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Daily Special Report

Published Aug 21

The Cluster Watch List

Where insiders are buying their own stock

4 companiesCovering Aug 18 – Aug 20Data through Aug 20

AMR is the clearest case of one insider acting repeatedly: 6 filings, but only 1 insider, so it is not a cluster. No company here clears the requirement of at least 2 different insiders and at least $250,000 for a cluster. The purchases were disclosed between Aug 18 and Aug 20; the session figures are the Aug 20 close vs the prior close, and they describe market movement rather than a recommendation.

Open-market dollars bought, with the session moveDOLLARS BOUGHT · SESSION MOVEAMR$2.9m-0.1%ET$21.3m+0.1%BWA$501k-2.2%SGRY$305k+2.5%

Entry by entry — why each one is on the board

AMRAlpha Metallurgical Resources, Inc.
Insiders1
Bought$2.9m
Session-0.1%

AMR has 1 insider behind 6 filings, so the repeated buying does not make a cluster. Its $2.9m is the smallest amount bought of the 4 here, and its -0.1% session move is the only move at -0.1%.

One insider buying repeatedly - 6 filings, not a cluster

ETEnergy Transfer LP
Insiders1
Bought$21.3m
Session+0.1%

Against AMR, BWA and SGRY, ET also has 1 insider rather than multiple insiders. Its $21.3m is the third-largest amount bought of the 4 here; its latest filing was disclosed Aug 19, and its +0.1% move is the only one at +0.1%.

One insider, 2 filings, latest buy Aug 19

BWABorgWarner Inc.
Insiders1
Bought$501k
Session-2.2%

With 1 insider and 1 filing disclosed Aug 19, BWA does not meet the test for a cluster. Its $501k is the biggest amount bought of the 4 here, while its -2.2% move is the only one at -2.2%.

One insider, 1 filing, latest buy Aug 19

SGRYSurgery Partners, Inc.
Insiders1
Bought$305k
Session+2.5%

By contrast, SGRY has 1 insider across 2 filings, with the latest disclosed Aug 18, so repeated filings still do not make a cluster. Its $305k is the second-largest amount bought of the 4 here, and its +2.5% move is the biggest move on the session.

One insider, 2 filings, latest buy Aug 18

How this board was built

Open-market Form 4 purchases disclosed between Aug 18 and Aug 20. “Session” is the Aug 20 close vs the prior close. Insider buying is not a recommendation.