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Big Buys from Cook and Baker Bros

Every weekend, I dig into our insider filings tracker looking for the biggest conviction buys — and this week we saw Baker Bros buying a fresh breakout, Tim Cook stepping in, and continued accumulation in a name that just delivered a 150% rip.

Let’s take a look:

Kodiak Sciences $KOD led the week with a massive $60 million buy from Baker Bros., boosting their stake by over 30% and making KOD the 9th-largest holding in their portfolio. 

What stands out most is when they stepped in, right after the stock broke out and completed a bearish-to-bullish reversal base

They’re buying into a brand-new uptrend, and that timing matters.

Nike $NKE followed with a surprising and significant insider buy from Apple’s CEO, Tim Cook. 

This buy comes as the stock tests the lower end of a massive distribution range, a level where it either finds its footing or breaks in a big way.

Broadcom $AVGO also saw a director step in with a purchase.

AutoZone $AZO joined the list as well, with a director adding shares. Not flashy, but consistent with insiders leaning in rather than stepping aside.

And finally, Hycroft Mining $HYMC showed up once more with another buy from Eric Sprott. 

He’s been accumulating below 12, and 3 weeks ago, we stepped in with a fresh Screamin’ Hot Report, buying strength above that level. 

Since then, the stock has ripped to 30 — up over 150% from our entry. 

This is a great example of why we do what we do here at Hot Corner. Following the smart money can be a simple and easy path to big profits.

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Happy Sunday.

Steve