A CEO buy, a director cluster, and fintech exec purchases—three
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[Morning Watchlist]

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> THIS STORY JUST SHIFTED OUT OF THE BACKGROUND
> [[link removed]] (Market Jar
> Media) 

-------------------------

A PET CARE CEO JUST BOUGHT ABOUT $500,000 OF HIS STOCK — PLUS TWO
MORE INSIDER SIGNALS

When corporate insiders buy shares of their own company in the open
market, investors should take notice.

Insiders have a closer view of business performance, product momentum,
and operational execution than any outside shareholder. They cannot
trade on material nonpublic information, and insider buying is never a
guaranteed predictor of future returns—but it can be a useful _idea
filter_, particularly when purchases are sizable, occur after
volatility, or involve senior executives.

Today’s note highlights three situations where insiders have
recently put meaningful money to work:

*
a CEO purchase in a pet-care name that has already moved sharply
higher,

*
a cluster of director buying after a retail stock was punished, and

*
large executive purchases in a fintech name following a historic
decline.

-------------------------

COMPANY: ELANCO ANIMAL HEALTH (SYM: ELAN)
CEO BUYING INTO STRENGTH
RECENT PRICE: ABOUT $24.39

Elanco Animal Health is a well-known player in animal health, a
category with long-term tailwinds driven by pet ownership trends and
owners’ willingness to spend on care and medications.

The key insider headline: CEO JEFFREY SIMMONS BOUGHT 22,000 SHARES ON
DECEMBER 11, 2025 AT A WEIGHTED AVERAGE PRICE OF ABOUT $21.75, a
purchase totaling roughly $478,500.

WHY THIS PURCHASE STANDS OUT

What makes this particularly noteworthy is _context_. The stock had
already been moving higher, and the CEO still chose to add. Insider
buys after a run are often read as a statement that management
believes the market is still undervaluing what is coming
next—product cycle, margin improvement, or multi-year demand
visibility.

THE MACRO TAILWIND: AMERICANS SPEND HEAVILY ON PETS

Pet spending is not a niche trend anymore; it is a major consumer
category.

*
The American Pet Products Association reported total U.S. PET INDUSTRY
EXPENDITURES REACHED $152 BILLION IN 2024.

*
On the health side specifically, reporting has noted that in 2024,
U.S. households spent NEARLY $40 BILLION ON VETERINARY CARE AND PET
PHARMACEUTICALS.

Those numbers help explain why animal-health companies can work as
durable compounders when they execute well: even in uncertain economic
conditions, owners tend to prioritize pet health.

WHAT TO WATCH NEXT

If you are using insider buying as a “signal,” the next step is to
define what would confirm the thesis:

*
SUSTAINED PRODUCT MOMENTUM: do new launches translate into recurring
demand and repeat purchasing?

*
MARGIN TRAJECTORY: animal-health businesses can re-rate when gross
margin and operating leverage improve.

*
GUIDANCE CREDIBILITY: the market rewards predictable execution.

BOTTOM LINE: A CEO stepping in with nearly $500,000 is a meaningful
vote of confidence—especially when the stock is already elevated
versus prior lows.

-------------------------

_Huge Alerts_

SRCRF: JUNIOR GOLD EXPLORER POSITIONS ITSELF FOR MULTI-MILLION-OUNCE
GROWTH. [[link removed]]

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DISTRICT.

In December, gold reached unprecedented levels above $4,500 per ounce,
creating an ideal environment for junior exploration companies like
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SCORPIO GOLD has made significant progress in defining Manhattan’s
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The company’s MAIDEN MINERAL RESOURCE ESTIMATE OF 740,000 INFERRED
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SEE WHY SCORPIO GOLD IS A GOLD COMPANY TO WATCH AS IT ADVANCES ITS
MANHATTAN DISTRICT TOWARD A POTENTIAL MULTI-MILLION-OUNCE RESOURCE
[[link removed]]

-------------------------

COMPANY: BATH & BODY WORKS (SYM: BBWI)
INSIDERS STEP IN AFTER A SELLOFF
RECENT PRICE: ABOUT $21.83

Bath & Body Works has been in a difficult tape, and the stock
experienced an especially sharp drawdown after earnings. Barron’s
reported the shares fell 25% IN A SINGLE SESSION after missing
quarterly expectations and lowering its fiscal-year forecast, marking
the worst one-day drop in over five years.

