Skip to content

The 3 stocks insiders are secretly buying

The 3 stocks insiders are secretly buying
Elmaz Sabovic

Finding insider buys among the S&P 500 companies and their stock might prove challenging in 2024, with an overall sentiment heavily favoring sales by CEOs and other higher executives; however, there are some notable exceptions.

The data from the previous 30 days reveals that some higher executives showed trust in their companies and purchased their stock, according to the stock analytics platform TrendSpider.

Insider buys of S&P 500 stocks in the previous 30 days. Source: TrendSpider
Insider buys of S&P 500 stocks in the previous 30 days. Source: TrendSpider

TFC, SCHW, and GM stock recorded sizeable insider buys

The latest data reveals that the second half of July saw sizable insider buys in Truist Financial (NYSE: TFC), Charles Schwab (NYSE: SCHW), and General Motors (NYSE: GM) stocks.

In the largest purchase during July, the CEO of Truist Financial, William Rogers Jr, bought 57,300 shares on July 22 at an average price of $43.78 per share, for a total amount of $2,518,909.

Charles Schwab CEO Walter Bettinger conducted the second-largest purchase on July 16, where Bettinger bought 25,000 shares at an average price of $67.43 for a total investment of $1,656,500

Finally, On July 25, Paul Jacobson, General Motors’ CFO, purchased 25,000 shares at $44.13 each, for a total of $1,102,750.

There were also 24 other instances during the previous 30 days where notable insiders purchased stock from their companies for an amount that didn’t exceed $1 million.

The trend still heavily favors insider sales

Looking at the comparison between insider sales and buys in the past 60 days, it is clear that insider sales heavily outperform insider buys.

The most sizable disparity occurred recently, on July 29, when stock sales outpaced purchases by $4.3 million compared to just $81,000.

Insider trading activity comparison in the last 60 days. Source: Barchart
Insider trading activity comparison in the last 60 days. Source: Barchart

The insiders from notable companies such as Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), and Apple (NASDAQ: AAPL) strictly focused on selling their holdings in 2024, aiming to maximize their gains due to a broader stock market rally.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.