Fly Insider: Lyra, Arcellx among week’s notable insider trades

Lyra Therapeutics director Anderson purchased $4.39M in company shares, while Arcellx director Carroll sold $14.21M in company shares

Welcome to "Fly Insider," The Fly’s weekly recap of notable insider stock transactions.

NOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from May 29 through June 2 include:

• VP of Loews (L) Benjamin Tisch purchased 330,000 shares of company stock at $56.91 per share for a total transaction amount of $18,781,389

• Chairman of Genesco (GCO) Mimi Vaughn purchased 10,000 shares of company stock at $18.85 per share for a total transaction amount of $188,549

• Director of Lyra Therapeutics (LYRA) Edward Anderson purchased 1,805,416 shares of company stock at $2.43 per share for a total transaction amount of $4,387,161

• Investor in Occidental Petroleum (OXY) Warren Buffett purchased 4,660,809 shares of company stock at $58.57 per share for a total transaction amount of $272,996,167

NOTABLE INSIDER SALES: Significant insider sales in the prior week from from from May 29 through June 2 include:

• Director of Airbnb (ABNB) Joseph Gebbia sold 350,000 shares of company stock at $105.83 per share for a total transaction amount of $37,041,585

• Director of Arcellx (ACLX) Jill Carroll sold 340,720 shares of company stock at $41.71 per share for a total transaction amount of $14,212,624

• CEO of ABM Industries (ABM) Scott Salmirs sold 14,983 shares of company stock at $45.44 per share for a total transaction amount of $680,892

• CEO of Best Buy (BBY) Corie Barry sells 17,382 shares of company stock at $71.82 per share for a total transaction amount of $1,248,427

NOTABLE PRICE MOVEMENT AFTER INSIDER TRANSACTION: Shares of Lyra Therapeutics advanced approximately 30% after director Edward Anderson purchased 1,805,416 shares of company stock at $2.43 per share, while shares of Arcellx declined approximately 4% after Director Jill Carroll sold 340,720 shares of company stock at $41.71 per share.

Keywords: insider trading, insider buying, insider selling, executive trading, executive buying, executive selling, stock transactions, SEC