Streetbeat News

Insider Trading

ASAN

HHH

SRRK

Insider trades were noted in Howard Hughes Holdings Inc. (HHH), Scholar Rock Holding Corporation (SRRK), and Asana, Inc. (ASAN). HHH Director William Ackman acquired 116,536 shares for around $7.96 million. HHH plans to spinoff a new division, Seaport Entertainment, by 2024. SRRK's 10% owner Invus Public Equities Advisors LLC acquired 2,199,931 shares for around $15.09 million. SRRK priced its upsized $85 million public offering of 12,408,760 common shares at $6.85 per share. ASAN's President, CEO and Chair Dustin Moskovitz bought 347,802 shares for around $6.24 million. UBS initiated coverage on ASAN with a Neutral rating and a price target of $20.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 11:05 am

SPWH

Steven W. Sansom, an insider at Sportsman's Warehouse, has purchased 30,000 shares of the company's stock at an average price of $4.59 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Happy Mohamed

October 16, 2023 | 8:24 pm

GME

GameStop Corp (GME) shares have fallen by 4.6% to $14.23, hitting a new 52-week low. This drop comes despite no company-specific news and follows an 18% decrease over the past month. The company's General Counsel and Secretary, Haymond Mark Robinson, recently sold 11,966 shares at an average price of $15.48. The SEC has introduced new regulations requiring hedge funds to disclose their short positions in publicly traded companies, a response to the GameStop stock frenzy of 2021.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 3:55 pm

AAPL

ALB

AZN

BTCUSD

CVS

HON

MANU

NVAX

NWSA

PFE

RAD

WBA

Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

INTZ

MNTR

PRKA

RAIN

Insiders have recently bought shares in four penny stocks: Parks! America, Inc. (OTC:PRKA), Rain Oncology Inc. (NASDAQ:RAIN), Intrusion Inc. (NASDAQ:INTZ), and Mentor Capital, Inc. (OTC:MNTR). Parks! America's revenues fell in the recent quarter, Rain Oncology posted a wider-than-expected quarterly loss, Intrusion was awarded a $5 million multi-year shield agreement, and Mentor Capital's stock gained around 38% year-to-date.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:07 pm

BIOC

Biocept's President and CEO, Antonino Morales, has tendered his resignation effective October 13, 2023, according to an SEC filing. The company's assets will be liquidated and any claims paid in accordance with the code.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:00 pm

FNKO

ORC

SFBC

Insiders at Orchid Island Capital, Sound Financial Bancorp, and Funko have recently made notable purchases of their companies' stocks. Orchid Island Capital's CEO acquired 15,000 shares, Sound Financial Bancorp's 10% owner bought 2,302 shares, and Funko's 10% owner purchased 23,082 shares. These purchases may indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 12:37 pm

CRWD

GME

TTD

UNFI

Insiders at four companies, namely GameStop Corp. (GME), CrowdStrike Holdings, Inc. (CRWD), The Trade Desk, Inc. (TTD), and United Natural Foods, Inc. (UNFI), have recently sold shares. The reasons for these sales are not explicitly stated, but they could be due to preplanned sales or concerns about the companies' prospects. It's important to note that insider sales should not be the sole indicator for making investment decisions.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 11:58 am

Parts ID has entered into a note purchase agreement to issue and sell a junior secured convertible promissory note of $1.1M to Lev Peker, the CEO and Director of the company, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:06 pm

ALLK

Kenneth Griffin has reported a 5.5% passive stake in Allakos as of October 3, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:02 pm