Streetbeat News

Insider Trading

AMRN

INDP

RPID

TSHA

Insiders at Taysha Gene Therapies, Amarin Corporation, Rapid Micro Biosystems, and Indaptus Therapeutics have recently made significant purchases of their companies' stocks. Taysha Gene Therapies reported initial clinical data from the first adult Rett Syndrome patient dosed in the REVEAL Phase 1/2 trial and announced $150 million private placement financing. Amarin posted a profit for the second quarter. Rapid Micro Biosystems and Indaptus Therapeutics posted narrower-than-expected quarterly losses.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 11:03 am

MKTW

OPK

VAPO

Insiders at OPKO Health, Vapotherm, and MarketWise have recently purchased shares in their respective companies. OPKO Health's CEO and Chairman acquired 75,000 shares at an average price of $1.75, following better-than-expected quarterly results. Vapotherm's President and CEO bought 300,000 shares at an average price of $0.40 after the company posted a narrower-than-expected Q2 loss. MarketWise's Director and CEO purchased a total of 25,800 shares at an average price of $1.71, despite weaker-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:08 pm

EBAY

HOOD

SPGI

Insiders at Robinhood Markets, S&P Global, Verizon Communications, and eBay have recently sold significant amounts of shares. Robinhood's Chief Creative Officer sold 81,548 shares, S&P Global's President of Market Intelligence sold 10,000 shares, Verizon's EVP & Chief HR Officer sold 12,557 shares, and eBay's SVP, Chief Product Officer sold 5,679 shares. The reasons for these sales are not clear, but they come amid mixed financial results for the companies.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:11 pm

EOLS

MKTX

RYI

Insiders at four companies, MarketAxess Holdings Inc. (MKTX), Evolus, Inc. (EOLS), Impinj, Inc. (PI), and Ryerson Holding Corporation (RYI), have made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, insider purchases should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 11:03 am

VAPO

Vapotherm's CEO has purchased 300,000 shares of the company at $0.40 per share, according to a Form4 filing.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 6:30 pm

ADC

BBY

WMT

Three insiders at Agree Realty Corp. (NYSE:ADC) have recently bought large amounts of company stock, indicating their belief that the stock is undervalued. The purchases were made after a price drop following the company's Q2 2023 earnings announcement. Agree Realty's Q2 revenue was 23.9% higher than the same period in 2022, but missed estimates. The company's year-to-date return is negative 8.79%. Analysts from Stifel and RBC Capital Markets have maintained a positive outlook on Agree Realty, adjusting their price targets slightly.

Portfolio Pulse from Ethan Roberts

August 15, 2023 | 6:20 pm

LYFT

UBER

Lyft's stock is trading higher after the company disclosed insider buying activities. CEO Risher John David and Director Stephenson Dave bought shares at an average price of $11.46 and $11.33 per share respectively. Lyft reported Q2 revenue of $1.021 billion, up 3% YoY, and earnings per share of 16 cents, beating the Street consensus estimate. Unlike Uber, Lyft has not diversified beyond transportation and geography.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 6:04 pm

Impinj, Inc.'s Director Daniel Patrick Gibson has purchased 263,740 shares at an average price of $58.26 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:50 pm

CTV

EFSH

FTEK

VINC

Insiders at Innovid Corp. (CTV), Vincerx Pharma, Inc. (VINC), Fuel Tech, Inc. (FTEK), and 1847 Holdings LLC (EFSH) have recently acquired shares, indicating their confidence in the companies' prospects. Innovid and Vincerx posted better-than-expected sales and narrower losses respectively, while Fuel Tech and 1847 Holdings reported wider-than-expected losses.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 1:28 pm

LYFT

Lyft's Director, Dave Stephenson, has purchased 8,826 shares at an average price of $11.33 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:19 pm