Streetbeat News

Insider Trading

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight, despite raising its price target from $8 to $9. Palantir CEO, Alexander Karp, also sold $10.99 million worth of Palantir stock options recently. The stock is down more than 8% at $14.92.

Portfolio Pulse from Erica Kollmann

August 31, 2023 | 3:43 pm

ADMA

ADMA Biologics shares are trading higher after a company director purchased 130K shares.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 2:28 pm

GPS

HLF

NVDA

WSM

Insiders at Williams-Sonoma, Inc. (WSM), The Gap, Inc. (GPS), Herbalife Ltd. (HLF), and NVIDIA Corporation (NVDA) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be preplanned and should not be the sole basis for investment decisions. All four companies recently reported better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:15 pm

DOMO

INBX

WEST

Insider trades were noted in Inhibrx, Inc. (NASDAQ:INBX), Domo, Inc. (NASDAQ:DOMO), and Westrock Coffee Company (NASDAQ:WEST). Inhibrx saw an acquisition of 511,627 shares at an average price of $19.35, following a $200 million private placement financing announcement. Domo's Director acquired 137,000 shares at an average price of $10.94, after the company achieved the Google Cloud Ready - BigQuery designation. Westrock Coffee's Group President bought 12,500 shares at an average price of $10.04, following downbeat quarterly results.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 11:58 am

SIRI

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares rose after the company's CEO, Jennifer C. Witz, purchased 250,000 shares of stock at a price of roughly $4.11 per share for a total cost of $1.03 million. The stock is down 21.92% year-to-date but was up 6.61% at $4.56 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 30, 2023 | 7:52 pm

LYFT

Lyft, Inc. (NASDAQ:LYFT) shares are trading higher after company director Prashant Aggarwal purchased $1 million worth of stock. The stock also experienced above-average trading volume of 18.27 million shares on Wednesday compared to its average volume of 15.54 million. The stock has elevated short interest with 16.53% of shares currently sold short. Shares of LYFT were up 7.75% at $11.61 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 30, 2023 | 7:08 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) shares are trading higher with above-average trading volume. The company's CEO, Alexander Karp, sold $10.99 million worth of Palantir stock options on Aug. 22 and Aug. 23. Short interest in PLTR shares continues to grow with 7.23% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

August 30, 2023 | 4:35 pm

SIRI

Sirius XM Holdings' CEO has purchased $1.03 million of the company's stock, leading to a rise in the share price.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 4:04 pm

LYFT

Lyft shares are trading higher after a company director purchased $1 million worth of stock.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 4:02 pm

PODD

Insulet's president and CEO, James Hollingshead, has purchased 5,550 shares of the company, amounting to a total transaction of $1,006,825. This has led to a rise in Insulet's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 3:17 pm