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Insider Buying: Smart Money Just Spent +$100M on These 3 Stocks
Yahoo Finance· 2026-01-01 16:35
Core Insights - Insider buying signals strong institutional confidence, with notable purchases exceeding $100 million from prominent funds and investors [3][4] Group 1: DoorDash (NASDAQ: DASH) - Board member Alfred Lin purchased over $100 million in DoorDash shares, with the beneficial ownership attributed to Sequoia Capital, indicating a bullish outlook [4][5] - The purchases were made with clients in mind, suggesting a high level of scrutiny and confidence from Sequoia Capital [5] - Despite the significant insider buying, DoorDash insiders sold approximately $29.5 million worth of stock under 10b5-1 plans, which limits bearish implications [6][8] Group 2: Kenvue (NYSE: KVUE) - Kenvue experienced significant insider buying, with board member Jeffrey C. Smith purchasing around $111 million worth of shares, with beneficial ownership going to Starboard Value LP [9]