We recently published a list of 10 Stocks With At Least $10 Million In Insider Spending Recently. In this article, we are going to take a look at where CVR Energy, Inc. (NYSE:CVI) stands against other stocks with at least $10 million in insider spending recently.
Since Donald Trump took office, the stock market has experienced a roller coaster ride. Nonetheless, despite concerns about tariffs, job cuts, policy changes, and geopolitical uncertainties, the broader market has risen by 1.46% year-to-date. Furthermore, equity strategists in a Reuters poll project that the broader market will finish the year 9% higher than its current level.
“Many analysts agree with this projection, arguing that the Trump administration’s policies won’t have long-term negative impacts on economic growth or inflation. Furthermore, Trump is often considered the most pro-stock market president in American history.
In addition, one factor that could support the bull market is the adoption of AI, which, according to Morgan Stanley’s Andrew Slimmon, could lead to a productivity boom similar to what happened with the Internet in the late 1990s. Slimmon also points out that investor behavior over the last few years seems similar to what it was in previous bull markets, and adhering to these patterns can be one of the most reliable strategies for driving portfolio outperformance.
When analyzing investor behavior, we chose to focus on insiders—high-level executives and directors within a company. Why focus on insiders? Because they often have valuable insights into a company’s strategy, plans, and next moves. For example, when a CEO or CFO invests their own money in company shares, it can signal strong confidence in the company’s potential.
While both insider buying and selling can be driven by various motives, it’s important to consider these actions in the context of the company’s fundamentals, industry trends, and market conditions. This is why due diligence is crucial before making any investment. However, insider trading activity, along with other relevant factors, can offer valuable insights into a company’s capabilities, helping investors make more informed decisions.
What stocks have seen at least $10 million in insider spending recently? To find out, we used Insider Monkey’s insider trading stock screener, focusing on stocks where at least one insider purchase since the beginning of the year was valued at $10 million or more. Although the total value of insider purchases during this period may be higher, only those worth $10 million or more were considered in this search. Since there were more than 10 stocks meeting this criteria, we selected the 10 stocks with insider purchases ranging from $10 million to $20 million, choosing those with the highest amounts within this range for further analysis.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
For each stock, we provide details on the highest individual purchase, the number of insider purchases between $10 million and $20 million since the start of the year, and the company’s current market capitalization.
A tanker filled with crude oil slowly unloading its cargo onto a container ship.
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, Inc. (NYSE:CVI) 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, Inc. (NYSE:CVI) 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, Inc. (NYSE:CVI) 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, Inc. (NYSE:CVI) 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.
Overall, CVI ranks 5th on our list of stocks with at least $10 million in insider spending recently. While we acknowledge the potential of CVI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
