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Notable Insider Buys Of The Past Week: Howard Hughes, Party City, Perrigo And More

Notable Insider Buys Of The Past Week: Howard Hughes, Party City, Perrigo And More



Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty.




A beneficial owner began the new year with a buying spree.




Insiders at a private equity firm, a real estate company and a pharmaceutical company added to their stakes as well, as the new year got underway.




Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets, as there has been due to the pandemic resurgence and political issues.

Here are some of the most noteworthy insider purchases that were reported in the past week.

Real estate development and management company Howard Hughes Corp (NYSE:HHC) saw 10% owner Pershing Square Capital Management increase its stake. The more than 2.51 million shares acquired, at $79.12 apiece, added up to over $199.13 million. Note that this owner also sold more than 574,800 shares last week. The stock ended the past week's trading at $80.86 per share.

A 10% owner began the year by adding 645,000 At Home Group Inc (NYSE:HOME) shares to his stake. That owner paid $15.68 to $17.55 each, which totaled more than $10.74 million. Shares of this home decor superstore operator closed most recently above that purchase price range, at $19.18 a share. Note that this same beneficial owner also bought Party City and World Acceptance shares last week (see below).

World Acceptance Corp. (NASDAQ:WRLD) saw a 10% owner indirectly acquire 48,000 shares of this South Carolina-based consumer finance company. Prices ranged from $104.27 per share to $111.43. The transactions totaled more than $5.29 million and raised the stake to over 755,700 shares. The stock closed trading most recently at $123.88, so this purchase also appears to be fortunately timed. Note that this same beneficial owner also bought At Home Group and Party City shares last week.
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