Sunoco Lp (SUN US, +1, 29-May-24)

Joseph Kim (CEO since 2015) purchased $253,000 of stock on the 23rd of May at $50.50, increasing his stake by 1%. He’s been a relatively rare buyer with only two previous purchases, both of which were timely – buying $204,000 of stock at $17.66 in March 2020 and $177,000 at $35.49 in June 2022 and it’s notable to see him now make his largest purchase at a price 40% higher. 

David Skidmore (Non-Executive since 2021) purchased $78,000 of stock on the 17th of April at $52.10, increasing his stake by 11%. His only previous buy was at $38.14 in December 2021 and it’s also encouraging to see him now buying at a higher price. 

We are ranking the stock +1 (strongly positive).