 Insiders Are Buying: Who Loaded Up $22 Million in One Day Friday, May 8 — a day of major insider purchases in the US market. Three top deals caught attention. Breakdown. 1. **51Talk (COE)** — $12.2 million CEO Huang Jack Jiajia bought 446,700 shares at $27.36. Chinese EdTech, after a prolonged decline, receives a signal from the top executive. CEO's total stake — 75.6 million shares. A bet on the recovery of the online education sector in Asia. 2. **Upstart Holdings (UPST)** — $5 million Director Girouard Dave acquired 170,240 shares at $29.37. AI lending platform trades near historical lows. Director's $5 million purchase signals that the bottom is near or the company is undervalued. 3. **Pampa Energy (PAM)** — $4 million VP Mariani Gustavo bought 50,000 shares at $81.21. Argentina's energy sector is specific, but a top manager's $4 million purchase indicates internal confidence. **What else is on the list:** - **SoFi (SOFI):** CEO Noto Anthony bought $250k worth at $15.73 — a moderate signal. - **Pool Corp (POOL):** Two directors bought a combined $2 million. - **Markel Group (MKL):** A director took 150 shares at $1,791 — premium segment. - **Inspiremd (NSPR):** Two directors increased their stakes by 60% and 12% — micro-cap with aggressive accumulation. **My position:** The most interesting deal is Upstart. AI fintech under pressure, but a director's $5 million purchase at a market cap of about $2.5 billion is 0.2% of the company in one day. Either he knows something, or it's just a value bet. Either way, the signal is worth tracking. Data: openinsider.com, May 8, 2026