Streetbeat News

Insider Trading

ACIC

Bradford Martz is stepping down as CFO of American Coastal Insurance to focus on his role as President. Svetlana Castle will take over as CFO effective January 22, 2024. Martz will now concentrate on investor relations and strategic initiatives to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:07 pm

STLA

Goodyear Tire & Rubber Co (GT) has appointed Mark Stewart as the new CEO and President, effective January 29, 2024. Stewart, previously COO of North America at Stellantis N.V. (STLA), will succeed Richard J. Kramer. The change in leadership follows a shareholder activism campaign by Elliott Investment Management, which led to a cooperation agreement and the creation of a Strategic and Operational Review Committee at Goodyear. GT shares rose 2.13% to $14.18 following the announcement.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 4:05 pm

NGL

Rep. Mark Green from Tennessee reported selling stock of NGL Energy Partners (NYSE:NGL) valued between $100,001 and $250,000 on January 17, 2024. The shares of NGL Energy Partners were trading up 0.5% at $5.03 at the time of the report. Congressional transactions are monitored under the STOCK Act, which prohibits using non-public information for personal gain and requires prompt disclosure of transactions.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:05 pm

BICX

CAUD

COEP

OPK

Insiders at OPKO Health, BioCorRx, Coeptis Therapeutics, and Collective Audience have recently purchased shares of their respective companies, signaling confidence in their prospects. OPKO Health's Vice Chairman and CTO acquired 150,000 shares, while BioCorRx's Interim President bought 3,126 shares. Coeptis Therapeutics' CFO purchased 5,000 shares, and Collective Audience's CEO acquired 20,000 shares. These transactions come amidst various company developments, including OPKO Health's private offering, BioCorRx's stock decline, Coeptis Therapeutics' shareholder letter, and Collective Audience's new COO appointment.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 1:55 pm

NBBK

PBF

Insiders at PBF Energy, Worthington Steel, and NB Bancorp have made notable stock purchases. A 10% owner of PBF Energy bought shares worth approximately $53.71 million, while a director at Worthington Steel purchased shares valued at around $51,954. A director at NB Bancorp acquired shares for about $139,873. These transactions may indicate confidence in the companies' prospects. However, an analyst recently downgraded PBF Energy from Overweight to Neutral.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 11:36 am

META

Sheryl Sandberg, former COO of Meta Platforms Inc. (META), is leaving the company's board and will not seek re-election in May. She will continue as an adviser to Meta. CEO Mark Zuckerberg praised her contributions, which were pivotal in Meta's growth in digital advertising, leading to $117 billion in revenue in 2022. Sandberg's departure follows her stepping down as COO in June 2022, succeeded by Javier Olivan. Meta's board expansion continues, and the company has funded Sandberg's security until June 2023.

Portfolio Pulse from Ananya Gairola

January 18, 2024 | 1:09 am

GCBC

Greene County Bancorp, Inc. announced the retirement of Michelle Plummer, its CFO & COO, effective July 31, 2024. She will remain on the Boards of Directors. Nick Barzee will succeed her as CFO starting August 1, 2024. Barzee, a CPA, joined the company in 2021 and previously worked at KPMG.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:36 pm

CVAC

CureVac's CEO Alexander Zehnder recently acquired 50,000 common shares of the company, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:13 pm

MAGE

OPK

TGEN

VANI

Insiders are buying shares of penny stocks, indicating potential confidence in these companies. Notable transactions include purchases by insiders of Vivani Medical (VANI), Magellan Gold (MAGE), OPKO Health (OPK), and Tecogen (TGEN). Vivani Medical recently reported a wider-than-expected quarterly loss. Magellan Gold acquired copper-focused properties. OPKO Health priced a private offering of convertible senior notes. Tecogen announced an order for a Tecochill unit from an educational institution in Connecticut.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 1:19 pm

BSX

JBL

NVDA

PANW

Insiders at NVIDIA, Palo Alto Networks, Boston Scientific, and Jabil have recently sold shares of their respective companies. NVIDIA Director Mark A Stevens sold 36,000 shares, while Palo Alto Networks Director John Donovan sold 15,100 shares. Boston Scientific EVP Michael Joseph Fitzgerald sold 11,660 shares, and Jabil SVP Roberto Ferri sold 6,183 shares. These sales occurred amidst various company updates, including price target adjustments and acquisitions.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 11:44 am