Streetbeat News

Insider Trading

COMM

ERAS

FBRX

ROI

Insiders at four companies have recently made notable purchases of their own company's stock, indicating potential confidence in their respective companies' prospects. Forte Biosciences Director Paul A Wagner bought 51,203 shares at $0.60 each. CommScope Holding SVP & President Koen Linde Ter acquired 13,513 shares at $1.84 each. RiskOn International 10% owner Milton C. Ault III purchased 2,000 shares at $0.21 each. Erasca Director Harding Denise Valerie Start bought 10,000 shares at $1.85 each. These transactions can be a factor for investors considering penny stocks.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 1:34 pm

BBY

GOOG

KEY

PAYC

Insiders at Best Buy, KeyCorp, Alphabet, and Paycom Software have recently sold significant amounts of shares. Best Buy's 10% owner sold shares worth $21.61 million, KeyCorp's Chief Accounting Officer sold shares for $192,300, Alphabet's CEO sold shares worth $2.97 million, and Paycom Software's Chief Administrative Officer sold shares totaling $1.66 million. 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 not the sole indicator for investment decisions.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:42 pm

DIS

HTLD

NXT

OLMA

Insiders at four companies, including Walt Disney (DIS), Heartland Express (HTLD), Nextracker (NXT), and Olema Pharmaceuticals (OLMA), have recently made significant stock purchases. These insider trades suggest confidence in the companies' prospects. Nextracker's CEO acquired shares after positive quarterly results, while Olema Pharmaceuticals' owner invested following interim clinical study results. Walt Disney's director purchased shares amid a new streaming integration, and Heartland Express' owner bought a substantial number of shares despite weak quarterly results.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 12:17 pm

DHR

VLTO

Sen. Sheldon Whitehouse disclosed stock trades of Veralto Corporation (VLTO), raising insider trading suspicions due to his position on the Senate Committee on Environment. He sold shares in three tranches on Nov. 29, totaling $3.34 million. Veralto, a pollution treatment company, was spun off from Danaher Corp. (DHR) in late September. The stock has since risen about 1.6%. Whitehouse previously sold stocks before the 2008 financial crisis but faced no charges.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 10:30 am

FMCC

Rep. Kevin Hern (R-OK) sold shares of Freddie Mac (OTC:FMCC) for a profit of 42.2% to 48.9%, having bought them earlier in the year. This transaction could intensify discussions about banning stock trades by Congress members, especially as Hern previously violated the STOCK Act by not disclosing 2021 transactions. Freddie Mac is under conservatorship since the 2008 financial crisis.

Portfolio Pulse from Chris Katje

December 08, 2023 | 9:32 pm

KMB

Senator Sheldon Whitehouse reported selling $50,001 - $100,000 worth of Kimberly-Clark (NYSE:KMB) stock on December 7, 2023, according to a Periodic Transaction Report. While congressional transactions can be a factor for investors to consider, they should not be the primary basis for investment decisions. The STOCK Act prohibits Congress members from using non-public information for personal gain in stock trading.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

QNCX

SHFS

SILO

UPXI

Insiders at SHF Holdings, Quince Therapeutics, Silo Pharma, and Upexi have recently purchased shares of their respective companies, signaling potential confidence in their future prospects. SHF Holdings and Upexi reported losses in their latest quarterly results, while Quince Therapeutics completed an acquisition and Silo Pharma entered into an exclusive license agreement.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 1:50 pm

ABNB

HOOD

KMI

QRVO

Insiders at Robinhood, Kinder Morgan, Airbnb, and Qorvo have recently sold shares of their companies. Robinhood's Chief Legal Officer sold shares amid the company's expansion in the EU for cryptocurrency trading. Kinder Morgan's VP and Chief Admin. Officer sold shares after the company disclosed positive financial forecasts for 2024. Airbnb's CEO sold shares following a strong Q3 report but a weak Q4 forecast. Qorvo's SVP of High Performance Analog sold shares after the company reported upbeat Q2 earnings.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:40 pm

BMY

BOOM

BUSE

MTDR

Insiders at Bristol-Myers Squibb, Matador Resources, First Busey, and DMC Global have recently made notable stock purchases. Bristol-Myers Squibb's CEO acquired shares amid positive trial data for a cancer treatment. Matador Resources' CEO purchased shares following strong quarterly results. First Busey's Director bought shares after the company posted upbeat earnings. DMC Global's Director made purchases despite the company's downbeat third-quarter results. Insider buying can signal confidence in the company's prospects or undervaluation.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:05 pm

RCAT

AIGH Capital Management has disclosed a 7.4% ownership stake in Red Cat Holdings, as reported in a recent 13G filing.

Portfolio Pulse from Charles Gross

December 08, 2023 | 11:16 am