Then something important happened: insiders bought.

Barron’s reported that SIX DIRECTORS PURCHASED SHARES following the
plunge, including:

*
director Lucy Brady,

*
Huntington Bancshares CEO Stephen Steinour (a director),

*
Hershey CFO Steven Voskuil (the largest buy in the group),

*
Board Chair Sarah Nash, and

*
Signet Jewelers CEO James Symancyk (a director), among others.

Separately, public summaries of the filings note that Symancyk
purchased 22,500 SHARES on November 24, 2025.

WHY CLUSTER BUYING MATTERS

One insider buy can be noise. Multiple directors buying in close
proximity is often the stronger tell—because it suggests shared
conviction that the market reaction was excessive, or that the
company’s turnaround plan is being mispriced.

In BBWI’s case, the purchases came right after the stock was
punished for results and guidance. That is typically when insider
buying carries the most informational weight—because it aligns with
a period of maximum investor pessimism.

WHAT TO WATCH NEXT

*
EVIDENCE OF STABILIZATION: same-store sales trends, traffic, and
merchandising traction

*
MARGIN RECOVERY: promotional intensity and input costs can sway
results

*
EXECUTION AGAINST THE STRATEGY: management credibility matters after a
guide-down

BOTTOM LINE: The cluster of director buying does not erase fundamental
risk, but it does suggest insiders viewed the selloff as an
opportunity rather than a warning.

-------------------------

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-------------------------

COMPANY: FISERV (SYM: FI)
EXECS BUY AFTER A HISTORIC COLLAPSE
RECENT PRICE: RECENTLY AROUND $64.38

Fiserv suffered a dramatic repricing after the company cut growth and
earnings expectations, with Argentina-related headwinds cited in
coverage as one factor among broader concerns. Barron’s reported the
shares plunged 44% ON OCTOBER 29, 2025 after the forecast cut.

Then insiders stepped in in size. Barron’s and MarketWatch reported
that:

*
CFO PAUL TODD BOUGHT 17,000 SHARES FOR ROUGHLY $1 MILLION, and

*
CHIEF ADMINISTRATIVE AND LEGAL OFFICER ADAM ROSMAN BOUGHT 7,900 SHARES
FOR NEARLY $500,000.

WHY THIS MATTERS

Large executive purchases immediately after a collapse often signal
one of two things (or both):

*
management believes the market has over-discounted the downside,
and/or

*
management wants to “re-anchor” confidence after credibility is
damaged.

In turnaround setups, insider buying can be particularly useful
because it forces the right question: _What is the market pricing
in—and what would need to happen for that narrative to improve?_

WHAT TO WATCH NEXT

*
RESTORING CREDIBILITY: clearer guidance and measurable progress on key
initiatives

*
OPERATING PERFORMANCE: metrics tied to growth engines like Clover,
pricing, and product execution (as referenced in the financial press)

*
MACRO SENSITIVITY: how much of the headwind is transitory versus
structural

BOTTOM LINE: The purchases are meaningful because they are large,
senior, and timed after a major credibility event.

-------------------------

_Edge on the Street_

EVERYONE'S TALKING ABOUT AI DATA CENTERS-THIS OPPORTUNITY GOES DEEPER
[[link removed]]

Data centers dominate AI headlines, but they are only the visible
layer of a much deeper system. Beneath them sits the infrastructure
that determines expansion. Investors are focusing on companies
positioned at that level.

EXPLORE WHAT SITS UNDERNEATH >
[[link removed]]

-------------------------

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