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A Big Splash in Biotech

Every weekend, I dig into our insider filings tracker looking for the biggest conviction buys — and this week, we saw buyers stepping in across healthcare, energy, and consumer names.

Let’s take a look:

Adapthealth $AHCO led the way, with investor Richard Cashin adding $4.4M to his position.

In biotech, Celcuity $CELC saw Baker Bros. Advisors increase their stake from 17.11% to 19.99%.

When a specialized biotech fund like Baker Bros. takes such a large stake, it’s worth paying attention.

Energy also showed coordinated interest, as multiple directors at Borr Drilling $BORR bought nearly $4M worth of stock. 

Cluster buying like this often signals alignment at the board level and confidence in the underlying business.

Elsewhere, Grocery Outlet $GO saw its President & CEO step in with a $717K purchase — not massive in size, but notable given it’s coming directly from the top.

Finally, MicroStrategy $MSTR reported a smaller $250K buy from its President & CEO. 

While modest, it still reflects willingness from leadership to add exposure at current levels.

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Happy Sunday.

Steve