Streetbeat News

Insider Trading

MKL

Arkansas Representative French Hill reported purchasing $50,001 - $100,000 worth of Markel Group (NYSE:MKL) stock on December 13, 2023. Markel's shares are currently down 1.69% at $1364.94. Congressional transactions are monitored under the STOCK Act and are not primary indicators for investing, but can be considered by investors as they may reflect the expectations of lawmakers about the stock's performance.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:05 pm

Rep. French Hill from Arkansas reported selling Altria Group (NYSE:MO) stock valued between $50,001 and $100,000 on December 13, 2023. Altria Group's shares are up 0.62% at $42.28. Congressional transactions are monitored under the STOCK Act, which prohibits using non-public information for trading and requires prompt disclosure of transactions.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:05 pm

FCCO

First Community Corporation (FCCO) announced leadership changes at First Community Bank. J. Ted Nissen will become CEO of the bank while retaining his role as President and join the Board of Directors on July 1, 2024. Joseph A. 'Drew' Painter and Vaughan R. Dozier, Jr. will become Executive Vice Presidents as Co-Chief Commercial and Retail Banking Officers starting January 1, 2024. Michael C. 'Mike' Crapps remains President and CEO of First Community Corporation, focusing on governance and growth strategies.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:16 pm

CCLD

IZEA

LSAK

Insiders at Lesaka Technologies, IZEA Worldwide, and CareCloud have recently made notable purchases of their companies' stocks. Lesaka Technologies Director Ali Mazanderani bought shares at an average price of $3.30, IZEA Worldwide CEO Edward H Murphy acquired shares at $2.19 average, and CareCloud Director Lawrence S. Sharnak purchased shares at $0.71 average. These transactions can signal insider confidence and may influence investor decisions in these penny stocks.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 2:11 pm

BBY

DOCU

HOOD

Insiders at DocuSign, Best Buy, Robinhood Markets, and Verizon Communications have recently sold shares of their companies. DocuSign's insider sold shares after a reported revenue increase, while Best Buy's insider sold post upbeat earnings but with lowered future guidance. Robinhood's CEO sold shares as the company expands its crypto trading service in the EU. Verizon's insider sold shares amidst the launch of a streaming bundle partnership with Netflix and Warner Bros. Discovery Max.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 12:59 pm

LOVE

OXY

SJM

Insiders at Lovesac Company, Occidental Petroleum, J. M. Smucker, and Energy Transfer have made significant stock purchases. Lovesac's 10% owner bought shares worth $3.86M, while Warren Buffett acquired $588.67M in Occidental Petroleum shares. A J. M. Smucker director purchased $125,050 worth of shares, and Energy Transfer's Co-CEO invested $659,500 in the company's stock. These purchases may indicate insider confidence despite varying company performance reports.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 11:58 am

OXY

Warren Buffett's Berkshire Hathaway has purchased an additional 10,482,162 shares of Occidental Petroleum (OXY) at an average price of $56.16 per share, as reported in a Form 4 filing.

Portfolio Pulse from Charles Gross

December 14, 2023 | 10:19 am

LNW

Light & Wonder, Inc. (LNW) has officially appointed Oliver Chow as the company's Executive Vice President, Chief Financial Officer, and Treasurer. Chow has been serving as the Interim CFO since August 2023 and has over 15 years of experience in entertainment and gaming, with previous senior finance roles at Aristocrat and other companies. CEO Matt Wilson expressed confidence in Chow's abilities and experience. Chow is committed to supporting the company's growth and financial strategy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:13 pm

FBRX

OLB

REFR

SDOT

Insiders at OLB Group, Research Frontiers, Sadot Group, and Forte Biosciences have recently purchased shares of their respective companies, signaling potential confidence in their future prospects. These transactions are notable as they involve penny stocks, which are generally considered higher risk investments. OLB Group's CEO acquired shares at $0.75 each, Research Frontiers' director at $0.97, Sadot Group's director at $0.40, and Forte Biosciences' director at $0.65.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:29 pm

DASH

HOV

JPM

RIOT

Insiders at Riot Platforms, JPMorgan Chase, DoorDash, and Hovnanian Enterprises have recently sold significant amounts of shares. These sales could indicate various things, including personal financial management or a lack of confidence in the company's future prospects. Riot Platforms produced more Bitcoin in November, JPMorgan acquired a stake in Indra, DoorDash will join the Nasdaq-100 Index, and Hovnanian reported increased Q4 results.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 12:55 pm