Streetbeat News

Insider Trading

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

AORT

TCMD

Sen. Tina Smith's investment in Tactile Systems Technology (TCMD) has yielded a 48% return in two months. Smith, who sits on Senate health committees, bought $250,000 worth of TCMD during a downturn. The company, based in her home state, has secured government contracts. Smith also invested in Artivion (AORT) with profitable results. This raises concerns about Congressional stock trading and supports the 'Ban Congressional Stock Trading Act'.

Portfolio Pulse from Navdeep Yadav

December 28, 2023 | 8:16 am

CATX

GOVX

VRME

Insiders at Perspective Therapeutics, VerifyMe, and GeoVax Labs have recently made notable stock purchases. Perspective Therapeutics Director Robert F. Williamson III bought shares following the divestiture of its brachytherapy business. VerifyMe's CEO Adam Stedham purchased shares after the board approved a share repurchase program. GeoVax Labs' CMO Kelly McKee acquired shares as the company expanded rights under an NIH license for COVID-19, Mpox, and smallpox.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:55 pm

ADBE

AMAT

AMZN

COIN

Notable insider sales were reported for Applied Materials, Adobe, Amazon, and Coinbase Global. Applied Materials' CTO sold shares worth $3.77 million, while Adobe's CEO and CFO sold shares totaling over $19 million. Amazon's CEO of AWS sold shares worth $153,515, and a Coinbase Global director sold shares worth $190,883. These sales could indicate various motivations, including personal financial management or views on the company's valuation. Additionally, Adobe and Figma terminated their $20 billion merger agreement, and JMP Securities raised its price target for Coinbase.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 12:54 pm

ELTX

HPK

KRP

The article reports on notable insider purchases of shares in three companies, suggesting confidence in their future prospects. Elicio Therapeutics, Inc. (ELTX) saw a 10% owner acquire over 1.2 million shares. Kimbell Royalty Partners, LP (KRP) had a director purchase 30,000 shares. HighPeak Energy, Inc. (HPK) CEO bought 150,442 shares. Insider buying can be a positive signal for investors, but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:56 am

ADBE

Adobe's CFO Daniel Durn sold 3,000 shares of company stock at an average price of $596.94 per share, according to a recent Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:52 pm