Bargain hunters often glean valuable insights from insider trading activity. When insiders invest in their own company, it typically points to a bullish sentiment. The recent moves by Neil S. Subin and Charles Fargason are raising eyebrows in the market and here’s why.
Neil S. Subin’s Strategic Move at NextNav
NextNav witnessed a significant development as Director Neil S. Subin dived into the market, acquiring 150,000 shares of NN stock at $4.59 per share. The insider’s total investment amounted to a substantial $688,000. Subsequently, NN shares surged by a remarkable 27.2% during Thursday’s trading session, hitting a high of $5.83. This bullish spree marks Subin’s first purchase filing in the past year, sending a clear signal of his confidence in NextNav’s trajectory. As a result, NextNav’s stocks soared by 18.7% on Thursday.
Charles Fargason’s Calculated Move at Carriage Services
Meanwhile, across the market, Director Charles Fargason made waves with his recent acquisition at Carriage Services. Fargason purchased 6,000 shares of CSV at $25.58 per share, totaling a spend of $153,480. Notably, this buy follows Fargason’s previous purchase of $130,500 worth of CSV shares at $26.10 per share over the past twelve months. The calculated move paid off as Carriage Services observed a 1.7% increase in stock value on Thursday. Fargason’s timely action allowed him to secure a 5.7% gain at the peak of Thursday’s trading session, with CSV hitting $27.04.
The insights shared here represent the perspectives of the author. They do not necessarily mirror the opinions of Nasdaq, Inc.
