Notable buys and sells in US stocks by Investing.com

This article summarizes the most important insider buying and selling activities reported for US stocks on Tuesday, October 1, 2024.

Best Insider Buys:

Ibotta, Inc. (NASDAQ:IBTA): DE Shaw & Co, a significant shareholder and ten percent owner of Ibotta, Inc., has made substantial purchases of the company’s stock. The investment firm purchased more than $826,000 worth of stock, with transaction prices ranging from $59.43 to $63.45. These acquisitions were executed in a series of acquisitions on different dates, indicating a consistent market presence and bullish stance on the Denver, Colorado-based advertising services company.

TKO Group Holdings, Inc. (NYSE:TKO): Entities associated with Silver Lake, a global technology investment leader, have made a significant purchase of Class A common stock of TKO Group Holdings. Silver Lake West HoldCo, LP, Silver Lake West HoldCo II, LP and Silver Lake West VoteCo, LLC collectively purchased 1,642,970 shares at $89.01 per share, totaling approximately $146.2 million. This investment was made indirectly through WME IMG, LLC, demonstrating Silver Lake’s strategic market positioning.

Wave Life Sciences Ltd . (NASDAQ: ): GSK plc, a major pharmaceutical company, increased its stake in Wave Life Sciences Ltd. The company purchased 2,791,930 ordinary shares at $8.00 per share, for a total investment of 22, 3 million USD. This transaction, completed on 27 September 2024 and filed on 1 October, further strengthens GSK’s position as a significant shareholder in the biotech firm.

Green Dot Corp (NYSE:NYSE:): Topline Capital Management, LLC and Topline Capital Partners, LP made substantial purchases of shares of Green Dot Corp. Over two consecutive days, Topline Capital purchased a total of $2.38 million worth of shares. The trades involved the purchase of 36,671 shares at $12.49 each on September 23, followed by another 162,243 shares at $11.87 per share the following day. These acquisitions significantly expanded Topline’s holdings in the financial services company.

Top sellers inside:

WW Grainger, Inc. (NYSE:GWW): Chairman and CEO Donald Macpherson sold shares totaling more than $13 million, with individual trades ranging from $1,032.23 to $1,043.84 per share. The sales were made on September 30, 2024, pursuant to a Rule 10b5-1 trading plan adopted on June 17, 2024.

Palantir Technologies Inc . (NYSE:NYSE: ): Director Peter Thiel sold more than $457 million worth of stock, with prices ranging from $36.5425 to $37.2663 per share. Trading took place over several days from September 27 through October 1, 2024, pursuant to a pre-existing Rule 10b5-1 trading plan.

Blackline, Inc. (NASDAQ:BL): CFO Mark Partin sold more than $4.6 million worth of stock as of September 30, 2024. Sales were made at prices ranging from $54.20 to $55.78 per share, involving three blocks separate from actions.

Carvan co. (NYSE:NYSE:): Majority shareholder Ernest C. Garcia II sold more than $34 million worth of stock on September 27 and 30, 2024. The transactions involved Class A common stock sold at different prices under a trading plan of Rule 10b5-1. .

Camping World Holdings, Inc. (NYSE:NYSE:): Abrams Capital Management, LP, together with affiliated entities and managing member David C. Abrams, sold 2,000,000 shares at $23.90 per share, totaling approximately $47.8 million. The sale took place on 27 September 2024, reducing the group’s holdings to 3,108,808 shares.

Investors should pay attention to insider buying and selling activities because they can provide valuable information about a company’s prospects. While insider trading should not be the sole basis for investment decisions, it can provide additional context when combined with other financial analysis and market research. It is important to remember that insiders may have various reasons for their trades and not all insider activity is necessarily reflective of the company’s future performance.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.