Streetbeat News

Insider Trading

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

FBK

KALV

NCDL

Insider purchases at KalVista Pharmaceuticals, Nuveen Churchill Direct Lending, and FB Financial indicate potential confidence in these companies. KalVista's 10% owner bought shares worth $1.29 million, Nuveen Churchill's 10% owner acquired shares for $30 million following its IPO, and an FB Financial director purchased shares amounting to approximately $399,416. These transactions may signal investment opportunities, though they should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 11:52 am

ODP

ODP Corporation announces that CEO Gerry Smith will resume his duties on February 1, 2024, after a temporary medical leave. Joseph S. Vassalluzzo, who temporarily took over Smith's responsibilities, will revert to his role as independent non-executive Chairman. Additionally, Board member David Szymanski plans to retire, effective February 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:02 pm

CISS

C3is shares have risen following a 13G filing indicating that S.H.N. Financial has acquired a 9.1% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:56 pm

TSLA

Tesla Inc's Chair, Robyn Denholm, is set to sell up to $50 million worth of her Tesla stock, as per a new SEC filing. The planned sale of up to 281,116 shares is part of a trading arrangement set to expire on August 16, 2024, and follows her substantial compensation in 2022, including over 600,000 shares. This news comes amid discussions of CEO Elon Musk's next compensation plan, which may involve 25% control over Tesla's shares. Tesla previously faced a lawsuit over excessive board compensation, resulting in a $735 million settlement.

Portfolio Pulse from Benzinga EV Insights

January 29, 2024 | 7:29 pm

ADMQ

CATX

ETST

RVP

Insiders at Retractable Technologies, Perspective Therapeutics, ADM Endeavors, and Earth Science Tech have recently purchased shares of their respective companies, signaling confidence in their prospects. Retractable Technologies reported an operational loss for the first nine months of 2023, while Perspective Therapeutics received a Buy rating and price target from B. Riley Securities. ADM Endeavors' stock has risen significantly over the past month, and Earth Science Tech reported a net profit for its fiscal second quarter.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 1:53 pm

CAT

META

NFLX

Insiders at Meta Platforms, Caterpillar, Netflix, and Morgan Stanley have recently sold significant amounts of shares. Netflix Director Jay C Hoag sold 47,000 shares, Meta COO Javier Olivan sold 4,500 shares, Morgan Stanley Executive Chairman James Gorman sold 50,000 shares, and Caterpillar CFO Andrew RJ Bonfield sold 10,000 shares. These sales may indicate various motivations, including personal financial planning or views on the company's valuation. Investors often monitor insider trades for insights but should not use them as the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 12:48 pm

CODI

NBTB

PBF

The article reports on notable insider purchases of shares in three companies, suggesting confidence in their prospects. Compass Diversified's Elias Sabo acquired 90,000 shares for about $2.04 million, following a $380 million deal with The Honey Pot Co. NBT Bancorp's Scott A. Kingsley bought 1,000 shares for $36,800 after the company posted downbeat earnings. PBF Energy's 10% owner acquired 12,200 shares for approximately $535,133, amidst a downgrade from Piper Sandler. Insider trading can be a signal for potential investment opportunities but should not be the sole decision factor.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 11:30 am