TALO Purchase

The most significant insider buy on today’s list comes via a Form 4 filing by Control Empresarial de Capitales S.A. de C.V.

The Mexico-based investment company reported purchases totaling $2.8 million in Talos Energy Inc $TALO.

Here’s The Hot Corner, with data from August 1, 2024:

Director John T Baldwin revealed the acquisition of 8,000 shares of Cleveland-Cliffs Inc $CLF.

Last but not least, former Speaker of the House Nancy Pelosi bought 10,000 shares of NVIDIA Corporation $NVDA.

NVDA has been stair-stepping higher and consolidating constructively along the way since a huge base-breakout in May 2023. 

For the last month and a half, the AI leader has been undergoing a corrective wave.

NVDA has fallen more than 20% off its highs, reaching a key extension level from above. We’re looking at this as a potential support zone.

If NVDA can hold 112, this is just a healthy correction within an ongoing uptrend. 

However, any breach below 112 could lead to some damage to the primary trend.

Have a great weekend. We'll be back on Monday with more insider activity.

And please reach out with any questions. We love hearing from you!