Every weekend, I dig into our insider filings tracker looking for the biggest conviction buys — and this week we saw bullish action in consumer electronics, asset management, autos, gambling, software, and real estate.
Let’s take a look:
First, KKR $KKR saw a combined $30.1M purchase from its Co-CEOs, Scott C. Nuttall and Joseph Bae.
That’s a massive splash coming straight from the top — a clear vote of confidence in a stock that’s been under immense pressure lately.
Next, Sonos $SONO logged an $8.6M buy from Coliseum Capital Management.
Sonic Automotive $SAH saw nearly $6.0M in insider buying from director Paul Rusnak, who paid $59.98 per share.
The day he bought, the stock staged a bullish intraday reversal following its earnings report and continued higher in the days after. That kind of timing stands out.
In financial infrastructure, MSCI $MSCI had its Chairman & CEO step in with a $3.6M purchase. When the top decision-maker buys stock on the open market, we always want to pay attention.
DraftKings $DKNG saw a $2.2M buy from Harry Sloan — a notable purchase in the high-beta gambling platform.
Microsoft $MSFT also made the list, with a $2.0M purchase from director John Stanton.
Even in a mega-cap, insider buying from a board-level executive stands out — especially with MSFT roughly 30% off its highs.
Finally, American Assets Trust $AAT saw a $3.0M buy from its Executive Chairman.
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