Five corporate insiders disclosed purchases totaling $2.8 million on Tuesday, following a broader trend of concentrated buying in smaller-cap equities. TTM Technologies CEO Edwin Roks acquired 10,000 shares at an average price of $111.77, spending $1.12 million, as the stock fell 3.5% over the prior week despite a 150% gain over the past year. Alpha Metallurgical Resources director Michael Gorzynski purchased 10,000 shares at $208.92, totaling $2.09 million, as the coal producer’s shares rose nearly 24% in seven days. Kura Oncology CEO Troy Wilson bought 100,000 shares at an average price of $12.39 for $1.24 million, while Team Inc. CFO Clinton Roeder purchased 9,000 shares for $206,040. Dorchester Minerals CFO Leslie Moriyama acquired 5,197 units at $28.30, spending $147,075.
On the sell side, insider transactions reached $387 million in disclosed sales. Micron Technology CEO Sanjay Mehrotra sold 39,994 shares between $959.14 and $989.59 under a prearranged 10b5-1 plan, netting approximately $38.7 million as the chipmaker’s stock surged more than 700% over the past year. nLight CEO Scott Keeney disposed of 363,500 shares for $16.5 million through a similar plan, as the laser technology firm’s shares traded near $43.30, down 10% over the prior week but up 48.8% annually.
The largest block transactions involved healthcare services provider Aveanna Healthcare, where multiple entities associated with J.H. Whitney Equity Partners and related parties sold a combined 28.2 million shares at $11.50 per share, generating proceeds of $320 million. CEO Ronald Clarke of Corpay sold 213,860 shares over two days for $88.5 million, as the payments processor’s stock approached its 52-week high of $425.94 following a 37% year-to-date gain.
InvestingPro analysis flagged several stocks as either overvalued or undervalued relative to fair value estimates, though these assessments do not reflect insider motivations for the trades. The transactions follow a period of heightened volatility across sectors including technology, healthcare and industrials, with several insiders citing diversification or prearranged trading plans as primary drivers for the dispositions.
