Source: Yahoo Finance

The Signal: While much of the stock market has recovered, Xerox is still trading at less than half of its pre-COVID price. Despite this, investor Carl C. Icahn purchased ~$29m worth of shares between August 5th and 7th — a vote of confidence in the company, and an indication that Xerox may have found new markets to pursue.

This is one of many “insider trades” that happened last week, each of which offers interesting insights to those paying attention.