Convoy complete.
BlueBird 9 has officially arrived at Cape Canaveral, ahead of the next Falcon 9 launch campaign. 🚀🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
Built in Texas. Broadband from space. Designed to connect directly to everyday smartphones. 🌎📶📱
#ASTSpaceMobile#Broadband #ConnectingtheUnconnected
One of my favorite signals in the market:
Buying stocks below CEO purchase prices.
• $SOFI CEO bought $1M worth of shares at $17.88, another $500K at $17.32, then another $500K split between $15.73 and $16.00. Today, $SOFI trades at $15.57.
• $NOW CEO bought $3M at $105, saying the stock can 10x from here. Today, the stock trades at $101.
• $NKE CEO and Tim Cook each bought $1M at $42 (after previously buying around ~$60). Today, the stock trades at $42.
• $HIMS repurchased $80M worth of shares in Q4 at an average price of $39 because management considered it undervalued. Today, the stock trades at $23.
Insiders sell for many reasons.
They buy for one.
CEO buying activity is one of the strongest signals investors can track.