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WORK - Insider Weekends: Harold Hamm Buys More Of Continental Resources
Slack Technologies Inc. Class A
Insider buying more than doubled last week with insiders purchasing $286.95 million of stock compared to $123.37 million in the week prior even as the S&P 500 declined nearly 3% for the week. The large spike in COVID-19 cases in both Texas and Florida caught the attention of investors and weakened investor appetite for stocks. With volatility high, the premium on options is elevated and I decided not to buy put options on the S&P 500 as I have done in the past but decided to scale back on some investments on the long side.