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Insider Moves: Notable Buys and Sells in US Stocks on November 17
ByAinvest
Monday, Nov 18, 2024 9:03 am ET1min read
Notable insider transactions in US stocks on November 17, 2024, include Jeffrey Sagansky buying 5,000 shares of WillScot Holdings Corp and Harjinder Bajwa acquiring 15,000 shares of Ultra Clean Holdings. Nancy Yao purchased 1,000 shares of abrdn National Municipal Income Fund, while Leslie Moriyama acquired 3,218 common units of Dorchester Minerals. Top insider sales include Roy Baynes selling $5.44 million of Natera shares and Alexander Karp selling $399 million of Palantir Technologies shares.
The financial markets witnessed significant insider activity on November 17, 2024. Several high-profile insiders made notable transactions in US stocks, providing valuable insights into their confidence in the companies they represent.Jeffrey Sagansky, a renowned industry executive, bought 5,000 shares of WillScot Holdings Corp (WSC). Sagansky's purchase, worth approximately $380,000, based on the closing price on the day of the transaction [1], underscores his confidence in the company's growth prospects.
Harjinder Bajwa, a seasoned investor, acquired 15,000 shares of Ultra Clean Holdings (UCTT). Bajwa's investment, valued at around $600,000, represents a strong vote of confidence in Ultra Clean Holdings' future prospects [1].
Nancy Yao, an insider at abrdn National Municipal Income Fund (MUN), purchased 1,000 shares of the fund. This transaction, worth approximately $30,000 [1], suggests that Yao believes in the fund's potential to deliver solid returns to investors.
Leslie Moriyama, an insider at Dorchester Minerals (DML), bought 3,218 common units of the company. Moriyama's purchase, valued at around $35,000 [1], signifies her confidence in Dorchester Minerals' future prospects.
On the other hand, notable insider sales occurred on November 17, 2024. Roy Baynes, an insider at Natera (NAT), sold $5.44 million of company shares [2]. Alexander Karp, an insider at Palantir Technologies (PLTR), sold a massive $399 million worth of shares [2]. While insider sales do not necessarily indicate a negative outlook on the companies involved, they should be monitored closely by investors.
Insiders are required to report their transactions to the Securities and Exchange Commission (SEC) within two business days [3]. As such, this information is publicly available and can serve as a valuable resource for investors looking to make informed decisions.
[1] Source: OpenInsider
[2] Source: OpenInsider
[3] Source: SEC
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