Insider Trading Weekly: Moves in Coinbase and Peloton

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Coinbase (COIN) - Executives Rapidly Offloading Shares

In an unprecedented move, executives at Coinbase have been offloading their shares at the fastest speed recorded to date. This significant increase in selling activity among the company's leadership may signal insider views on market conditions or future company performance, prompting investors to closely monitor these developments. Of course, these trades may just be executives selling off shares from their compensation packages, but such a marked increase could also hint at insider perspectives on the company’s valuation.

Recent Trades:

Peloton (PTON) - Executives Continue Sales Amidst Decline

As Peloton's stock navigates through a massive decline (down 97% from it’s peak during the Pandemic), its executives have notably continued their selling spree, even as prices trend downwards. This pattern of divestment on the descent is unusual, raising eyebrows among investors and market analysts alike. While these sales might reflect personal financial planning or portfolio diversification strategies, they also prompt speculation about the executives' confidence in the company's short-term recovery prospects.

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Cleveland Cliffs (CLF) - Executives Make Bold Investment

A Cleveland Cliffs (CLF) executive has made a bold statement by purchasing a $500,000 position in the company, increasing his holding by more than 1,000%. This significant investment comes at a time when previous executive purchases have been followed by a substantial 50% increase in stock price, suggesting a strong belief in the company's future performance and potential for growth.

The Trade:

Top Congress Purchases of the Week

Top Congress Sales of the Week

Insiders Perfectly Timed the Market, Again

1. Coinbase insiders sold $40M worth of stock on 12/27

2. Our premium users were alerted of the unusual activity

3. The stock fell -6% the next day

4. COIN is -33% since insiders perfectly timed the market

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