4 hot insider trades: Enphase director buys $4.6M in stock | Pro Recap

Investing.com — Here is your Pro Recap of the biggest insider trades you may have missed this week: big insider buys at Enphase, Delta, Cleveland-Cliffs, and Domo.

InvestingPro subscribers got word of these mega insider buys before anyone else. Start your 7-day free trial today.

Enphase Energy director buys $4.6 million worth of shares

Enphase Energy (NASDAQ:) Director, Thurman Rodgers, bought 27,900 shares, or $4.6M worth, at prices from $161.4549-$164.8958.

The company reported its last week. While both EPS and revenues came in better than expected, Q2/23 guidance missed expectations. As a result, shares plunged more than 25% on Wednesday.

InvestingPro’s insider-trading headlines come out in real-time. Never miss another opportunity to jump on market-moving news.

Cleveland-Cliffs CEO buys $1.5M worth of shares, Q1 earnings beat estimates

Cleveland-Cliffs (NYSE:) Chairman, President/CEO, Lourenco Goncalves, bought 100,000 shares, or $1.49M worth, at $14.9365.

The company reported its last week, with EPS of ($0.11) coming in better than the consensus estimate of ($0.20). Revenue was $5.3 billion, beating the consensus estimate of $5.21B.

Shares closed the week with more than 3% loss.

2 more insider purchases

Delta Air Lines (NYSE:) shares rose nearly 3% on Friday after Director, David S. Taylor, bought 5,000 shares, or $164,125 worth, at $32.825.

Domo (NASDAQ:) Director, Daniel David Daniel III, bought 47,500 shares, or $684,807.50 worth, at $14.417.

Amid volatile markets and endless market-moving updates, seize on the right timing to maximize your profits: Always be the first to know with InvestingPro. Start your free 7-day trial now.