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JC Parets

Director Fahmi Buys 2,000 Shares of NSC

June 5, 2024

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Norfolk Southern Corporation $NSC director Sameh Fahmi.

Fahmi reported the acquisition of 2,000 shares of NSC, equivalent to $444,355.

Coliseum Capital Management LLC filed a 13D for Gildan Activewear Inc %GIL revealing an increase in ownership from 5.85% to 6.00%.

Here’s The Hot Corner, with data through June 4, 2024:

In another Form 4, director Richard Scott Blackley bought 11,702 shares of SLM Corporation $SLM.

SLM has actually been carving out a monster base for the past 18 years.

Here's the chart:

If buyers can reclaim that shelf of former highs and make a sustained breakout from this base, we’re looking for a strong leg to the upside.

Stay tuned. We'll be back on Thursday with more insider activity.

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All Star Charts Team

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