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Smart Money is Buying Healthcare

Every weekend, I dig into our insider filings tracker looking for the biggest conviction buys — and this week, bullish activity showed up across software, homebuilders, industrials, and healthcare.

Let’s take a look:

Corpay $CPAY, kicked things off with director Steven Stull stepping in with a $2.52 million open-market purchase. 

This appears to be a significant vote of confidence, as the stock continues to reverse higher.

Homebuilders followed with Toll Brothers $TOL, where Greenhaven Associates increased its stake from 5.68% to 5.90%. 

In industrials, Astec Industries $ASTE saw GAMCO Investors raise their position from 5.30% to 7.74%.

Software popped up again with Par Technology $PAR, as Voss Advisors made a $7.1 million insider purchase.

Healthcare closed out the week with some splashes as Staar Surgical $STAA logged an $8.82 million buy from Broadwood Partners, and Disc Medicine $IRON saw RA Capital increase its stake from 4.54% to 5.90%. 

We recently put out a trade idea on IRON — and this kind of accumulation provides bullish confirmation as the setup continues to develop.

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Happy Sunday.

Steve