Insider activity was fairly quiet overall, but a significant buy at Nike Inc $NKE dwarves the day’s other transactions.

📌 The most notable insider activity from yesterday’s filings came from the boardroom of Nike $NKE, where Director Bob Swan disclosed a $502,756 purchase.

📌Chairman Mitchell Jacobson filed a Form 4 revealing a $11.1 million purchase in MSC Industrial Direct Co $MSM.

Here’s The Hot Corner, with data from April 9, 2025:

Click the table to enlarge it.

📌 Last but not least, NexPoint Residential Trust $NXRT CFO Paul Richards stepped in with a $193,275 open-market purchase—always a signal worth tracking when it comes from the chief financial officer.

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Today was one of the most epic sessions in the history of the stock market.

Amid rumors around tariffs, the S&P 500 ripped higher, closing up 9.5% on the day.

That makes it the third-largest one-day gain for the index going all the way back to 1950.

Moves like this aren't just rare… they are historic.

You can count on one hand how many times the S&P has rallied more than 9% in a single session in the last 75 years.

The green dots in this chart show these historical rallies.

Only during the depths of the Great Financial Crisis, have we seen stronger gains:

• October 13, 2008: +11.6%
• October 28, 2008: +10.8%
...

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.