Streetbeat News

Insider Trading

BBGI

COMM

REED

SCKT

Insiders at CommScope Holding, Reed's, Socket Mobile, and Beasley Broadcast Group have recently made notable purchases of their companies' stocks, all priced under $3. These transactions may signal insider confidence in the companies' prospects. CommScope Holding's insider bought shares at $1.74, Reed's at $2.04, Socket Mobile at $1.40, and Beasley Broadcast Group at $0.71. Recent financial results were mixed, with CommScope and Reed's reporting positive outcomes, while Socket Mobile and Beasley Broadcast Group reported losses.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 1:47 pm

AMZN

GOOG

GOOGL

IBM

META

MSFT

Alphabet Inc.'s Google and Meta Platforms Inc. are the top companies for poaching talent from other tech giants, with 24.15% and 26.51% of their employees respectively coming from competitors. The survey analyzed LinkedIn profiles to determine employee movement within the tech industry. Google has poached the most employees in absolute numbers, with 38,316, primarily from Microsoft and Amazon. Other companies like Salesforce, Nvidia, Adobe, Netflix, and Tesla also hire from tech giants, but at lower rates. IBM hires the least from competitors, focusing on converting interns to full-time roles. Employees leaving Meta often exit the tech industry, possibly due to high pressure or better opportunities elsewhere.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 12:46 pm

FOX

KMB

QCOM

TGT

Insiders at Qualcomm, Fox, Target, and Kimberly-Clark have recently sold shares of their companies. Qualcomm's SVP Neil Martin sold shares at $130 each, Fox's Keith Rupert Murdoch sold at $29.57, Target's Executive Officer Matthew Zabel sold at $131.33, and Kimberly-Clark's Chief Legal Officer Jeffrey P Melucci sold at $121.71. These sales follow various company events, including earnings reports and business expansions.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 12:22 pm

CTRN

LAZY

WEST

Insider purchases at Citi Trends, Lazydays Holdings, and Westrock Coffee indicate potential confidence in these companies. Citi Trends' 10% owner bought shares worth over $6M, Lazydays' 10% owner purchased shares for $1.51M, and a Westrock Coffee director invested around $187K. These transactions may signal buying opportunities, though they should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 11:55 am

ASA

HHC

KMPR

QRVO

Insider purchases at Howard Hughes, ASA Gold and Precious Metals, Qorvo, and Kemper indicate potential confidence in these companies. William Ackman bought $12.05M worth of Howard Hughes shares, Boaz Weinstein acquired $1.42M in ASA, Walden Rhines purchased $465,950 of Qorvo stock, and Joseph Lacher Jr invested $216,000 in Kemper. These transactions may signal buying opportunities, though they should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 1:23 pm

ADI

HSY

NVDA

Notable insider sales were reported for NVIDIA, Electronic Arts, Analog Devices, and Hershey Company. NVIDIA insiders sold shares worth approximately $19.2 million, while the company is expanding its autonomous driving team in China. Electronic Arts' CEO sold shares worth around $342,976, following a price target increase by Deutsche Bank. Analog Devices' EVP sold shares worth about $3.13 million after reporting a revenue decline but beating consensus. Hershey's CFO sold shares totaling around $289,065 after the company reported upbeat earnings.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:54 pm

GBTC

MSTR

Andrew Tate compared Michael Saylor's responsible business practices at MicroStrategy with Sam Bankman-Fried's fraudulent activities at FTX. Tate highlighted Saylor's net-benefit approach to business, contrasting it with Bankman-Fried's 0-benefit strategy, which led to his conviction on fraud charges. Tate also discussed the potential SEC approval of a Bitcoin ETF, mentioning several contenders for the ETF including Grayscale, Ark/21 Shares, Bitwise, BlackRock, VanEck, WisdomTree, Valkyrie, Invesco Galaxy, and Fidelity Wise Origin.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 12:04 pm

AULT

RGF

RVP

TURN

Insider transactions indicate confidence in penny stocks, with notable purchases in 180 Degree Capital (TURN), Retractable Technologies (RVP), Ault Alliance (AULT), and The Real Good Food Company (RGF). TURN's Alicia M Gift bought shares amid a Discount Management Program. RVP's Thomas J Shaw invested as the company reported an operational loss. AULT's Milton C. Ault III made a significant purchase while exploring options for undervaluation. RGF's Bryan T Freeman bought shares following a debt refinancing agreement to enhance liquidity.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 11:53 am

SPI

SPI Energy Co., Ltd. (NASDAQ:SPI) has issued a $2.2 million 5% Convertible Promissory Note to Palo Alto Clean Tech Holding Limited, which is affiliated with SPI's CEO, COO, and CFO. The note can be converted into shares at a price of $1.10 per share.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:49 am

AAPL

BRK

Charles 'Charlie' Munger, Warren Buffett's partner at Berkshire Hathaway, has passed away at 99. Buffett praised Munger's role in building Berkshire Hathaway. Munger was vice chairman and a major shareholder, with holdings worth $2.1 billion. Under their leadership, Berkshire Hathaway outperformed the S&P 500 with an average annual gain of 20.1% from 1965 to 2021. Munger's investment strategies, including the 'Lollapalooza effect' and focus on great companies at decent prices, were highlighted, with Apple Inc. being a notable investment. The investment community mourns his loss, recognizing his contributions to finance and investing.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:58 pm