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nsider Tracy Kohn, CEO of WTI, bought over $500k of her own stock on the open market this past week. Filing here: https://www.sec.gov/Archives/edgar/data/1288403/000110465925096677/xslF345X03/tm2527967-1_4seq1.xml This is the first insider buy on WTI since 2021 – the last buys occurring before a huge run up. I normally only track buys, because sells are easier to disguise by insiders (they can be filed under a variety of classifications, since sells can be spun into debt obligations and used to pay those off at the current share, which is filed under “other transactions”) Off the news of this buy, the stock jumped 20% – meaning that the market was already recalibrating expectations of stock price with this new info. WTI is an oil and natural gas producer. To me, this industry is pretty opaque, and their success can be very binary. I think this is an interesting bet, and it definitely has the historical precedent to run up. This is not financial advice – this stock is super risky because of the recent downtrend (and for many other reasons) submitted by /u/RelevantAside_ |
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