— but it wasn’t the only one. Executives at Advanced Micro Devices (AMD) also made significant buys.
Here’s a closer look at these three stocks — and why they might be worth a deeper dive.
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Company: A $4 Million Bet on the Future of Connection Match Group — the parent company of popular dating apps like Tinder, Hinge, and Match.com — just received a bold vote of confidence from its CEO. Spencer Rascoff, who took the helm at Match Group just 100 days ago, has now purchased Barron’s: “100 days in as CEO and more confident than ever in our team and Match Group’s future... Energized by the responsibility and privilege of defining the future of connections for this category.” Match Group is also looking to reward shareholders in other ways. The company declared a $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company's pre-IPO offering. 📲Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s 2023 fastest-growing companies list. 🔒 With their Nasdaq ticker $MODE secured, accredited investors now have a limited time to invest and even lock in 120% bonus shares before they potentially go public. Nike (SYM: NKE) It’s not every day you see a well-known retail stock trading near multi-year lows. But that’s the case with $502,756 worth of shares at an average price of $58.46, a substantial buy for a company of Nike’s size. Wall Street is starting to warm back up to the stock as well. Jefferies recently upgraded Nike to a $115 price target on the stock — nearly double its current level. Their case is centered on a few key ideas:
Advanced Micro Devices (SYM: AMD) The semiconductor industry has been front and center in the AI boom — and for just under $1 million. It’s a substantial show of confidence in the chipmaker’s long-term prospects — particularly in the AI space. CEO Lisa Su recently revised AMD’s total addressable market (TAM) for entire semiconductor industry’s sales in 2023. AMD’s newest product, the “the most advanced AI accelerator in the industry,” according to Su. The chip is already generating buzz as a viable alternative to Nvidia’s dominant position — and could provide AMD with a larger slice of the AI hardware market over the next few years. For long-term investors betting on AI infrastructure growth, AMD remains a key player — and now, a freshly confident insider just reinforced that view. |
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Written by Ian Cooper