Daily Special Report

Published Nov 8

The Cluster Watch List

Where insiders are buying their own stock

3 companiesCovering Nov 6 – Nov 6Data through Nov 6

MDGL carries the biggest amount bought at $35.0m, but it is not a cluster: one insider accounts for 5 filings. KMI and CVS each have 1 insider as well, so none reaches the 2 different insiders required for a cluster. The missing second insider matters more here than the $250,000 minimum.

Open-market dollars bought, with the session moveDOLLARS BOUGHT · SESSION MOVEMDGL$35.0m-0.1%KMI$15.0m-0.8%CVS$2.0m+3.1%

Entry by entry — why each one is on the board

MDGLMadrigal Pharmaceuticals, Inc.
Insiders1
Bought$35.0m
Session-0.1%

At MDGL, one insider made 5 filings, leaving the purchase outside the cluster definition despite the biggest amount bought of the 3 here. The total is the only one here at $35.0m, while the company’s session move was -0.1%.

One insider buying repeatedly - 5 filings, not a cluster

KMIKinder Morgan, Inc.
Insiders1
Bought$15.0m
Session-0.8%

By contrast, KMI had one insider and 1 filing, with the latest buy disclosed Nov 6. Its $15.0m was the second-largest amount bought of the 3 here, but it still does not establish a cluster.

One insider, 1 filing, latest buy Nov 6

CVSCVS Health Corporation
Insiders1
Bought$2.0m
Session+3.1%

Against those two, CVS also had one insider and 1 filing, with the latest buy disclosed Nov 6. The company closed +3.1% on Nov 6, the biggest move on the session of the 3 here.

One insider, 1 filing, latest buy Nov 6

How this board was built

Open-market Form 4 purchases disclosed on Nov 6. “Session” is the Nov 6 close vs the prior close. Insider buying is not a recommendation.