10 Stocks With At Least $10 Million In Insider Spending Recently

5. CVR Energy, Inc. (NYSE:CVI)

Highest Individual Purchase: $16,027,369.00

Number of Purchases Worth Between $10 million and $20 million: 1

Market Capitalization: $1.85 billion

CVR Energy is a diversified holding company primarily focused on renewable fuels, petroleum refining, marketing, and nitrogen fertilizer manufacturing through its subsidiary, CVR Partners, LP.

On January 8, billionaire hedge fund manager Carl Icahn purchased $16.03 million worth of CVR Energy shares at a price of $18.25 per share. With this acquisition Icahn increased his holdings to 67.57 million shares. CVR Energy is one of Icahn’s top 10 stock picks.

The stock is currently trading at $18.42 per share, as the shares slightly dropped since the beginning of the year. Over the past five years, CVR Energy shares lost 15.15%.

In 2024, the company’s revenue amounted to $7.61 billion, reflecting a 17.70% decrease compared to the previous year’s $9.25 billion. Net income attributable to CVR Energy shareholders was $7 million, or 6 cents per diluted share, compared to net income of $769 million, or $7.65 per share. The adjusted loss was 51 cents per diluted share, compared to adjusted earnings of $5.64 per diluted share.

Seven analysts have given CVR Energy an average “Strong Sell” rating, with a price target of $23.00, according to MarketBeat.