In this article, we will take a detailed look at 10 Top Insider Stock Buys And Sells In January. We previously covered 10 Stocks Insiders Are Buying This Year.
Ever heard of the “January effect?” In case you haven’t, a “January effect” is considered a phenomenon in the stock market where stock prices, most commonly of small-cap stocks, rise in the month of January. Analysts have noticed the pattern and provided various explanations for it.
Some attribute the January rise in price to tax-loss harvesting, which usually happens between October and December. The theory suggests that after investors have sold some of their stocks at the end of the year for tax purposes, investors search for new buying opportunities. Others believe that year-end bonuses lead to more investments which subsequently increases stock prices. Overall, whatever the reasons, January seems to be a favorable part of the year for the stock market.
This January, the broader market index went up 2.93%. But, what are some of the stocks that have seen the most insider trading activity this month? To find out, we used Insider Monkey’s insider trading stock screener and looked for stocks with a minimum of five insiders buying or selling in January.
Why should we be interested in insider trading activity? While both insider selling and buying can be driven by various motives, it is important to consider these moves within the broader context of the company’s fundamentals, industry trends, and overall market conditions. That’s why due diligence before any investment is of the utmost importance. However, insider trading activity in combination with other relevant determinants can offer valuable insights into a company’s capabilities, helping investors make more informed investment decisions.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here)
Let’s take a look at 10 Top Insider Stock Buys And Sells In January.
A person standing in front of a trading floor monitor, tracking the performance of mid-cap markets.
10. TKO Group Holdings Inc (NYSE:TKO)
Number of insiders buying: 8
Market Cap: $14.25 billion
TKO Group is a global sports and entertainment company, created by Endeavor (NYSE:EDR) as part of a merger between World Wrestling Entertainment and Zuffa, LLC, the parent company of the Ultimate Fighting Championship.
The company produces and licenses live events, TV programs, long- and short-form content, reality series, etc. It reaches more than 1 billion households across around 210 countries and territories. Each year, TKO Group organizes more than 300 live events year-round, attracting more than two million fans.
At the end of January, eight insiders, among which is the company’s CEO, acquired a total of around $270.75 million worth of TKO Group shares at an average price of $156.07 per share. The stock is currently trading at $175.50, having gained 23.50% since the beginning of the year. Over the past 12 months, TKO Group shares gained 104.64%.
In February, the company announced that UFC and Monster Energy have signed a multiyear renewal of their long-standing partnership, under which Monster will continue as the exclusive global Offical Energy Drink of UFC. TKO will release its earnings report for the fourth quarter of 2024 on February 26.
As per 14 analysts’ ratings, TKO stock is a “Strong Buy,” and its price is forecasted at $146.46, reveals data from Stock Analysis.
9. QNB Corp (OTCMKTS:QNBC)
Number of insiders buying: 9
Market Cap: $125.71 million
QNB Corp is a bank holding company for QNB Bank, which offers commercial and retail banking and brokerage services. Among QNB Bank’s various deposit products are demand and saving accounts, such as interest-bearing demand, and traditional statement savings, among others. The company also provides securities and advisory services.
On January 2, nine insiders acquired a total of around $35,717 worth of QNB shares at a price of $33.92 per share. The stock is currently trading at $34.10, having gained 0.53% year-to-date and 39.18% over the last 12 months. With so much insider trading activity in January, QNB Corp is also one of the 10 Stocks Insiders Are Buying This Year.
For the fourth quarter of 2024, QNB Corp disclosed net income of $3.05 million or $0.83 per diluted share. This compares to net income of $1.13 million or $0.31 per share on a diluted basis, for the same quarter of the prior year. As of December 31, 2024, total assets stood at $1.87 billion compared with $1.71 billion on December 31, 2023.
This is also a dividend-paying stock, with the last dividend payment of $0.37 per share in December.
Currently, there is not much analyst coverage on QNB stock.
