Streetbeat News

Insider Trading

AMZN

NTGR

RCL

Insiders at Amazon, Royal Caribbean Cruises, NETGEAR, and Electronic Arts have recently sold shares. These sales could indicate various strategic or personal reasons. Amazon announced layoffs at its One Medical and Pharmacy units, NETGEAR issued lower than expected revenue guidance, EA is months away from releasing a college football video game, and Royal Caribbean signed an agreement for a new ship.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 12:35 pm

FBK

KRNY

PLCE

TCBI

Insiders have recently made notable purchases in shares of Texas Capital Bancshares, Kearny Financial, FB Financial, and Children's Place, indicating their confidence in these companies. These transactions suggest potential growth or undervaluation of these stocks. Kearny Financial revised its Q2 fiscal 2024 results, Texas Capital Bancshares reported downbeat quarterly earnings, FB Financial increased its quarterly dividend, and Children's Place received a notification of significant ownership by Mithaq Capital.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 11:51 am

STNG

Scorpio Tankers Inc. (STNG) announced that its President, Robert Bugbee, has invested $7M in call options for 555,600 common shares, with a strike price of $60, expiring in September 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:58 pm

FOXO

Spencer C Christopher has reported a 14.53% stake in FOXO Technologies as of January 19, 2024, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:37 pm

WISA

Joseph Reda has reported a 9.998% stake in WiSA Technologies as of February 12, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:16 pm

AMD

AVGO

MSFT

NVDA

TSMWF

The AI 5, coined by Light Street Capital's Glen Kacher, highlights Nvidia, Microsoft, AMD, TSMC, and Broadcom as leading stocks in the AI-driven market. Nvidia excels in GPUs for AI, Microsoft invests heavily in AI with OpenAI, AMD introduces the MI300X chip for AI computations, TSMC leads in semiconductor manufacturing with advanced technologies, and Broadcom's semiconductor solutions support AI applications. Warren Buffett has invested in Apple and Amazon, part of The Magnificent Seven, but not directly in AI 5 stocks.

Portfolio Pulse from Stjepan Kalinic

February 15, 2024 | 5:19 pm

INOD

Wolfpack Research has issued a report on Innodata Inc. (NASDAQ:INOD), criticizing its AI claims as 'smoke and mirrors' and highlighting its reliance on manual data-entry and offshore labor. The report details INOD's low R&D spend, financial struggles, and insider stock sales, suggesting the company's stock will revert to its historical levels due to its inability to pivot to AI. It contrasts INOD's performance and investment in AI with that of its competitors and major tech companies, concluding that INOD's AI claims are misleading.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:52 pm

FMST

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) announced the appointment of Sead Hamzagic as Chief Financial Officer and Corporate Secretary. Hamzagic brings over 37 years of experience in finance and accounting, particularly in the natural resource and mining sectors. His previous roles include CFO positions at various public companies, contributing to initial public offerings and financial management. As CFO of Foremost Lithium, Hamzagic aims to enhance the company's financial capabilities and support its goal of developing its Lithium Lane properties. In recognition of his appointment, Hamzagic was granted a fully vested stock option to purchase up to 20,000 common shares at CAD $3.98 per share, expiring in five years.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:44 pm

BANC

HAIN

RBB

USCB

Insiders at RBB Bancorp, Banc of California, Hain Celestial, and USCB Financial have recently made significant stock purchases, signaling their confidence in these companies despite varying recent financial results. RBB Bancorp and Banc of California directors acquired shares at average prices of $17.06 and $13.16, respectively, with RBB Bancorp posting better-than-expected results and Banc of California reporting a loss. Hain Celestial's CEO purchased shares at an average price of $9.46 following worse-than-expected revenue results, and USCB Financial's 10% owner bought shares at $11.18 after disappointing financial results.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:21 pm

AMZN

FUL

UBER

Insiders at Amazon, AutoNation, Uber Technologies, and H.B. Fuller have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. AutoNation reported higher than expected Q4 adjusted EPS, Uber announced a $7 billion share repurchase authorization, H.B. Fuller posted upbeat Q4 earnings, and Amazon is laying off employees in a cost-cutting move.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:49 pm