Gates' Cascade drops $100M on RSG near 52-week low

Cascade Investment walked in with $100.5M of Republic Services stock this week. Discretionary. Bill Gates' investment firm doesn't file 10b5-1 plans for open-market purchases like this. They pick the day, and they picked Tuesday. RSG sits seven dollars above its 52-week low of $196, up zero percent year-to-date while the S&P climbed 4.8%. The stock trades at a discount to waste management peer Waste Management, which is up 6.2% this year. Here's the context that matters. Cascade already owns $20B of Republic Services.

This $100.5M buy adds half a percent to that position. The firm doesn't chase momentum. They bought more CVS in September when it dropped to $55. They bought more Deere in December at $398. Both stocks were near 52-week lows when Cascade stepped in. Republic Services fits the pattern. The market isn't excited about waste management right now. Gates' firm is.

KHC CEO drops $5M buying near 52-week lows

Kraft Heinz's CEO just bought $5.0M of stock in the open market. Discretionary, not pre-planned. The purchase comes as KHC trades near the bottom of its 52-week range after a flat year, and represents a quarter of his total position. Last time he made a buy this size was never.

TKO CEO buys $2M after 19% pullback from highs

TKO's co-CEO Ariel Emanuel just bought $2.0M worth of shares at $183, adding 6.8% to his position. Discretionary, not pre-planned. The stock sits in the middle of its range after going nowhere this year, but Emanuel's timing is , TKO reports earnings in two weeks and the company just announced a new UFC broadcast deal with ESPN worth $1.5B annually.

TKO insider buys $2M near 52-week lows as stock flatlines

TKO's president Mark Shapiro just dropped $2.0M into the stock through his pre-planned 10b5-1 program, adding 8.1% to his position. The buy comes at $183, near the middle of the 52-week range after the stock went flat this year. Shapiro set up this purchase in advance, so the timing isn't reactive to any specific catalyst.

ADP director buys $746K near 52-week low amid 37% drawdown

Board member Swan just bought $746K of ADP at $209, a 10b5-1 pre-planned purchase that increased his stake by 41.6%. The stock is down 37% from its 52-week high as the payroll processor faces slowing hiring trends. Swan's last purchase at similar levels preceded a 40% run to all-time highs.

Zoetis director buys $501K near 52-week low after 55% drawdown

Board member Damelio bought $501K of ZTS at $76, barely above the 52-week low. The stock has been cut in half from its peak as animal health spending softens. Discretionary purchase, no 10b5-1 plan. He now holds 32% more shares than before this buy.

Las Vegas Sands taps debt markets with new material financing agreement

Las Vegas Sands entered a new credit agreement that restructures its debt facility, giving the casino operator more financial flexibility as it navigates its Macau and Singapore properties. The deal comes with LVS stock trading near the middle of its 52-week range after a flat year. The company now has fresh capital structure room to manage upcoming maturities or fund expansion projects in its key Asian markets.

Quest Diagnostics enters material definitive agreement

Quest Diagnostics signed a definitive agreement to acquire a material asset or business, though the specific target and deal terms weren't disclosed in the initial filing. The move comes while DGX trades mid-range at $190, well off its $214 peak but holding steady year-to-date. Quest has been actively expanding its testing portfolio and geographic footprint, so this likely fits their buy-and-build strategy in specialized diagnostics.

ON Semiconductor issues $1.5B convertible notes due 2030

ON Semiconductor issued $1.5B in convertible notes due 2030 to fund its $1.6B acquisition of SWIR Vision Systems, a maker of infrared imaging sensors for autonomous vehicles and industrial automation. The company simultaneously entered a capped call transaction to limit dilution if the stock surges past the conversion price. The deal doubles down on ON's bet that silicon carbide and advanced sensors will power the next wave of EV and AI infrastructure growth.

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