CEO Schuck Buys 1.5 Million ZOOM Shares

Today's most significant insider transaction was disclosed in a Form 4 filing by ZoomInfo Technologies $ZI CEO Henry Schuck.

Schuck reported an acquisition of 1,500,000 shares, equivalent to $12.7 million.

PointState Capital filed a 13G for WESCO International $WCC revealing an initial stake of 5.00%.

Here’s The Hot Corner, with data from August 9, 2024:

In another Form 4, Stellantis NV revealed a purchase of $9,989,998 in Archer Aviation Inc $ACHR.

Control Empresarial de Capitales S.A. continues to build a position in Talos Energy Inc $TALO and PBF Energy Inc $PBF.

In Washington, Rep. Ro Khanna of California disclosed purchases of between $15,000 and $50,000 in the following stocks:

• Apple Inc $AAPL;
• Adobe Inc $ADBE;.
• Berkshire Hathaway Inc $BRK.B;
• Tesla Inc $TSLA;
• ServiceNow Inc $NOW;
• Broadcom Inc $AVGO; and
• Vertiv Holdings Co $VRT.

NOW is already working its way higher from a base-on-base pattern as it flirts with new all-time highs.

Not every software stock can say this right now.

As long as the price is above its highs from the previous cycle around 708, the path of least resistance will be higher.

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

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