Fly Insider: Norfolk Southern, Carvana among week’s notable insider trades

Welcome to “Fly Insider,” The Fly’s weekly recap of notable insider stock transactions.

NOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from May 27 through May 31 include:

• Director of Norfolk Southern (NSC) Claude Mongeau purchased 5,650 shares of company stock at $221 per share for a total transaction amount of $1,248,650

• Beneficial owner of MasterCraft (MCFT) Coliseum Capital purchased 83,982 shares of company stock at $20.27 per share for a total transaction amount of $1,702,315

• VP of Globe Life (GL) Robert Hensley purchased 2,500 shares of company stock at $82.17 per share for a total transaction amount of $205,421

•  Beneficial owner of ProFrac Holding (ACDC) THRC Holding purchased 1,000,000 shares of company stock at $9.39 per share for a total transaction amount of $9,394,800

NOTABLE INSIDER SALES: Significant insider sales reported in the prior week from May 27 through May 31 include:

• Director of Gallagher (AJG) David Johnson sold 850 shares of company stock at $257.84 per share for a total transaction amount of $219,164

• Beneficial owner of Dutch Bros (BROS) TSG7 sold 3,403,924 shares of company stock at $35.85 per share for a total transaction amount of $122,030,675

• VP of Applied Materials (AMAT) Teri Little sells 7,500 shares of company stock at $213.02 per share for a total transaction amount of $1,597,650

• Beneficial owner of Carvana (CVNA) ErnesGarcia sold 120,000 shares of company stock at $104.72 per share for a total transaction amount of $12,566,196

NOTABLE PRICE MOVEMENT AFTER INSIDER TRANSACTION: Shares of Norfolk Southern moved up approximately 2.5% after director Claude Mongeau purchased 5,650 shares of company stock at $221 per share, while shares of Carvana moved approximately 6% lower after beneficial owner Ernes Garcia sold 120,000 shares of company stock at $104.72 per share for a total transaction amount of $12.57M.