Streetbeat News

Insider Trading

HQH

SFBC

SNCR

Insiders at Synchronoss Technologies, abrdn Healthcare Investors, and Sound Financial Bancorp have recently made notable stock purchases. Synchronoss Director Kevin Rendino bought shares following the company's compliance with Nasdaq's minimum bid price requirement. abrdn Healthcare Investors Director Todd Reit invested as the stock gained around 12% over the past month. Stilwell Partners L P, a 10% owner of Sound Financial Bancorp, purchased shares after a reported decline in third-quarter sales. These insider trades suggest confidence in the respective companies, but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:38 pm

ADBE

GOOG

KHC

Insiders at Adobe, Zoom Video Communications, Kraft Heinz Company, and Alphabet have recently sold shares of their companies. Adobe's President of Digital Media sold shares after the termination of a $20 billion merger agreement with Figma. A Zoom Video director sold shares following a downgrade by Wells Fargo. Kraft Heinz saw insider sales despite an upgrade by Evercore ISI Group. Alphabet's CEO sold shares amidst changes to online user tracking. Insider sales can be a signal to investors but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 12:31 pm

CDZI

LFT

RVP

STSS

Insiders at four companies have recently made notable purchases of their own company's stock. Cadiz Inc. CEO Susan P Kennedy bought 6,762 shares at $2.81 each. Lument Finance Trust President James Henson acquired 15,000 shares at $2.37 each. Retractable Technologies President and CEO Thomas J Shaw purchased 5,522 shares at $1.09 each. Sharps Technology Director Timothy J. Ruemler bought 9,466 shares at $0.40 each. These transactions can signal insider confidence and may influence investor decisions regarding penny stocks.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:55 am

RTX

RTX Corp (NYSE:RTX) has appointed Phil Jasper as the President of its Raytheon subsidiary. Jasper, succeeding Wesley D. Kremer who will retire at the end of Q1 2024, will report to RTX's President and COO Christopher T. Calio. Jasper previously led Collins Aerospace's Mission Systems and has been instrumental in integrating RTX's connected battlespace solutions. Additionally, Troy Brunk, Heather Robertson, and Nathan Boelkins have been named to leadership roles within Collins Aerospace. RTX shares closed slightly lower at $85.41.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 11:36 am

DSS

DSS, a leader in anti-counterfeit, authentication, and diversion protection technologies, announced that its Co. Chairman has purchased 672,173 shares of the company's stock. This move could signal confidence in the company's future prospects and may influence the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 1:17 pm

MPB

STCN

TLYS

Insider purchases were made in Tilly's, Steel Connect, and Mid Penn Bancorp, signaling potential confidence in these companies despite recent challenges such as lower quarterly sales. These transactions may indicate an opportunity for investors, but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 1:16 pm

DASH

HPQ

MCD

NDSN

Insiders at Nordson, McDonald's, HP, and DoorDash have recently sold shares of their companies. Nordson's EVP Stephen Lovass sold 2,000 shares, McDonald's EVP Heidi Capozzi sold 2,750 shares, HP's CEO Enrique Lores sold 38,000 shares, and DoorDash's CFO Ravi Inukonda sold 7,000 shares. These sales occurred as Nordson posted strong quarterly results, McDonald's faced legal action in Malaysia, HP received an analyst upgrade, and DoorDash was added to the Nasdaq-100 Index.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 12:59 pm

CURO

VANI

Insiders at Vivani Medical, Harvard Apparatus Regenerative Technology, and CURO Group Holdings have recently purchased shares of their respective companies. Vivani Medical Director Gregg Williams bought 7,111 shares at $1.01 each, while Harvard Apparatus Regenerative Technology CEO Junli He acquired 2,700 shares at $4.76 each. CURO Group CEO Douglas Clark purchased 10,000 shares at $0.85 each. These transactions may signal insider confidence despite Vivani Medical and CURO Group Holdings reporting wider-than-expected quarterly losses in November.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 11:34 am

CRM

META

NVDA

Mark Zuckerberg resumed selling Meta Platforms Inc. (META) shares after a two-year hiatus, offloading $428 million worth in the last two months of 2023. Zuckerberg sold shares every trading day from November 1 through year's end, totaling nearly 1.28 million shares. Meta's stock price rebounded in 2023, surging by 194% from a seven-year low. Marc Benioff of Salesforce Inc. (CRM) also sold over $475 million worth of shares in the second half of 2023. Despite the sales, these transactions represented a small portion of the tech moguls' wealth.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 7:35 am

ASTC

NBBK

Insider purchases were made in Empire Petroleum, Astrotech, and NB Bancorp, signaling potential confidence in these companies. Empire Petroleum Director Benjamin J. Marchive II bought 2,000 shares at $10.98 each. Astrotech Director Robert McFarland acquired 1,221 shares at $8.19 each. NB Bancorp Director Paul Ayoub purchased 5,000 shares at $14.00 each. These transactions may indicate insider belief in the companies' prospects, despite recent financial results like Empire Petroleum's Q3 net loss and Astrotech's wider Q1 loss.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 2:28 pm