Streetbeat News

Insider Trading

ADC

INTC

KDP

MMS

Insiders at Agree Realty Corporation (ADC), Maximus, Inc. (MMS), Intel Corporation (INTC), and Keurig Dr Pepper Inc. (KDP) have recently made significant stock purchases. ADC's Director bought shares worth $1.16M despite the company's downbeat quarterly sales. MMS's CEO bought shares worth $248,368 following better-than-expected quarterly earnings. INTC's CEO bought shares worth $133,343 after the company reported better-than-expected Q2 results and issued strong guidance. KDP's Chief R&D Officer bought shares worth $1.85M after the company reported Q2 sales growth of 6.6% YoY, beating consensus.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 11:50 am

ABNB

AMZN

BAC

TSLA

Insiders at Tesla, Airbnb, Amazon, and Bank of America have recently sold shares. Tesla's SVP, Automotive Xiaotong Zhu sold 2,500 shares, Airbnb's CFO Dave Stephenson sold 4,919 shares, Amazon's CEO Worldwide Amazon Stores Douglas J Herrington sold 4,000 shares, and Bank of America's President, Global Markets James P Demare sold 75,000 shares. The reasons for these sales are not specified.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:14 pm

CROX

DGICA

XOM

Insider trades were noted in three US companies: Crocs, Inc. (CROX), Exxon Mobil Corporation (XOM), and Donegal Group Inc. (DGICA). Directors at Crocs and Exxon Mobil, and a 10% owner at Donegal Group, purchased shares in their respective companies. Crocs reported Q2 FY23 sales growth of 11.2% YoY, beating analyst consensus. Exxon Mobil reported Q2 revenues of $82.91 billion, beating consensus. Donegal posted better-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:10 pm

AAPL

DBVT

SPY

TSLA

The US markets experienced lower volatility ahead of the jobs report, with the S&P 500 settling lower. DBV Technologies and other penny stocks are being bought by insiders. In crypto, Shiba Inu outperformed Dogecoin and Pepe Coin, while Bitcoin, Ethereum, and Dogecoin fell amid rising jobless claims. Apple has been working on ChatGPT-like AI tech for years and is preparing for the iPhone 15 Pro launch. Tesla is gearing up for the launch of the 'Highland' Model 3. Hedge funds lost over $6B betting against US cruise lines and hotels.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 3:08 pm

CURO

DBVT

ECOR

TCS

Insiders at four penny stocks, namely electroCore, Inc. (ECOR), DBV Technologies S.A. (DBVT), The Container Store Group, Inc. (TCS), and CURO Group Holdings Corp. (CURO), have recently made notable purchases of their companies' shares. This could indicate their confidence in the companies' prospects. ECOR announced an $8.145 million registered direct offering and concurrent private placements. DBVT posted a narrower loss for Q2. TCS reported worse-than-expected Q1 financial results. CURO posted a wider-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 2:51 pm

CYTH

RCG

Insiders at Cyclo Therapeutics, Inc. (NASDAQ:CYTH) and RENN Fund, Inc. (NYSE:RCG) have recently made notable purchases of their companies' shares. CYTH's 10% owner, Rafael Holdings Inc, acquired 4,000,000 shares at an average price of $1.25, costing around $5 million. RCG's President and CEO, Murray Stahl, acquired 419 shares at an average price of $1.85, spending around $775. These transactions may indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:17 pm

HPQ

MSFT

SNAP

Insiders at Microsoft, Snap, Micron Technology, and HP have recently sold shares. Microsoft's Vice Chair and President sold 50,000 shares, Snap's General Counsel sold 13,000 shares, Micron Technology's EVP sold 20,000 shares, and HP's CFO sold 4,165 shares. The reasons for these sales are not clear, but they could be preplanned or due to concerns about the companies' prospects.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:10 pm

CNA

HOG

TDW

XOM

Insiders at CNA Financial Corporation, Tidewater Inc., Exxon Mobil Corporation, and Harley-Davidson, Inc. have recently made significant stock purchases. CNA Financial's 10% owner Loews Corp acquired 4,456,050 shares for around $175.08 million, following the company's downbeat quarterly earnings. Tidewater's Director Robert Robotti bought 117,698 shares for around $7.33 million, ahead of the company's expected Q2 earnings release. Exxon Mobil's Director Jeffrey W Ubben purchased 458,000 shares for around $48.97 million, after the company reported Q2 revenues of $82.91 billion, beating consensus. Harley-Davidson's Director Rafeh Masood bought 1,302 shares for around $49,997, following the company's Q2 sales decline of 4% Y/Y to $1.20 billion.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 12:59 pm

HDGE

PSQ

QQQ

US Senator Thomas Carper has purchased shares of the ProShares Short QQQ ETF (PSQ) and sold positions in the Ranger Equity Bear ETF (HDGE) and U.S. Treasury Bills, according to a new filing disclosure. This move indicates Carper is betting against the performance of U.S. stock markets. The Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100 Index, is up 41.8% year-to-date in 2023, driven by the exceptional performance of technology stocks.

Portfolio Pulse from Chris Katje

August 04, 2023 | 12:33 pm

MNRO

Monro's CEO and President, Michael T Broderick, has purchased 10,000 shares of the company at an average price of $35.03 per share, according to a Form 4 filing.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:03 pm