Streetbeat News

Insider Trading

DIS

Disney's stock (DIS) is trading higher after reports emerged that activist investor ValueAct is accumulating a stake in the company. This move by ValueAct could signal confidence in Disney's future prospects or potential for strategic changes that could benefit shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:58 pm

GOSS

Insiders at three companies have recently made notable purchases of their own company's stock. Earth Science Tech CEO Giorgio R Saumat bought 102,416 shares at $0.07 each, after the company reported a net profit for its fiscal second quarter. Vivos CEO and President Michael Korenko purchased 100,000 shares at $0.05 each, despite the stock falling 15% over the past six months. Gossamer Bio COO/CFO Bryan Giraudo acquired 200,000 shares at $0.56 each, following a price target increase from $5 to $6 by Wedbush.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 2:31 pm

AAPL

MSFT

PEP

Insiders at Microsoft, Apple, PepsiCo, and Gartner have recently sold shares of their respective companies. Microsoft's EVP, Judson Althoff, sold 11,500 shares. Apple's Principal Accounting Officer, Chris Kondo, sold 4,806 shares. PepsiCo's Vice Chairman, Hugh Johnston, sold 48,388 shares following a new Buy rating from Jefferies. Gartner's Director, James C Smith, sold 10,885 shares after the company reported strong Q3 results and raised FY23 guidance. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 1:02 pm

ASA

DBD

INTC

MRCY

Insiders at ASA Gold and Precious Metals, Intel, Mercury Systems, and Diebold Nixdorf have made significant stock purchases. Boaz Weinstein, a 10% owner of ASA, bought shares worth $2.03 million. Intel Director Bu Lip Tan invested $2.5 million in the company's stock. Mercury Systems Director Orlando Carvalho purchased shares for $1.18 million, and Diebold Nixdorf's CEO Octavio Marquez acquired shares valued at $21,500. These purchases may indicate insider confidence despite various challenges faced by the companies.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 12:21 pm

HTBI

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced the retirement of Executive Chair Dana L. Stonestreet, effective after the Annual Meeting on November 13, 2023. Richard T. 'Stick' Williams, currently Vice Chair and Lead Director, will succeed him. Stonestreet has been with HomeTrust since 1989, leading its growth from $200 million to $4.7 billion in assets. Williams, a retired Duke Energy executive, joined the HomeTrust Board in 2016 and is recognized for his extensive business experience.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:01 pm

AWR

JANX

Insider purchases at Block, Janux Therapeutics, and American States Water indicate potential confidence in these companies. Block's 10% owner David Goel invested approximately $27.5 million in the company's shares. Janux Therapeutics saw a $4.99 million purchase by Avalon Bioventures I LP, and American States Water had a smaller transaction with Director Steven D Davis buying $77,899 worth of shares. These transactions come as Block reported strong earnings, Janux Therapeutics posted a narrower loss, and American States Water reported disappointing earnings.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 1:23 pm

COIN

ORCL

QCOM

Insiders at Oracle, Qualcomm, Southern Company, and Coinbase Global have recently sold shares. Insider sales can indicate various sentiments about the stock's value or company prospects. Notably, Kathryn Haun of Coinbase sold shares at $99 each, George N. Conrades of Oracle at $112.87, Stephen E Kuczynski of Southern at $68.39, and James J Cathey of Qualcomm at $124. These transactions occurred amidst various company-specific news such as earnings reports and analyst upgrades.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 12:47 pm

BLND

GWH

LXRX

MCHX

Insiders at four companies, Marchex, Lexicon Pharmaceuticals, Blend Labs, and ESS Tech, have recently purchased shares, signaling potential confidence in their respective companies. These transactions involve penny stocks, with share prices under $2. Notable insider buying occurred following various company updates, including narrower-than-expected quarterly losses and upbeat sales reports.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 11:45 am

EXFY

A Form 4 filing with the SEC reveals that SF Roofdeck GP LLC purchased 1,014,197 shares of Expensify's common stock at a price of $1.82 per share.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:06 pm

AHTR

EPRT

JBGS

WELL

Essential Properties Realty Trust, Inc. (EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023, and the appointment of Scott A. Estes as the new Board Chair. Bossidy's retirement is not due to any disagreement with the company's operations or practices. The Board will be reduced from eight to seven members. CEO Mavoides praised Bossidy's contributions and expressed confidence in Estes, who has extensive REIT industry experience and has served in leadership roles at Welltower, Inc. (WELL) and is involved with JBG SMITH Properties (JBGS) and American Healthcare REIT (AHTR).

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:25 pm