A director at Alpha Metallurgical Resources Inc. led insider buying activity on Friday with a $3.16 million purchase of 15,000 shares, according to regulatory filings.
Kenneth S. Courtis, a director at the coal producer, acquired the shares on August 21 at prices ranging from $208.48 to $211.58 per share, with a weighted average price of $209.03. The stock, which has risen 24% over the past week, was trading at $209.93 at the close of business on Friday.
Other notable insider transactions included purchases at Tenax Therapeutics Inc., where ADAR1 Capital Management’s 10% owner and director acquired 1,025,867 shares across three days last week for approximately $1.81 million. The transactions were executed at weighted average prices between $1.7542 and $1.7788 per share, with the biopharmaceutical company’s stock down 84% year-to-date and trading at $1.85.
TTM Technologies Inc. also saw insider buying, with director Rex D. Geveden purchasing 5,000 shares at $104.90 each for a total of $524,500. The company’s stock, which has fallen 21.6% over the prior week but delivered a 148.8% return over the past year, was trading at $104.90 following the transaction. Geveden’s direct holdings increased to 99,824 shares.
Bank First Corp reported insider activity as well, with director Tracy C. Pearson acquiring 1,024 shares at $156.97 per share, or $160,737 in total. The bank’s shares, which have surged 26% year-to-date and are near a 52-week high of $159.09, have maintained dividend payments for 17 consecutive years.
In contrast, several executives and large shareholders reduced positions. Innsuites Hospitality Trust’s CEO and chairman James F. Wirth sold 34,800 shares at $52,316.70 each for approximately $1.82 billion, leaving 8,045,764 shares remaining. The stock, which has declined nearly 10% over the past week but is up about 40% over six months, carries a weak financial health score and remains unprofitable.
Chime Financial Inc. reported sales of common stock totaling $28.1 million by DST Global Advisors, a 10% owner and director, at weighted average prices between $32.9873 and $33.5431 per share. Palantir Technologies Inc. CEO Alexander C. Karp sold 492,348 shares for $86.06 million, primarily to cover tax withholding obligations from an RSU vesting event.
Aura Minerals Inc. director Bruno Sousa Mauad sold 125,000 shares at $86.00 each for $10.75 million, while Aveanna Healthcare Holdings Inc. saw multiple entities associated with director Paul R. Vigano sell a combined $192.6 million in shares at $11.50 each through underwritten secondary offerings.
