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Tag: Insider Purchases
Biohaven (BHVN), Voxx (VOXX), Asana (ASAN), and Carnival (CUK, CCL) Lead Insider Purchases the Week of 10/9/2023
Biohaven (BHVN), Voxx (VOXX), Asana (ASAN), and Carnival (CUK, CCL) constituted some of the top insider purchases the Week of 10/9/2023. CEO Vlad Coric, an astute biotech entrepreneur and investor (you can read about him here) bought $10 million worth of stock of BHVN at $22.00 a share, as did director John Childs, on 10/5. After Pfizer spent $11.6 billion to buy Biohaven's migraine treatment assets, including an already approved drug, the firm's operations focus on treatments for epilepsy, spinal muscular atrophy, and a protein degradation program with multiple potential uses. Steven Downing, Director, bought over $15 million worth of shares in the auto and consumer electronics supplier Voxx International Corp. (VOXX). The stock actually rallied more than 20% on 10/11 after Gentex Corp....
Largest Insider Stock Purchases Belonged in Biotech and Energy the Week of 9/18/23
Two verticals constituted the lion share of insider purchases last week. In biotech, Neumora Therapeutics (NMRS) saw Amgen (AMGN) and the CEO buying shares. Rayzebio (RYZB) and Ambrx Bio (AMAM) also saw large insider accumulation. In the energy field, Chargepoint Holding (CHPT), Highpeak Energy (HPK) (where both the CEO and the President bought), Enphase Energy (ENPH), CNX Resources (CNX), and Riley Exploration (REPX) also saw insiders acquire substantial amounts of shares. Outside the biotech and energy verticals, of note are insider purchases at Maplebear (Instacart) (CART), Asana (ASAN) (where the CEO has been buying shares for months), and Westrock Coffee (WEST). CHPT buyer Wil VanLoh founded Quantum Energy Partners in 1998 and serves as CEO of the firm and as Chairman...