Alfonso De Pablos tracks insider buys to spot smart money moves.
Co-Founder Warren, Co-CEO Long Report ET Purchases
By Steve Strazza
August 14, 2024
The most significant insider transactions on today's list are from Energy Transfer LP $ET co-founder Kelcy Warren and co-CEO Thomas Long.
Together, these insiders bought $47.35 million worth of ET shares, as per Form 4 filings.
Liberty 77 Fund L.P. revealed an acquisition of 2,054,228 shares of Lions Gate Entertainment Corp $LGF, equivalent to $17,185,962.
Here’s The Hot Corner, with data from August 13, 2024:
The CEOs of Elanco Animal Health Incorporated $ELAN, Lyft Inc $LYFT, and MRC Global Inc $MRC filed Form 4s disclosing purchases of their own company’s stock.
The executive chairman of The GEO Group Inc $GEO reported a $3 million purchase in a Form 4.
Director Thomas C. Erb revealed a purchase of 2,000 shares of the cereal maker in a Form 4.
POST is in a structural uptrend, as the stock has been stair-stepping higher ever since it broke out of a massive base in 2022.
More recently, it resolved higher from a tight continuation pattern to fresh all-time highs.
The bias is higher for POST as long as it remains above 97.50.
Stay tuned. We'll be back on Thursday with more insider activity.
