Stock of the Week
Michael Longo (Hibbett Inc CEO since 2019) purchased $350,000 of stock on the 6th October at $70.08, increasing his stake by 13%. This is his second purchase since joining the company, his first was for $135,000 of stock at $9.00 in March 2020 and it’s very encouraging to see him now making this much larger purchase at a much higher price. He already met the ownership requirements ($1.5 million).
We previously ranked the stock +1 on the 19th July due to notable purchases from Benck, Blahnik and Knighten and we are renewing our +1 ranking with this notable purchase from Longo.
C. John Wilder (Evergy Inc Director since 2021; former CEO at TXU, CFO at Entergy, Director NRG) purchased $2.5 million worth of stock at $63.61, increasing his indirect holdings to 2.3 million shares. The purchase follows a $113 million purchase in April at $49.87 on a subscription. The purchases are on behalf of Bluescape Energy Partners which also owns 4 million warrants.
We ranked this stock +N on September 24th based on $500,000 purchases from David Campbell (CEO) and Kirkland Andrew (CFO). We now have three large purchases from insiders, all paying up from prior purchases.
We are upgrading the stock further, from +N to +1.