Hello, my fellow investors!
It’s Peter Burke here, and I’m excited to bring you the latest news and insights from the world of investing. As always, I’m here to help you navigate the markets and make informed decisions that will help you achieve your financial goals. So let’s dive in!
This week we saw a decrease in buying activity on the investing front, with a total of $352M invested, which is down 72% from last week. There was also a slight drop in total trades with only 404 trades made, which is down 8% from last week. However, there were some notable trades from insiders in the Health Care, Energy, and Utility sectors, who slightly increased their position sizes.
One interesting trend that caught my attention is the continued rise in companies in the Oil, Gas & Consumable Fuels and Gas Utilities industries. Carl Icahn is once again investing in $SWX, with a purchase of $3.3M this week, and one of Blackstone’s funds made several purchases around Cheniere Energy Partners ($CQP). This trend may indicate that these industries are poised for growth in the coming months.
On the sales front, we saw some notable transactions from insiders. David Pickesl, the CTO of Trade Desk ($TDD / Media), decreased his stake by 59.07% with a $28.9M sale on March 27th, Lee Olesky, a Director at Tradeweb Markets ($TW / Capital Markets), decreased his stake by 43.95% with a $12.9M sale on March 29th, Thomas Sweet, the CFO at Dell Technologies ($DELL / Technology Hardware), sold 57.25% of his Class C Stock in an $11.3M sale on March 31st, Benoit Dageville, the President of Products at Snowflake ($SNOW / IT Services), sold 58.55% of his stake in an $8.2M sale on March 29th, and Marianna Mancini, the COO of Viking Therapeutics ($VKTX / Biotechnology), sold 49% of her stake in a $3.6M sale on March 28th.
On the other hand, we saw some notable insider purchases. Chen Bihua, a 10% owner of Biomea Fusion ($BMEA / Biotechnology), increased his stake by 12.61% in a $12M purchase on March 30th, Thomas Kingsbury, the CEO of Kohls Corp ($KSS / Multiline Retail), increased his stake by 67.7% in a $2M purchase on March 29th, and Marianne Brown, a Director at Charles Schwab ($SCHW / Capital Markets), doubled her position in a $267K purchase on March 28th.
Now, what can we learn from these transactions? Well, insider buying is generally a positive sign for the future prospects of a company, as it shows that insiders have confidence in the future growth of the company. On the other hand, insider selling can be a red flag, as it may indicate that insiders believe the stock is overvalued and may not perform well in the future.
As always, it’s important to do your own research before making any investment decisions. Keep an eye on the trends in the markets and the buying and selling activities of insiders, but don’t make any decisions solely based on this information. Remember, investing requires a long-term approach, and it’s essential to diversify your portfolio to minimize risk.
That’s all for now, folks! Stay tuned for more updates from Investing Pioneer. Until next time, happy investing!
