Simon Property Group (SPG) dominated with an 11-insider cluster purchasing $533K, signaling coordinated confidence in the REIT. Smaller pharmaceutical and banking clusters also moved, though the standout conviction buy came from a 10% owner at Nuvectis Pharma (NVCT) who deployed $1.17M following an 8-K filing. The week was moderately active with 29 companies posting insider purchases, split between broad clusters in retail/finance and concentrated bets in pharma and specialty retail.
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