Streetbeat News

Insider Trading

CAUD

COMM

GEG

LDI

Insiders at four companies, Collective Audience, Great Elm Group, loanDepot, and CommScope Holding, have recently made significant stock purchases. These transactions can signal insider confidence in the companies' prospects. Collective Audience CEO Brent Suen bought 190,000 shares, Great Elm Group Director James Hugar acquired 5,042 shares, loanDepot CEO and President Frank Martell purchased 50,207 shares, and CommScope Holding CEO and President Charles Treadway bought 153,019 shares. These insider trades occur alongside various company updates, including a business combination for Collective Audience, a quarterly earnings miss for Great Elm Group, a wider-than-expected loss for loanDepot, and an analyst upgrade for CommScope.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 2:19 pm

STX

UBER

VRTX

WSM

Insiders at Williams-Sonoma, Uber Technologies, Vertex Pharmaceuticals, and Seagate Technology have recently sold shares of their companies. Williams-Sonoma's CEO sold shares after reporting better-than-expected earnings, while Uber's CEO sold shares following a revenue miss. Vertex Pharmaceuticals' EVP and CMO sold shares after a gene therapy received conditional marketing authorization in the UK. Seagate Technology's EVP & Chief Commercial Officer sold shares after reporting a significant revenue decline.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:26 pm

BRK

JNJ

Hedge fund billionaires, including Warren Buffett and Ray Dalio, have been selling shares of Johnson & Johnson (JNJ) in the third quarter, as revealed by recent 13F filings. JNJ, a dividend king and Fortune’s World's Most Admired Company in 2023, has seen a decrease in hedge fund holdings. Buffett's Berkshire Hathaway (BRK) fully exited its position, while Dalio's Bridgewater Associates and other firms like Lazard Asset Management and Alliancebernstein reduced their stakes. Challenges such as upcoming patent expiration and litigation issues may be influencing these decisions.

Portfolio Pulse from Surbhi Jain

November 17, 2023 | 12:58 pm

CHRW

CRGX

DAR

Insiders have made notable purchases in four companies: Impinj, CARGO Therapeutics, C.H. Robinson Worldwide, and Darling Ingredients. These purchases suggest insider confidence in the companies' prospects. Impinj and C.H. Robinson reported better-than-expected third-quarter results, while Darling Ingredients reported downbeat sales. CARGO Therapeutics recently had a share offering with an insider lock-up period ending in May 2024.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 11:31 am

TSLA

Senator Tommy Tuberville disclosed bearish bets on Tesla (TSLA) by buying put options and selling shares ahead of Tesla's Q3 results, which led to a stock decline. He also bought call options and sold shares of U.S. Steel Corp. (X), raising conflict of interest concerns due to his position on the Senate Subcommittee on Commodities. Tuberville engaged in other significant transactions, including buying shares of META, WU, WMS, ROK, RMD, PHM, NXPI, ABBV, GSK, and selling shares of TXN, CSX, NSC, ODFL, MRK, JNJ.

Portfolio Pulse from Shanthi Rexaline

November 17, 2023 | 7:02 am

APYX

CXDO

IHRT

WATT

Insiders at Apyx Medical, Crexendo, iHeartMedia, and Energous have recently purchased shares of their respective companies, all priced under $3. These transactions may signal insider confidence in the companies' prospects. Crexendo and Energous reported better-than-expected earnings, while iHeartMedia saw a revenue decline and Apyx Medical reported disappointing financial results.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 2:31 pm

JJSF

Gerald B. Shreiber transitions to Chairman Emeritus at J & J Snack Foods Corp. (NASDAQ:JJSF), with Dan Fachner elected as the new Chairman of the Board. Fachner has been the President and CEO since 2021 and a Board member since 2022. Shreiber, the company's founder, has been a pivotal figure in the company's success over the past 50 years.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:26 pm

HOOD

MDB

MPC

SNOW

Insiders at Robinhood Markets, Snowflake, MongoDB, and Marathon Petroleum have recently sold shares of their respective companies. Robinhood's Chief Creative Officer sold shares at an average price of $8.31, Snowflake's SVP of Product Management sold at $164.75, MongoDB's COO & CFO sold at $390.94, and Marathon Petroleum's Senior VP and Controller sold at $146.81. These sales could indicate various things, including personal financial management or a lack of confidence in the company's prospects. However, insider sales are not the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:45 pm

GURE

Gulf Resources, Inc. (NASDAQ:GURE) announced upcoming management changes, with Chairman Min Yang and board member Tengfei Zhang not standing for re-election at the Annual Meeting on November 30, 2023. CEO Xiaobin Liu will become the new Chairman. The company has nominated a new director candidate, details of which are in the proxy statement filed on October 3, 2023. Yang expressed pride in the team and believes it's the right time to focus on other business pursuits, while Liu thanked Yang for his mentorship.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:36 pm

RXO

TALO

Insiders at RXO, Talos Energy, Impinj, and AT&T have made significant stock purchases, signaling confidence in their respective companies. RXO's 10% owner acquired shares worth $3.29 million, Talos Energy's 10% owner purchased $1.99 million in shares, Impinj's Director bought shares for $2.46 million, and an AT&T Director invested approximately $971,875 in the company's stock. All companies reported better-than-expected third-quarter results, which may further bolster investor confidence.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 11:55 am