MSC Industrial Direct Co inc – (MSM, +1, July 15th)
Mitchell Jacobson (Chairman since 1998, CEO from 1995-2003) purchased 200,000 shares at $72.25 on July 13th, spending $14.45 million. Whilst modest relative to his 12.3m shareholding (6.3m A shares and 6m B shares) he has been a rare buyer with only two previous purchases since 2008. His acquisition of $5.3 million of stock at $78.04 in January 2021 (which we ranked +1) performed well and he made an additional light purchase in May 2022. This is interesting to see him now buying in a larger size than all of his previous purchases combined.
We are ranking the stock +1.