Streetbeat News

Insider Trading

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading lower, continuing a downward trend from the last five days. The company's shares are down more than 15% over this period. Several company insiders, including the chief risk officer, chief marketing officer, and president, have sold large amounts of SoFi stock. Despite this, CNBC's Jim Cramer has recommended buying SoFi Technologies' stock. The stock is experiencing heavy trading volume.

Portfolio Pulse from Erica Kollmann

November 09, 2023 | 6:13 pm

BRK

JNJ

JPM

WFC

WMT

A report from ProPublica suggests that Warren Buffett, CEO of Berkshire Hathaway, may have conducted private trades that could represent a conflict of interest. The report cites instances where Buffett sold stocks in his personal portfolio that Berkshire Hathaway was trading, including Wells Fargo, JPMorgan Chase, Johnson & Johnson, and Walmart. Berkshire Hathaway's ethics policies, written by Buffett, state that no employee can trade stocks personally before transactions of Berkshire are publicly disclosed.

Portfolio Pulse from Chris Katje

November 09, 2023 | 3:56 pm

BRK/A

BRK/B

A ProPublica report has revealed that Warren Buffett privately traded in stocks that his company, Berkshire Hathaway, was buying and selling. The report raises questions about the ethics of such actions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:59 pm

PSTV

SCKT

WGS

Insiders at Plus Therapeutics, Inc. (PSTV), GeneDx Holdings Corp. (WGS), and Socket Mobile, Inc. (SCKT) have recently acquired shares of their respective companies. PSTV posted downbeat quarterly sales and announced a share repurchase program. WGS posted upbeat quarterly sales. SCKT posted a wider-than-expected third-quarter loss.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 1:51 pm

COST

HOOD

NOC

YELP

Insiders at Robinhood Markets, Northrop Grumman, Costco Wholesale, and Yelp have recently sold shares. Robinhood's CEO sold 83,333 shares at an average price of $9.61, Northrop Grumman's CVP & Pres sold 1,670 shares at an average price of $472.62, Costco's EVP sold 3,000 shares at an average price of $571.12, and Yelp's CEO sold 30,000 shares at an average price of $45.07. These sales could indicate concern in the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 12:53 pm

APD

KDP

XOM

Insider trades were noted in four companies: Energy Transfer LP (ET), Exxon Mobil Corporation (XOM), Keurig Dr Pepper Inc. (KDP), and Air Products and Chemicals, Inc. (APD). ET's Executive Chairman and EVP & Pres. LNG bought shares despite the company's downbeat Q3 earnings. XOM's Director bought shares while UBS maintained a 'Buy' rating but lowered the price target. KDP's COO bought shares following the company's Q3 sales growth. APD's Chairman, Pres. and CEO bought shares after the company reported mixed Q4 results.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 11:52 am

DHI

A significant investor has adopted a bearish approach towards D.R. Horton (NYSE:DHI), with unusual options activity being observed. The investor's identity remains unknown, but such a move usually suggests insider knowledge. The trading activity indicates that significant investors are aiming for a price territory stretching from $90.0 to $135.0 for D.R. Horton over the recent three months. Analysts from Barclays, Goldman Sachs, and Raymond James have maintained positive ratings on D.R. Horton, with price targets of $130, $131, and $140 respectively.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 7:31 pm

SCHW

A significant investor has adopted a bearish approach towards Charles Schwab (NYSE:SCHW), with unusual options activity being observed. The investor's identity remains unknown, but the move suggests possible insider knowledge. The general sentiment among heavyweight investors is divided, with 30% leaning bullish and 70% bearish. The significant investors are aiming for a price territory stretching from $42.5 to $55.0 for Charles Schwab over the recent three months. Analysts from Morgan Stanley, Raymond James, JP Morgan, and Barclays have given various ratings and target prices for Charles Schwab.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 7:16 pm

CHE

Chemed's CFO, Patrick David Williams, has sold 6,000 shares at an average price of $583.85 per share, according to a Form4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:40 pm

GPS

HOOD

SCHW

YUM

Insiders at Robinhood Markets, Yum! Brands, The Gap, and The Charles Schwab Corporation have recently sold shares. Robinhood's Chief Legal Officer sold 12,500 shares following mixed Q3 results. Yum! Brands' CEO sold 9,600 shares after Q3 sales growth missed analyst estimates. The Gap's EVP sold 8,712 shares as Evercore ISI Group initiated coverage with an Outperform rating. Charles Schwab's CFO sold 3,114 shares after better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:32 pm