Streetbeat News

Insider Trading

XAIR

Beyond Air's Director, Robert Carey, disclosed the purchase of 1.2 million shares at an average price of $1.635 per share through a Form 4 filing on Tuesday.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:19 pm

Goldman Sachs is contemplating a major change to its management committee, potentially the largest in years, due to recent departures. CEO David Solomon, with advice from President John Waldron, may expand or shrink the committee. The committee's size and composition are under review, with new members possibly having closer ties to Waldron. The final decision by Solomon could significantly impact the firm's strategic direction. No appointments have been confirmed, and speculation is high among potential candidates. An announcement is expected after annual compensation discussions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:44 pm

LESL

Leslie's, Inc. (NASDAQ:LESL) announced board changes with Steven L. Ortega retiring at the 2024 Annual Meeting and not seeking reelection. John Strain is now Lead Independent Director and Chairman-Elect, while James Ray, Jr. stepped down from the board. Ortega's retirement follows nearly two decades of service, including as CEO and President. Under his leadership, Leslie's surpassed 1,000 stores and went public. Strain, with over 30 years in retail technology and e-commerce, aims to drive profitable growth. The board size will decrease from nine to eight immediately, and to seven in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:15 pm

CLF

HUMA

INTC

TSLA

Sen. Tommy Tuberville has been actively trading shares and options of United States Steel Corporation (NYSE:X), which is currently proposed to be bought out by Nippon Steel for $14.9 billion, including debt, at $55 per share. This follows a rejected offer from Cleveland-Cliffs Inc (NYSE:CLF) at $35 per share. Tuberville's trades, including puts and calls on U.S. Steel, have raised concerns of a potential conflict of interest due to his position on the Senate Commodity Subcommittee. Tuberville's past trades, including those in Tesla Inc (NASDAQ:TSLA), Humacyte Inc (NASDAQ:HUMA), and Intel Corporation (NASDAQ:INTC), have also been scrutinized for potential conflicts of interest.

Portfolio Pulse from Chris Katje

December 19, 2023 | 5:42 pm

CHWY

Chewy Inc (NYSE:CHWY) shares have risen following insider stock purchases. Jefferies analyst Kaumil Gajrawala initiated coverage with a Buy rating and a $27 price target, citing growth drivers such as pet health, advertisements, and automation. Gajrawala expects Chewy to benefit from increased pet ownership, customer growth, and higher household spending on pet products. Despite potential macro pressures, Chewy is seen as resilient. At the time of publication, Chewy's stock had increased by 7.15% to $23.23.

Portfolio Pulse from Priya Nigam

December 19, 2023 | 5:05 pm

LYFT

Lyft, Inc. executives John Patrick Zimmer and Kristin Sverchek have sold shares worth $3.5M and $85,035 respectively, according to recent Form 4 filings with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:40 pm

CATX

DFCO

SHFS

THAR

Insiders at four companies have recently made notable purchases of their own stock, indicating potential confidence in their companies' prospects. Tharimmune CEO Randy Milby bought 29,000 shares at $0.50 each. Perspective Therapeutics Director Lori A Woods acquired 185,200 shares at $0.27 each. SHF Holdings CEO Sundie Seefried and a Director purchased a total of 39,700 shares at around $0.96 each. Dalrada Financial CEO Brian Bonar bought 9,000 shares at $0.29 each. These transactions can be a factor for investors considering penny stocks.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:29 pm

AVGO

BBY

CSCO

Insiders at Cisco Systems, Broadcom, Electronic Arts, and Best Buy have recently sold significant amounts of shares. Cisco's EVP and CFO sold shares worth around $6 million, Broadcom's CEO sold shares worth approximately $21.79 million, EA's Chief Legal Officer sold shares valued at around $140,530, and Best Buy's 10% owner sold shares worth about $24.15 million. These sales come amidst various company-specific developments such as Cisco's legal victory, Broadcom's positive earnings and dividend increase, EA's new analyst coverage, and Best Buy's strong earnings but lowered future guidance.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:09 pm

CHWY

OLMA

TSE

WFCF

Insiders at Olema Pharmaceuticals, Trinseo, Where Food Comes From, and Chewy have recently made significant stock purchases. Olema Pharmaceuticals Director Graham Walsmley acquired 640,000 shares for about $6.87 million. Trinseo Director Matthew Farrell bought 50,000 shares for $360,500. Where Food Comes From Director Pete Lapaseotes purchased 1,438 shares for $18,334. Chewy Director James A Star acquired 12,242 shares for approximately $249,519. These purchases may indicate insider confidence despite varying company news, such as FDA warnings for Chewy and poor quarterly results for Trinseo.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 11:59 am

COSM

Cosmos Health's stock is experiencing an uptick following the announcement that CEO Greg Siokas plans to buy up to $3 million of the company's common shares in the open market by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:58 pm