This article presents an overview of Insiders are Buying These 5 Best-Performing Stocks in 2024. For a detailed overview of such stocks read our article, Insiders are Buying These 10 Best-Performing Stocks in 2024.
5. Heritage Insurance Holdings Inc (NYSE:HRTG)
YTD Stock Performance: 37.11%
Heritage Insurance Holdings Inc (NYSE:HRTG) shares are up 29% so far this year. On May 6, Paul L. Whiting, a director at Heritage Insurance Holdings Inc (NYSE:HRTG), bought 50,000 shares at $8.35 per share. Since this transaction the stock price has gained about 1%.
4. Levi Strauss & Co (NYSE:LEVI)
YTD Stock Performance: 39.67%
Levi Strauss & Co (NYSE:LEVI) is one of the best-performing stocks in 2024 that is also seeing insider buying. The stock is up 35% in 2024 through May 9. On May 6, Christopher J. McCormick, a director at Levi Strauss & Co (NYSE:LEVI), piled into 500 shares of Levi Strauss & Co (NYSE:LEVI) at $22.11 per share. Since this transaction the stock price is down 0.8% as of May 8 market close.
Meridian Hedged Equity Fund stated the following regarding Levi Strauss & Co. (NYSE:LEVI) in its fourth quarter 2023 investor letter:
“Levi Strauss & Co. (NYSE:LEVI) designs, markets, and sells jeans, casual wear, and related accessories under the Levi’s, Dockers, and Beyond Yoga brands. The company sells its products directly to consumers through its own stores and e-commerce sites and third-party retailers and distributors globally. In the quarter, the company delivered double-digit direct-to-consumer revenue growth driven by gains across its stores, outlets, and e-commerce. This signals the underlying health of the Levi’s brand and its ability to connect directly with loyal customers. Wholesale revenue, however, declined due to macro uncertainty and inventory issues weighing on the US and Europe. The stock appreciated during the quarter in response to general confidence in new management and growth initiatives that, we believe, will accelerate expansion in international markets and women’s apparel, which appear to have more runway.
In our view, Levi appears well-equipped to navigate challenges in the wholesale segment and capitalize on the strengths of its direct-to-consumer business, brand portfolio, and growth initiatives. We maintained our position in the company based on the underappreciated potential that remains to be unlocked across the company’s diverse brand offerings.”
3. Diebold Nixdorf Inc (NYSE:DBD)
YTD Stock Performance: 44.71%
Shopping technology and solutions company Diebold Nixdorf Inc (NYSE:DBD) shares have gained about 43% in value so far this year. On May 6, Diebold Nixdorf Inc’s (NYSE:DBD) CEO Octavio Marquez bought 513 shares of Diebold Nixdorf Inc (NYSE:DBD) at $38.90 per share. Since then May 8 market close the stock has gained about 5.6%.
2. Palomar Holdings Inc (NASDAQ:PLMR)
YTD Stock Performance: 47.94%
California-based insurance company Palomar Holdings Inc (NASDAQ:PLMR) shares have gained about 49% so far in 2024. The stock saw insider buying recently when Thomas A. Bradley, a director at Palomar Holdings Inc (NASDAQ:PLMR), piled into 1,000 shares at $84.32 per share. The transaction took place on May 7. Since then the stock price fell just 0.4%.
1. Lee Enterprises Inc (NASDAQ:LEE)
YTD Stock Performance: 53%
Media company Lee Enterprises Inc (NASDAQ:LEE) has gained about 53% so far this year. On May 7, Steven C. Fletcher, a director at Lee Enterprises Inc (NASDAQ:LEE), piled into 1,000 shares of Lee Enterprises Inc (NASDAQ:LEE) at $12.37 per share. As of May 8 the stock price showed no major change since this transaction.
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