With traders and investors looking to get a heads up in the market on the movements of stock prices for the upcoming week, it’s worth analyzing the trading in the shares or other securities of a public corporation based on substantial, nonpublic knowledge about the firm, otherwise known as insider trading.
In this line, Finbold has performed an analysis of the top four stocks with the most insider trading in terms of value in US dollars, as reported in the filings made during the week of November 21 to 25, to indicate how shares will likely move when trading resumes on Monday, November 28.
Notably, Rollins (NYSE: ROL) had the highest value of shares sold on November 21, with 7,750,000 shares sold by Chairman and CEO Gary Rollins for $307,055,000 million. Thomas H. Lee Advisors sold 8,287,846 shares worth $111,098,576 million of Dun & Bradstreet Holdings, Inc. (NYSE: DNB) on November 17, which was the second largest insider trading.
The third largest was company Director Jeffrey Daniel Berstein of Privia Health Group Inc (NASDAQ: PRVA), who sold $71,895,193 million of shares on November 21. Finally, three directors of AerSale Corp (NASDAQ: ASLE) sold shares worth $65,094,416 million each on November 18, according to the SEC Form 4.
Rollins (NYSE: ROL)
Rollins, via its subsidiaries, offers its pest and animal management services to residential and commercial clients in the United States and overseas. Support is observed at $36.61 from a horizontal line in the daily time frame. At the same time, a resistance zone ranges from $42.29 to $42.47. A combination of multiple trend lines in various time frames forms this zone.
Shares of Rollins closed at $39.99 +$0.27 (0.68%) in the last trading session. Volume has been considerably higher in ROL over the last couple of days. In the previous month, ROL has been trading between the $39.31 – $43.06 range.
Dun & Bradstreet Holdings, Inc. (NYSE: DNB)
In North America and other parts of the world, Dun & Bradstreet Holdings, Inc. delivers business data and analytics for decision-making purposes. It provides solutions in finance and risk, such as D&B Finance Analytics, a web-based tool that gives customers real-time access to the company’s information, as well as extensive monitoring and portfolio analysis.
In the last month, DNB has been trading in the $11.56 – $14.80 range, which is quite broad. Since it is currently trading in the middle of this range, some resistance may be found above. A support zone from $13.35 to $13.43 exists, formed by a combination of multiple trend lines.
Finbold has seen a decrease in price volatility throughout the most recent period, which coincides with the consolidation of price levels. There is now a pullback, which may provide a chance for entry in the future. There is an area of support below the present price at $13.43, and a Stop Loss order might be set below this zone-
Privia Health Group Inc (NASDAQ: PRVA)
Privia Health Group works with medical groups, health plans, and health systems to improve physician practices’ efficiency, enrich patients’ lives, and incentivize medical professionals to provide treatment in both physical and digital environments.
In the last month, PRVA has been trading in from the $22.45 – $34.02 range and is currently trading near the lows of this range. Resistance is observed at $28.54 from a trend line in the daily time frame and at $40.29 from a trend line in the weekly time frame.
At the time of publication, PRVA was trading well below its 20-day(-30.29%), 50-day (-41.25%), and 200-day (-3.33%) simple moving averages (SMA).
AerSale Corp (NASDAQ: ASLE)
Passenger and cargo airlines, leasing firms, original equipment manufacturers, government and military contractors, and maintenance, repair, and overhaul (MRO) service providers rely on AerSale Corporation for aftermarket commercial aircraft, engines, and components.
ASLE is an average performer in the Aerospace & Defense industry. It outperforms 41% of 74 stocks in the same industry. AerSale Corp is currently in the middle of its 52-week range, in line with the S&P500 Index, which is also trading in the middle of its range.
Notably, ASLE is currently displaying a bear flag pattern, which occurs when prices pull back slightly after a strong move down. This stock may offer a short opportunity.
That brings to a close the largest list of stock trades made by corporate executives, directors, and other business insiders of public corporations reported in the week ending November 25, 2022.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/stocks-with-the-largest-insider-trading-activity-week-of-november-28/