Streetbeat News

Insider Trading

PKG

TXT

UNP

YELP

Insiders at Textron Inc. (TXT), Yelp Inc. (YELP), Union Pacific Corporation (UNP), and Packaging Corporation of America (PKG) have recently sold shares. This could indicate concern in the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:53 am

EXFY

GLGI

RCG

Insiders have recently bought shares in Expensify, Inc (EXFY), Greystone Logistics, Inc. (GLGI), and RENN Fund, Inc. (RCG). SF Roofdeck GP, a 10% owner of EXFY, acquired 168,894 shares at an average price of $2.48. Drew T Lockard, a director at GLGI, acquired 12,000 shares at an average price of $1.03. RCG's President and CEO, Murray Stahl, acquired 413 shares at an average price of $1.73.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:19 am

LIFW

MSP Recovery, Inc. (NASDAQ:LIFW) announced that it is now in compliance with all applicable Nasdaq listing standards, allowing its Class A common stock to continue to be listed and traded on the exchange. The company has rectified its previously disclosed bid price deficiencies. The stock has been trending higher after hitting an all-time low last week, following news that CEO John Hasan Ruiz bought 467,290 shares.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 7:49 pm

BCOV

LODE

MMLP

Insiders at Brightcove Inc. (BCOV), Martin Midstream Partners L.P. (MMLP), and Comstock Inc. (LODE) have recently acquired shares in their respective companies. This could indicate their confidence in the companies' prospects. Brightcove is expected to report its Q3 FY2023 results on Nov. 1, 2023. Martin Midstream Partners posted a narrower loss for Q3, and Comstock reported better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 1:15 pm

ABT

BSY

SLB

TZOO

Insiders at Schlumberger Limited (SLB), Abbott Laboratories (ABT), Bentley Systems (BSY), and Travelzoo (TZOO) have recently sold significant amounts of shares. While insider selling can sometimes indicate concern about a company's prospects, it can also be part of a preplanned sale. Schlumberger has been chosen by Eni S.p.A. to develop plans for measuring and reporting fugitive methane emissions. Abbott Laboratories reported better-than-expected Q3 results. Bentley Systems is set to release Q3 2023 operating results on Nov. 7, 2023. Travelzoo reported better-than-expected Q3 results and announced a 1 million share buyback.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 12:07 pm

KDP

OCFC

SFBC

ZIVO

Insider trading has been observed in four US-listed companies: ZIVO Bioscience, Keurig Dr Pepper, Sound Financial Bancorp, and OceanFirst Financial. ZIVO Bioscience's 10% owner, Strome Group Inc, acquired 366,286 shares at an average price of $7.67, costing around $2.81 million. Keurig Dr Pepper's Chief R&D Officer, Karin Rotem-Wildeman, acquired 7,050 shares at an average price of $29.95. Sound Financial Bancorp's 10% owner, Stilwell Partners LP, bought 4,470 shares at an average price of $35.78. OceanFirst Financial's Anthony Giordano III bought 2,345 shares at an average price of $12.75.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 10:35 am

PKTX

RCG

SVVC

Insiders have recently bought shares in ProtoKinetix, Incorporated (PKTX), Firsthand Technology Value Fund, Inc. (SVVC), and RENN Fund, Inc. (RCG). ProtoKinetix's CFO acquired 20,000 shares, while Firsthand Technology Value Fund's 10% owner bought 49,805 shares and RENN Fund's President and CEO purchased 413 shares. ProtoKinetix's stock has lost around 53% over the past month, Firsthand Technology Value Fund announced plans to seek stockholder approval to withdraw BDC election and pursue liquidation, and RENN Fund shares lost around 4% year-to-date.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:58 pm

ABNB

CME

MKC

MRNA

Insiders at McCormick & Company, CME Group, Moderna, and Airbnb have recently sold shares. McCormick reported downbeat Q3 sales results, while CME Group reported better-than-expected earnings for the same period. Moderna disclosed a strategic partnership with CEPI, and Airbnb received a Neutral rating from Seaport Global.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:00 pm

HAFC

HHH

LCW

MTB

Insider trading has been observed in four US-listed companies: Howard Hughes Holdings Inc. (HHH), Learn CW Investment Corporation (LCW), M&T Bank Corporation (MTB), and Hanmi Financial Corporation (HAFC). The insiders' purchases indicate their confidence in the companies' prospects or that they view the stocks as a bargain.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 10:58 am

JPM

QABSY

JPMorgan Chase CEO Jamie Dimon recently sold 1 million shares of the company, sparking speculation about his retirement. Wells Fargo analyst Mike Mayo predicts Dimon will retire in about three and a half years. If Dimon stays until 2026, he has a board-approved bonus of 1.5 million options waiting for him, contingent on the stock price reaching $149. Dimon has never sold shares of JPMorgan before, and CEOs often sell stock ahead of retirement. Potential successors include several JPMorgan executives.

Portfolio Pulse from Anthony Noto

October 28, 2023 | 1:58 pm