5 Stocks Insiders and Billionaires Are Crazy About

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In this article, we will take a look at the 5 stocks insiders and billionaires are crazy about. If you want to explore similar stocks, you can go to 10 Stocks Insiders and Billionaires Are Crazy About.

5. Zumiez Inc. (NASDAQ:ZUMZ)

Number of Billionaire Investors: 8

Dollar Value of Billionaire Holdings: $8,971,329

Number of Hedge Fund Holders: 17

Zumiez Inc. (NASDAQ:ZUMZ) is an American apparel retailer. At the end of the first quarter of 2023, 17 hedge funds held positions in the company worth $34.3 million. Of those, Divisar Capital was the top investor in the company and held a position worth $9.4 million.

Insiders and billionaires are crazy about Zumiez Inc. (NASDAQ:ZUMZ). On June 5, the company disclosed that its CEO Richard Brooks purchased 10,000 company shares at $14.67 per share. The same day, the company’s president international Adam Ellis bought 74,930 shares of the company for a total transaction amount of $1 million.

At the close of Q1 2023, 8 billionaires held stakes in Zumiez Inc. (NASDAQ:ZUMZ). The total value of these stakes amounted to $8.9 million.

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