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Insider Trading

EYPT

PLNT

PLSE

RHP

The article reports on notable insider purchases of shares in four companies, suggesting confidence in their prospects. Ryman Hospitality Properties' Colin V Reed acquired shares worth $2.04 million. EyePoint Pharmaceuticals saw a $10 million purchase by Cormorant Global Healthcare Master Fund LP. Pulse Biosciences' Robert Duggan bought shares for $1.11 million. Planet Fitness' Interim CEO Craig Benson purchased shares amounting to $681,464. Recent company developments are also mentioned, such as quarterly sales, public offerings, regulatory approvals, and financial results.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 12:04 pm

ARKF

ARKK

ARKW

COIN

Coinbase Global Inc. co-founder Fred Ehrsam and ARK Invest have sold over $14 million in COIN shares. Ehrsam sold 97,836 shares for $13.5 million, while ARK Invest sold 10,933 shares worth approximately $1.5 million. This month, ARK has sold over $100 million of COIN shares from its ETFs ARKW, ARKK, and ARKF. Despite the sell-off, COIN shares were up 1.1% on Tuesday.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 10:21 pm

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MNST

MSFT

Rep. Josh Gottheimer disclosed large transactions in Microsoft Corporation (NASDAQ:MSFT) options, raising concerns due to his previous employment at Microsoft and his current position on financial committees. Gottheimer's trades included buying and selling MSFT calls with values ranging from $1 million to $25 million. He also sold shares of Monster Beverage Corporation (NASDAQ:MNST) and purchased shares of Celsius Holdings (NASDAQ:CELH). These actions come despite his promise to put his assets in a blind trust and multiple violations of the STOCK Act.

Portfolio Pulse from Chris Katje

December 12, 2023 | 7:28 pm

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FTCI

NEPH

Insiders at four penny stock companies, including Nephros, Delcath Systems, Charles & Colvard, and FTC Solar, have recently made significant share purchases. These transactions may signal insider confidence in the companies' prospects despite mixed recent financial results. Nephros and FTC Solar reported positive developments, while Delcath Systems and Charles & Colvard posted less favorable financial outcomes.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 1:21 pm

KMI

MSFT

USB

Insiders at Microsoft, Hyatt Hotels, U.S. Bancorp, and Kinder Morgan have recently sold shares of their companies. Microsoft's Kathleen T Hogan sold shares worth $9.11 million, Hyatt's David Udell sold shares for $385,154, U.S. Bancorp's Shailesh M Kotwal sold shares for $401,220, and Kinder Morgan's Dax Sanders sold shares for $881,610. These sales could indicate various things, including personal financial management or a lack of confidence in the company's future prospects. However, insider sales are just one of many factors investors should consider.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 12:03 pm

MACK

TRMB

UNP

Insiders at Merrimack Pharmaceuticals, Ford Motor, Trimble, and Union Pacific have recently made significant stock purchases. Merrimack Pharmaceuticals saw a purchase of 101,050 shares at $12.85 each, while Ford Motor's Chief EV, Digital & Design Officer acquired 182,000 shares at $11.05 each. Trimble's Director bought 10,000 shares at $46.59, and Union Pacific's CEO purchased 4,500 shares at $222.00 each. These transactions may indicate insider confidence despite recent company challenges such as earnings misses and production target cuts.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 11:46 am

MNSO

Top management of MINISO Group (MNSO) purchased shares valued at $1M in the open market, indicating their confidence in the company's future growth prospects. This insider buying could be seen as a positive signal by investors, as it often suggests that those with the most knowledge of the company anticipate an increase in the stock's value.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:32 am

Ford Motor Company's Chief EV, Digital & Design Officer, John Douglas Field, purchased 182,000 shares of Ford's common stock at $11.05 per share, as indicated by a Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:28 pm

IEP

Activist investor Carl Icahn has reduced his stake in FirstEnergy Corp. (FE) to below 1.5%, leading to the resignation of Andrew Teno, a portfolio manager at Icahn Group, from FirstEnergy's board. This move comes as FirstEnergy has been involved in a federal corruption scandal.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:00 pm

SRL

Neil S. Subin has reported a 12.4% stake in Scully Royalty Ltd. as of December 11, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 3:00 pm