Streetbeat News

Insider Trading

HON

Illinois Representative Jonathan Jackson reported selling Honeywell Intl (NASDAQ:HON) stock valued between $50,001 and $100,000 on December 4, 2023. Honeywell shares are slightly down by 0.3% at $197.77. Congressional transactions are monitored under the STOCK Act and are not primary indicators for investing decisions but can be considered by investors. The reason for Jackson's sale is not specified, and such sales can have various motivations.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 3:05 pm

CTRN

HSDT

Insider purchases were reported for Citi Trends, Hillenbrand, and Helius Medical Technologies, signaling potential confidence in these companies. Citi Trends saw a 10% owner acquire shares, despite a recent sales decline. Hillenbrand's director made purchases after the company reported strong Q4 results. Helius Medical Technologies' CEO bought shares following a narrower-than-expected Q3 loss. Insider trading can be a positive sign for investors but should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:18 pm

HIBB

WDAY

WEN

Insiders at Workday, Wendy's, Verizon Communications, and Hibbett have recently sold shares of their companies. Workday's Chief Legal Officer sold shares after a strong Q3 report. Wendy's Director sold shares post Q3 sales growth report. Verizon's EVP sold shares as the company launches a streaming bundle with Netflix and Warner Bros. Discovery Max. Hibbett's SVP of Marketing and Digital sold shares following a strong quarterly sales report. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 2:05 pm

CYAN

FTCI

JSDA

RVP

Insiders at FTC Solar, Retractable Technologies, Cyanotech, and Jones Soda have recently made notable stock purchases. FTC Solar Director Ahmad Chatila bought 14,550 shares at $0.68 each, while Retractable Technologies CEO Thomas J Shaw acquired 1,626 shares at $1.15 each. Cyanotech Director Michael Davis purchased 39,455 shares at $0.90 each, and Jones Soda Director Gregg Reichman bought 175,200 shares at $0.15 each. These transactions may signal insider confidence in the companies' prospects.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 12:22 pm

FFNTF

ITHUF

JSDA

XBRAF

XXII

The cannabis industry sees a wave of executive appointments and board updates. Aaron Lopez is now the head of the National Hispanic Cannabis Council. The Blinc Group, 22nd Century Group, and Healing Commercial Real Estate Inc. have appointed new CEOs. 22nd Century Group (XXII) also sold its hemp/cannabis operations to Specialty Acquisition Corporation. Xebra Brands Ltd. (XBRAF) and iAnthus Capital Holdings, Inc. (ITHUF) elected new board directors. 4Front Ventures Corp. (FFNTF), Wana Brands, Jones Soda Co. (JSDA), FundCanna, FloraWorks Holdings Inc., and Ziel announced other key appointments.

Portfolio Pulse from Jelena Martinovic

December 04, 2023 | 10:46 pm

SABS

Biotechnology Value Fund has disclosed a 5.3% ownership stake in SAB Biotherapeutics according to a recent 13G filing.

Portfolio Pulse from Charles Gross

December 04, 2023 | 9:40 pm

AMRN

Sarissa Capital has publicly stated that they believe Amarin Corporation's stock (AMRN) is significantly undervalued. Sarissa Capital, which is a long-term shareholder of Amarin, has been buying more shares at the current low prices. Details of their recent share purchases will be disclosed in an upcoming 13D filing.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:25 pm

BLMIF

EIS

A study by NYU and Columbia University researchers found unusual trading activity in Israeli stocks and ETFs, such as iShares MSCI Israel ETF (EIS) and Bank Leumi (BLMIF), before the Oct. 7 Hamas attacks. There was a surge in short selling and a sharp increase in put options, suggesting possible foreknowledge of the attacks. The study raises ethical and legal concerns and calls for regulatory review.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 6:29 pm

DRTTF

QNCX

RDW

VWE

Insiders at four companies have made notable purchases of their own company's penny stocks. Vintage Wine Estates Director Timothy Proctor bought shares at an average price of $0.57, after the company reported a wider-than-expected quarterly loss. Redwire's Chief Accounting Officer Chris Edmunds acquired shares at $2.55 each following better-than-expected quarterly sales. 22NW GP, Inc., a 10% owner of DIRTT Environmental Solutions, invested around $2.29 million in shares at $0.51 each after the company reported a revenue increase. Quince Therapeutics Director David Lamond bought shares at $0.94 each after the company completed an acquisition. These transactions may signal insider confidence and are worth considering for investors interested in penny stocks.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 2:12 pm

AAPL