Jerry Jones Reports a $25 Million CRK Purchase

By Steve Strazza

August 13, 2024
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The most significant insider buy on today’s list comes via a Form 4 filing by Jerry Jones, the owner, president, and general manager of Dallas Cowboys.

Jones made an additional purchase of $25 million in Comstock Resources $CRK.

Cathie Wood’s infamous ARK Investment Management filed an initial 13G for 10x Genomics Inc $TXG revealing a 10.75% stake.

Here’s The Hot Corner, with data from August 12, 2024:

240813_hot_corner_table

In another Form 4, Greenoaks Capital Partners LLC revealed a $21 million purchase in the South Korean e-commerce company Coupang Inc $CPNG.

MFN Partners revealed an initial stake of 6.30% in CNX Resources Corporation $CNX.

CPNG is on the verge of completing a primary trend reversal, as price reclaimed a critical level of interest:

240813_hot_corner_cpng

If we’re above 21, the path of least resistance is higher.

Stay tuned. We'll be back on Wednesday 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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