Stock Markets January 30, 2026

Insider Moves on January 27-29, 2026: Major Buys at USA Rare Earth and Notable Executive Sales

Directors increase holdings at USA Rare Earth while senior executives at chipmakers and financial firms trim positions

By Priya Menon
Insider Moves on January 27-29, 2026: Major Buys at USA Rare Earth and Notable Executive Sales

This report catalogues the most notable insider transactions disclosed on Thursday, January 29, 2026. Key highlights include a large purchase by a USA Rare Earth director, additional buys by company insiders and large shareholders at Under Armour and ASA Gold & Precious Metals Ltd, and sizeable sales by executives at Microchip Technology, Micron Technology, Teledyne Technologies, Goldman Sachs Group Inc, and Wrap Technologies, Inc. The summary quantifies each transaction, ownership changes disclosed in SEC filings, and the trading ranges or prices tied to the transactions.

Key Points

  • Directors at USA Rare Earth increased holdings - Michael Blitzer bought 100,000 shares at $21.44 per share and now directly holds 847,500 shares while indirectly controlling 3,125,000 shares through Inflection Point Holdings II LLC; Carolyn Trabuco bought 1,300 shares at $22.60.
  • Large shareholder purchases include Fairfax Financial and related investors acquiring $16.4 million of Under Armour Class A and Class C shares, and Saba Capital buying $4,578,517 of ASA Gold & Precious Metals Ltd stock.
  • Significant executive sales were reported at Microchip Technology, Micron Technology, Teledyne Technologies, Goldman Sachs Group Inc, and Wrap Technologies, with combined individual transactions ranging from about $2.04 million to $7.9 million.

Overview

This accounting summarizes the most material insider trading activity reported for the period ending January 29, 2026. The filings reflect purchases and sales by company directors, officers, and ten percent owners across a range of industries. The itemized transactions include share counts, dollar values, price ranges, and the post-transaction ownership reported to regulators.


Top insider buys

USA Rare Earth, Inc. recorded a significant director-level purchase when Director Michael Blitzer acquired 100,000 shares of common stock at a price of $21.44 per share, representing a transaction value of $2.14 million. The block was executed at prices between $21.32 and $21.49. Following this acquisition, Blitzer directly owns 847,500 shares and indirectly controls 3,125,000 shares through Inflection Point Holdings II LLC, where he is the sole Managing Member. The filing notes that the stock was trading at $22.07 at the time of the report, which is modestly above Blitzer's weighted purchase price, though down from the prior close of $25.18. The company has produced a year-to-date return of 85.46 percent as disclosed in the filing.

Another director at USA Rare Earth, Carolyn Trabuco, purchased 1,300 shares of common stock at $22.60 per share, for a total reported outlay of $29,379. The transaction was completed through multiple trades at a weighted average price, and the SEC filing indicates that Trabuco now directly holds 1,300 shares of the company.

Under Armour, Inc. saw activity from its ten percent owners, with Fairfax Financial Holdings LTD/CAN and WATSA V PREM ET AL reporting purchases totaling $16.4 million across Class A and Class C Common Shares. Executed on January 27 and 28, 2026, these purchases were made at prices ranging from $6.20 to $6.30. The reported breakdown shows 842,481 Class C Common Shares acquired at a weighted average price of $6.20 and 686,505 Class A Common Shares obtained at a weighted average price of $6.30.

NBT Bancorp Inc. Director Timothy E. Delaney bought 22,730 shares of common stock on January 28, 2026, at $42.97 per share, for a total of $976,708. Post-transaction ownership reported in the filing shows Delaney directly holding 74,615 shares and indirectly holding 8.987 shares as custodian for his spouse.

ASA Gold & Precious Metals Ltd recorded purchases by its ten percent owner Saba Capital Management, L.P. across two transactions valued in total at $4,578,517. On January 27, 2026, Saba Capital purchased 3,730 shares at $73.15 per share; on January 28, 2026, it acquired 57,165 shares at $75.32 each. The filing states that following these transactions Saba Capital holds 5,527,657 shares of the company.


Top insider sells

Microchip Technology reported that CEO Steve Sanghi sold 98,814 shares of common stock on January 28, 2026, at $80.55 per share, with the transaction valued at roughly $7.9 million. Following the sale, Sanghi is disclosed as an indirect holder of 9,922,319 shares through The Sanghi Trust and The Sanghi Family Limited Partnership.

Micron Technology Inc disclosed that Senior Vice President and Chief Legal Officer Ray Michael Charles sold 10,468 shares of common stock on January 27, 2026, across several transactions. The sales were executed at prices from $401.16 to $415.65, producing a combined transaction value of $5,025,987. The filing shows Charles directly owns 74,675 shares after the sales.

Teledyne Technologies Director Michael T. Smith sold a total of 4,000 shares of common stock over two days, January 28 and January 29, 2026, at $621 per share, generating proceeds of $2.48 million. The filing breaks the activity into two trades - 1,531 shares on January 28 and 2,469 shares on January 29 - and discloses that Smith now directly holds 47,128 shares, which includes 468 Restricted Stock Units.

Goldman Sachs Group Inc Global Treasurer Halio Carey reported selling 2,836 shares of common stock on January 27, 2026, at prices between $921.25 and $932.81 per share. The aggregate reported value of the sales was $2,638,716, and the filing indicates Carey now directly owns 2,017 shares of Goldman Sachs.

Wrap Technologies, Inc. disclosed that its ten percent owner Elwood G. Norris sold 471,520 shares of common stock between June 13, 2025, and November 28, 2025, for an aggregate of $2,046,282. The sales occurred at prices ranging from $1.50 to $2.91 per share, with the largest single sale recorded on October 24, 2025, when 75,001 shares were sold.


Why monitor insider activity

Insider transactions can provide context for investors because purchases by executives, directors, or major shareholders may reflect their assessment of valuation or company prospects. The opposite - significant insider sales - can sometimes be interpreted as a signal of concern, though the filings and standard disclosures make clear that insiders sell for a variety of reasons unrelated to outlook, including diversification, tax planning, or personal financial needs. As such, insider activity is one input among many when assessing a company; it should be considered alongside fundamentals, industry conditions, and broader market dynamics.


Conclusion

The period covered by the recent SEC filings shows concentrated buying at USA Rare Earth and sizable purchases by major shareholders at Under Armour and ASA Gold & Precious Metals Ltd, while executives and significant owners at several established companies executed material sales. The filings provide precise detail on share counts, prices, and post-transaction holdings that market participants can incorporate into broader analysis. These disclosures do not, by themselves, explain the motives behind each trade, which remain the purview of the insiders who reported them.

Risks

  • Insider selling does not necessarily reflect deteriorating company fundamentals - insiders may sell for diversification, tax planning, or personal financial reasons, which limits the interpretive power of sales data.
  • A single buying or selling report is only one data point; relying solely on these filings without considering company fundamentals, industry trends, and market conditions increases the risk of misjudging a company’s prospects.
  • The reported transactions do not disclose insiders’ motives, leaving uncertainty about whether purchases reflect long-term conviction or other factors, and whether sales are related to company outlook or personal circumstances.

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