Streetbeat News

Insider Trading

AAPL

AMZN

BRK.A

DIS

MSFT

NKE

TSLA

Cryptocurrencies like Dogecoin, SHIB, and Solana are experiencing significant market movements. Tesla is recalling 120,000 Model S and X EVs due to door issues. Nike and NetEase stocks moved lower in pre-market trading. US markets are optimistic with Dow jumping over 300 points. US and world politics are active with developments in US-China relations and Trump's potential 2024 run. The US economy sees criticism from Peter Schiff regarding Q3 GDP. In tech, Apple and Microsoft face challenges, while Tencent is hit by new regulations. The EV sector is highlighted by Tesla's recall and bullish predictions. GM recalls Chevrolet Bolt EVs. Amazon and Disney face challenges in communication, while Boeing resumes 787 deliveries to China. US banks may face significant losses in real estate, and Berkshire Hathaway increases its stake in Occidental Petroleum.

Portfolio Pulse from Akanksha Bakshi

December 22, 2023 | 1:35 pm

ASA

FLO

OXY

Warren E. Buffett, a 10% owner of Occidental Petroleum, purchased 5,182,615 shares at an average price of $60.22, totaling approximately $312.09 million. Flowers Foods' CFO Steve Kinsey acquired 1,780 shares at an average price of $22.46. Boaz Weinstein, a 10% owner of ASA Gold and Precious Metals, bought 223,381 shares at an average price of $15.94. These insider trades suggest confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 1:32 pm

COIN

GOOG

TOL

VRSN

Insiders at Alphabet, Coinbase Global, VeriSign, and Toll Brothers have recently sold shares of their companies. While insider sales can be part of preplanned strategies, they can also suggest concerns about the company's prospects or overvaluation. VeriSign reported lower-than-expected Q3 revenue, Coinbase registered as a VASP in France, Alphabet launched VideoPoet, and Toll Brothers initiated a new share repurchase program.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 12:41 pm

AMST

BBAI

VANI

VGZ

Insiders at four companies with stock prices under $3 have recently made notable purchases. Vivani Medical Director Gregg Williams bought shares at $0.88 each after the company reported a wider-than-expected quarterly loss. Amesite CEO Ann Marie Sastry purchased shares at $1.85 each, following a new partnership announcement with a community college. Vista Gold CFO Douglas L Tobler acquired shares at $0.45 each as the company announced a royalty agreement with Wheaton Precious Metals. BigBear.ai Director Pamela Braden bought shares at $1.92 each, coinciding with an expanded partnership with Amazon Web Services.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 11:30 am

GSAT

Globalstar, Inc. (NASDAQ:GSAT) stock reached a new 52-week high of $1.85, up by 8.5%, following the disclosure that board member James Lynch purchased 750,000 shares on December 18th and 19th. The insider buying, at prices between $1.66 and $1.69, is often seen as a sign of confidence in the company's future, which can positively influence investor sentiment and stock price.

Portfolio Pulse from Henry Khederian

December 21, 2023 | 7:13 pm

GSAT

Globalstar's stock (GSAT) is trading higher following a Form 4 filing that revealed director James Lynch bought 750,000 shares at an average price of $1.69 each.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:03 pm

AXR

SLND

Insiders at Southland Holdings, AMREP Corporation, and Mistras Group have recently made notable stock purchases. Southland Holdings' Co-COO and EVP Rudolph V Renda bought 14,509 shares at $5.05 each, despite the company's downbeat Q3 earnings. AMREP's 10% owner Rainey Lancaster acquired 2,600 shares at $21.45 each following a decline in quarterly sales. Mistras Group's Director Nicholas Debenedictis purchased 3,000 shares at $7.05 each after the company posted upbeat quarterly earnings.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 1:40 pm

CABO

COST

EXPE

NVDA

Insiders at Cable One, NVIDIA, Costco Wholesale, and Expedia Group have recently sold shares. Cable One's Director sold shares worth $4.51 million, NVIDIA's EVP of Operations sold shares worth $10 million, Costco's EVP and CFO sold shares for approximately $756,248, and Expedia's Director sold shares worth $1.5 million. These sales occurred amidst various company-specific news, such as analyst downgrades and business expansions.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 12:28 pm

AGAE

ASYS

GSAT

JSDA

Insiders at four penny stock companies have recently made significant share purchases. Knighted Pastures LLC bought 163,534 shares of Allied Gaming & Entertainment Inc. (AGAE) for about $233,053. Gregg Reichman acquired 150,000 shares of Jones Soda Co. (JSDA) for $21,750. James F Lynch purchased 750,000 shares of Globalstar, Inc. (GSAT) for approximately $1.26 million. Robert Averick bought 14,000 shares of Amtech Systems, Inc. (ASYS) for around $54,600. These transactions may signal insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 11:29 am

AGAE

Knighted Pastures, a shareholder owning more than 10% of Allied Gaming & Entertainment (AGAE), reported the purchase of 163,534 shares at an average price of $1.43 per share. This transaction was disclosed in a Form 4 filing on Wednesday.

Portfolio Pulse from Charles Gross

December 21, 2023 | 10:40 am