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 June 17 through June 21 include:
- Beneficial owner of Occidental Petroleum (OXY) Warren Buffett purchased 2,947,611 shares of company stock at $59.70 per share for a total transaction amount of $175,976,798
- Beneficial owner of Motorcar Parts of America (MPAA) Douglas Trussler purchased 20,300 shares of company stock at $5.73 per share for a total transaction amount of $116,319
- CEO of Greenwich Lifesciences (GLSI) Snehal Patel purchased 174,825 shares of company stock at $14.30 per share for a total transaction amount of $2,499,998
- Beneficial owner of Tile Shop (TTSH) Fund 1 purchased 233,700 shares of company stock at $6.83 per share for a total transaction amount of $1,595,657.
NOTABLE INSIDER SALES: Significant insider sales reported in the prior week from June 17 through June 21 include:
- VP of Gallagher (AJG) Scott Hudson sold 10,000 shares of company stock at $263.45 per share for a total transaction amount of $2,634,530
- CEO of Assured Guaranty (AGO) Dominic Frederico sold 40,000 shares of company stock at $78.12 per share for a total transaction amount of $3,124,800
- VP of Applied Materials (AMAT) Praburam Raja sold 50,000 shares of company stock at $249.17 per share for a total transaction amount of $12,458,500
- Beneficial owner of Carvana (CVNA) Ernest Garcia sold 120,000 shares of company stock at $109.57 per share for a total transaction amount of $13,148,244
NOTABLE PRICE MOVEMENT AFTER INSIDER TRANSACTION: Shares of Occidental Petroleum moved up approximately 6% after beneficial owner Warren Buffett purchased 2.95M shares of company stock at $59.70 per share, while shares of Applied Materials moved 8 % lower after VP Praburam Raja sold 50K shares of company stock at $249.17 per share.
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Read More on OXY:
- Occidental Petroleum price target raised to $69 from $68 at Wells Fargo
- Unusually active option classes on open June 18th
- Insider Trading: Buffett’s Berkshire Ups Stake in Occidental (OXY) to 29%
- Fly Insider: Zillow, Analog Devices among week’s notable insider trades
- Occidental Petroleum holder Warren Buffett buys over $105M in shares
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