Sylvamo Corp (SLVM US, +1)
John Sims (CFO since 2021, joined 1994) purchased $646,000 of stock on the 11th November at $30.46, increasing his holding by 44%. The company was spun-out from International Paper Company in October 2021. Sims made six non-option sells of International Paper Company in the four years prior to the spin-out and never made a purchase.
Gregory Gibson (Senior VP since 2021, joined 2000) purchased $574,000 of stock on the same day, increasing his holding by 80%. These two large purchases shortly after the spin-out are very encouraging.
We are ranking the stock +1.
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