Streetbeat News

Insider Trading

AKTS

Jeffrey B. Shealy, CEO of Akoustis Technologies, purchased 1,310,000 shares of the company at an average price of $0.50 per share, as reported in a Form 4 filing on Wednesday.

Portfolio Pulse from Charles Gross

February 01, 2024 | 12:01 am

RLMD

Relmada Therapeutics CEO Sergio Traversa has purchased 100,000 shares of the company at an average price of $3.87 per share, as reported in a Form 4 filing on Wednesday.

Portfolio Pulse from Charles Gross

January 31, 2024 | 11:57 pm

ARQT

Steven Cohen has reported a 5.2% passive stake in Arcutis Biotherapeutics, according to a 13G filing.

Portfolio Pulse from Charles Gross

January 31, 2024 | 10:00 pm

CRBP

INTC

TCBI

WVE

Insiders at Wave Life Sciences, Corbus Pharmaceuticals, Intel, and Texas Capital Bancshares have made significant stock purchases. GSK plc, a 10% owner of Wave Life Sciences, acquired 3.3 million shares for $16.5 million following an upgrade by Leerink Partners with a $12 price target. Bihua Chen, a 10% owner of Corbus Pharmaceuticals, bought shares worth $9.11 million amid a public offering announcement. Intel's CEO Patrick Gelsinger purchased shares for $130,083 after the company issued lower-than-expected guidance. Robert Stallings, a director at Texas Capital Bancshares, bought shares for $194,890 following disappointing earnings.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:31 pm

CMCSA

DFS

MSM

VRNT

Insiders at Comcast, Discover Financial, MSC Industrial Direct, and Verint Systems have recently sold shares of their companies. MSC Industrial Direct acquired KAR Industrial Inc., while Discover Financial reported a significant drop in Q4 profit. Comcast announced strong Q4 earnings, a $15 billion buyback, and a dividend increase. Insider sales can indicate various sentiments about the company's prospects and stock valuation.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:33 pm

CATX

EXFY

RAVE

Insiders at Expensify, Perspective Therapeutics, and Rave Restaurant Group have recently made significant stock purchases. Expensify's 10% owner bought shares at $1.76 each, following a price target increase by Piper Sandler. Perspective Therapeutics' director acquired shares at $0.58 each, with B. Riley Securities initiating coverage with a Buy rating. Rave Restaurant Group's insider purchased shares at $1.96 each after a reported increase in Q4 sales.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 11:31 am

CLF

NUE

TMST

TimkenSteel Corporation CEO Michael Williams sold 9,500 shares. Cleveland-Cliffs Inc. reported Q4 and full-year 2023 results with a Q4 net loss and full-year net income, while Nucor Corp announced strong Q4 and full-year earnings, expecting Q1 2024 to outperform Q4 2023.

Portfolio Pulse from Austin DeNoce

January 30, 2024 | 8:25 pm

CISS

C3is Inc. (NASDAQ:CISS) experienced volatility after S.H.N. Financial reported a 9.1% stake in the company. The stock has had a volatile history, recently dropping over 13% last Friday after a 20% gain the previous Thursday. Trading volume spiked to over 68.3 million shares, far exceeding the 100-day average of 4.486 million. The high short interest of 11.81% may also be influencing the stock's movement. C3is provides international seaborne transportation services and operates two dry bulk carriers. The 200-day moving average is $0.76, while the current price is $0.15. The stock is up 11.6% at 15 cents.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 5:40 pm

BUKS

OPK

RCG

Insiders at OPKO Health, Butler National, and RENN Fund have recently made notable purchases of their respective company's stock. OPKO Health Director Richard Krasno bought 30,000 shares at $0.99 each, following the company's pricing of a $200 million convertible senior notes offering. Butler National 10% owner Joseph Patrick Daly acquired 900 shares at $0.73 each after the company's subsidiary received FAA approval for aircraft modifications. RENN Fund President and CEO Murray Stahl purchased 56 shares at $1.62 each, amidst the fund's 10% decline over the past six months.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 2:04 pm

COIN

SLB

TMST

ZION

Insiders at Schlumberger (SLB), Zions Bancorporation (ZION), Coinbase Global (COIN), and TimkenSteel (TMST) have recently sold shares of their companies. Schlumberger's Chief Sustainability Officer sold 8,000 shares, Zions Bancorporation's Exec VP sold 4,093 shares, Coinbase's Director sold 97,836 shares, and TimkenSteel's President and CEO sold 9,500 shares. These sales occurred as Schlumberger reported a revenue increase, Zions Bancorp posted better-than-expected earnings, Coinbase received an analyst upgrade, and TimkenSteel announced a name change to Metallus Inc.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 12:49 pm