Streetbeat News

Insider Trading

PFE

Amit Dagar, a former statistician for Pfizer Inc, and his business ally Atul Bhiwapurkar, are facing allegations of insider trading related to Pfizer's Paxlovid trial announcement on Nov. 5, 2021. The Securities and Exchange Commission (SEC) accuses the duo of antifraud violations and is pursuing injunctive relief, disgorgement with prejudgment interest, and civil penalties. The U.S. Attorney's Office for the Southern District of New York has also charged Dagar and Bhiwapurkar with corresponding criminal charges.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 8:31 pm

BKYI

REFR

SOL

Insiders at Emeren Group Ltd (SOL), Research Frontiers Incorporated (REFR), and BIO-key International, Inc. (BKYI) have recently purchased shares, indicating confidence in their respective companies. Emeren Group and BIO-key International posted better-than-expected Q2 earnings, while Research Frontiers reported a narrower loss for the same period.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:28 am

CCOI

MLAB

TRMB

Insiders at Cogent Communications, Weyerhaeuser, Trimble, and Mesa Laboratories have recently sold shares. This could indicate concern in the company’s prospects or that they view the stock as being overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:38 am

AAOI

EML

PSEC

Insider trading has been observed in three US-listed companies: Prospect Capital Corporation (PSEC), Applied Optoelectronics, Inc. (AAOI), and The Eastern Company (EML). PSEC's CEO acquired 166,160 shares for around $1 million following better-than-expected Q4 results. AAOI's President and CEO bought 15,000 shares for around $146,901 after reporting better-than-expected Q2 adjusted EPS results. EML's CEO purchased 1,228 shares for around $22,744 amidst a decline in quarterly EPS.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 7:03 am

Unity Software Inc (NYSE:U) has introduced a controversial fee structure, the Runtime Fee, which charges developers based on the number of installations for games created with the Unity engine once they exceed a specific threshold. This announcement has led to a significant drop in Unity's stock price. It has also been revealed that several high-ranking Unity executives sold substantial amounts of the company's stock in the weeks preceding the fee announcement.

Portfolio Pulse from Franca Quarneti

September 14, 2023 | 7:58 pm

MODV

ModivCare shares are trading higher following a $6 million insider purchase.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 7:01 pm

ASRV

CCLP

PIII

Insiders at AmeriServ Financial, Inc. (ASRV), CSI Compressco LP (CCLP), and P3 Health Partners Inc. (PIII) have recently purchased shares in their respective companies. ASRV's President & CEO acquired 3,000 shares at an average price of $2.97, CCLP's Director bought 10,000 shares at an average price of $1.17, and a 10% owner of PIII purchased 270,000 shares at an average price of $2.54.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 1:41 pm

HPQ

Warren Buffett has sold 5,502,172 shares of HP at an average price of $28.81 per share, according to a Form 4 filing. This has led to a decrease in HP's share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:57 pm

NVDA

Nvidia Corp. CEO Jensen Huang has sold more shares of the company, with the cumulative sales over two days amounting to $26.90 million. This follows a sale of shares worth $42.83 billion a week earlier. Nvidia's stock has rallied over 211% year-to-date, largely due to its artificial intelligence opportunity. The company's H100 AI chips power most of the AI applications and software worldwide, and demand for the chips continues to rise.

Portfolio Pulse from Shanthi Rexaline

September 14, 2023 | 12:03 pm

GIII

HPQ

INTU

QCOM

Insiders at four major companies, namely QUALCOMM Incorporated (NASDAQ:QCOM), HP Inc. (NYSE:HPQ), G-III Apparel Group, Ltd. (NASDAQ:GIII), and Intuit Inc. (NASDAQ:INTU), have recently sold significant amounts of 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

September 14, 2023 | 11:52 am