Streetbeat News

Insider Trading

VCNX

Shares of Vaccinex (VCNX) are up 43% in premarket trading following the report of two large insider buys after the market closed on Thursday.

Portfolio Pulse from Charles Gross

October 06, 2023 | 8:39 am

TSLA

TWTR

The U.S. Securities and Exchange Commission (SEC) is investigating Elon Musk's recent purchases of Twitter stock, according to a court filing cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:11 pm

FYBR

Frontier Communications' shares are trading higher after ACOF VI Frontier AIV A9, L.P., a 10% owner, acquired a total of 150,000 shares at an average price of $14.80.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 7:49 pm

OSTK

Overstock.com's director, Marcus Lemonis, has purchased 33,000 shares at an average price of $14.94 per share, according to a Form4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:35 pm

CLSD

GLT

LIXT

NTWK

Insiders at four penny stocks, Glatfelter Corporation (GLT), NetSol Technologies, Inc. (NTWK), Clearside Biomedical, Inc. (CLSD), and Lixte Biotechnology Holdings, Inc. (LIXT), have recently made significant purchases. This could indicate their confidence in the companies' prospects. Glatfelter has entered into a marketing agreement with Ekman & Co., while NetSol reported a YoY decrease in Q4 EPS results and issued FY24 revenue guidance. Clearside Biomedical posted a wider-than-expected Q2 loss, and Lixte recently appointed a new President and CEO.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:07 pm

COTY

FYBR

RMAX

Insider trades were noted in Frontier Communications Parent, Inc. (NASDAQ:FYBR), Coty Inc. (NYSE:COTY), and RE/MAX Holdings, Inc. (NYSE:RMAX). ACOF VI Frontier AIV A9, L.P., a 10% owner of FYBR, acquired 150,000 shares at an average price of $14.80. Se Lucresca, a 10% owner of COTY, acquired 3,000,000 shares at an average price of $10.80. Magnolia Group LLC, a 10% owner of RMAX, bought 215,565 shares at an average price of $12.49.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 11:29 am

AAPL

Apple Inc (NASDAQ:AAPL) executives, including CEO Tim Cook, have sold shares totaling $134.58 million as part of a prearranged trading program. This comes after Apple's Q1 report in February showed earnings per share of $1.88, falling short of the projected $1.94, largely due to underperforming iPhone 14 sales. The recent launch of the iPhone 15 raises questions about the company’s performance expectations for the upcoming quarter.

Portfolio Pulse from AJ Fabino

October 04, 2023 | 5:42 pm

AGBA

AGBA Group Holding Limited has confirmed a self-imposed lockup of all shares held by two significant shareholders, AGBA Holdings Limited and Apex Twinkle Limited, who collectively hold 7.11% of AGBA's share capital. They have committed not to sell their shares for the next three months. AGBA's majority shareholder, TAG Holdings Limited, holds an 82.3% stake in the company and has not sold any shares since AGBA's listing in November 2022.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:19 pm

DBX

DRI

URBN

Insiders at United States Steel Corporation (X), Dropbox, Inc. (DBX), Urban Outfitters, Inc. (URBN), and Darden Restaurants, Inc. (DRI) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overvaluation, they should not be the sole basis for investment decisions. Notably, United States Steel was upgraded by Morgan Stanley, Dropbox reported positive Q2 results, Urban Outfitters exceeded Q2 earnings expectations, and Darden Restaurants beat earnings estimates despite underwhelming fine dining sales.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:45 pm

CNVS

CURO

PFHO

Insiders at Pacific Health Care Organization, Cineverse Corp., and CURO Group Holdings have recently purchased shares in their respective companies. Pacific Health Care's CEO and President bought 55,000 shares at $0.80 each, Cineverse's CFO acquired 10,000 shares at $1.15 each, and CURO Group's CEO and a Director bought a total of 36,000 shares at $1.04 each. This could indicate their confidence in the companies' prospects.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:05 pm