Streetbeat News

Insider Trading

COIN

GMM

HUT

LYFT

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

AXR

FDX

GEF

SNCR

Insiders at AMREP, FedEx, Synchronoss Technologies, and Greif have made notable stock purchases, signaling confidence in their respective companies. AMREP's 10% owner bought shares despite a sales decline. FedEx's CFO invested amidst a $1 billion share repurchase agreement. Synchronoss Technologies' director made a purchase after regaining Nasdaq compliance. Greif's EVP and CFO bought shares following strong quarterly earnings.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 2:20 pm

ACN

COIN

LYFT

RBLX

Insiders at Accenture, Roblox, Lyft, and Coinbase Global have recently sold shares of their companies. While insider sales can be part of preplanned transactions, they can also signal a lack of confidence in the company's prospects or that the stock is overvalued. Accenture's director sold shares after a positive earnings report, Roblox's director sold shares following an Overweight rating initiation, Lyft's CAO sold shares after a price target increase, and Coinbase's director sold shares amidst international expansion.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 1:51 pm

ANNX

SRAX

VRME

Insider transactions in penny stocks indicate confidence in their company's prospects. SRAX CEO acquired 15,000 shares at $0.05 each, despite a 77% stock dip over the past month. VerifyMe CEO bought 14,441 shares at $1.04 each, following a board-approved share repurchase program. Annexon Director purchased 350,000 shares at $2.88 each after the company announced a $125 million public offering of common stock.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 11:36 am

AAPL

MSFT

NVDA

U.S. Congressman Pete Sessions purchased one share of NVIDIA Corporation (NASDAQ:NVDA) at $456 on Dec. 6, disclosed on Dec. 26. This follows his pattern of small stock purchases, particularly in tech and consumer staples. Sessions has sold stocks like Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT) recently, while buying U.S. Treasury Bills and Nvidia shares throughout 2023. His actions are notable given his position on committees that could influence the chip sector, and the purchases may indicate a positive outlook for Nvidia despite its significant year-to-date increase.

Portfolio Pulse from Chris Katje

December 28, 2023 | 11:40 pm

DOMH

Anthony Hayes has reported a 5.3% stake in Dominari Holdings through a 13D filing, indicating that the shares were acquired for investment purposes.

Portfolio Pulse from Charles Gross

December 28, 2023 | 9:23 pm

CAUD

ITRM

NTWK

RVP

Insiders at Iterum Therapeutics, Retractable Technologies, Collective Audience, and NetSol Technologies have recently made notable purchases of their companies' stocks, all priced under $3. These transactions may signal insider confidence in the companies' prospects. Iterum Therapeutics regained Nasdaq compliance, Retractable Technologies reported an operational loss, Collective Audience appointed a new CEO, and NetSol Technologies saw an increase in quarterly sales.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 2:18 pm

VET

Behjat Haghshenas, a former Senior Reservoir Specialist at Vermilion Energy Inc (NYSE:VET), admitted to illegal insider trading and agreed to pay a C$400,000 fine and accept a 10-year trading ban. Haghshenas profited C$146,400 from selling Leucrotta shares immediately after the public announcement of Vermilion's acquisition discussions with Leucrotta. This settlement is the largest in about a decade. Vermilion recently projected 2024 production of 82,000 – 86,000 boe/d. VET shares rose 3.05% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 12:41 pm

HSY

LEVI

TDOC

Insiders at Electronic Arts, Hershey Company, Levi Strauss, and Teladoc Health have recently sold shares of their companies. Electronic Arts CEO Andrew Wilson sold 2,500 shares, Hershey CFO Steven E Voskuil sold 1,500 shares, Levi Strauss COO Elizabeth Oneill sold 38,975 shares, and Teladoc Health CMO Vidya Ramantangella sold 27,310 shares. These sales come amidst various company-specific news, such as analyst ratings and executive retirements.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 12:34 pm

ASA

SRG

UFI

Insider purchases at ASA Gold and Precious Metals, Seritage Growth Properties, and Unifi indicate potential confidence in these companies. Boaz Weinstein, a 10% owner, bought shares of ASA for about $52,653. Seritage Growth Properties saw purchases by Yakira Capital Management Inc, costing around $130,899. Kenneth Langone, a 10% owner of Unifi, made a significant purchase of $2.88 million in shares. While insider buying can signal investment opportunities, it should not be the sole factor in decision-making.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 11:18 am