Streetbeat News

Insider Trading

AXTA

EXFY

VAC

Insiders at Axalta Coating Systems Ltd. (AXTA), Expensify, Inc. (EXFY), and Marriott Vacations Worldwide Corporation (VAC) have recently 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, all three companies reported worse-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 11:14 am

DOGEUSD

Elon Musk's attorneys have filed a motion to dismiss a lawsuit brought by a group of Dogecoin investors, arguing that the litigation has dragged on for too long. The lawsuit, which initially sought $258 billion in damages, accuses Musk of market manipulation, insider trading, and deliberate actions related to Dogecoin. Musk's support for Dogecoin has been well-documented, particularly since his acquisition of Twitter.

Portfolio Pulse from Mehab Qureshi

August 09, 2023 | 4:45 am

GRRR

Gorilla Technology Group has announced that it has found evidence of illegal short selling, leading to an increase in its share price.

Portfolio Pulse from Bill Haddad

August 08, 2023 | 3:55 pm

SPY

TSLA

Tesla Inc's CFO, Zachary Kirkhorn, is stepping down after 13 years with the company, including four years as CFO. His departure has drawn mixed reactions, with some speculating about potential disagreements with CEO Elon Musk. During Kirkhorn's tenure as CFO, Tesla's stock has seen significant growth, with a $1,000 investment in 2019 now worth $12,771.15. In comparison, the same investment in the SPDR S&P 500 ETF Trust would be worth $1,713.73 today.

Portfolio Pulse from Chris Katje

August 08, 2023 | 3:49 pm

GAIA

LXRX

SUP

Insiders at Lexicon Pharmaceuticals, Gaia, and Superior Industries International have recently acquired shares in their respective companies. Lexicon Pharmaceuticals and Gaia reported wider-than-expected Q2 losses, while Superior Industries posted downbeat quarterly sales.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:50 pm

KMI

MCK

PINS

UNM

Insiders at Kinder Morgan (KMI), Unum Group (UNM), Pinterest (PINS), and McKesson (MCK) have recently sold significant amounts of shares. Kinder Morgan's VP sold shares following weaker-than-expected Q2 sales. Unum Group's EVP sold shares after the company reported better-than-expected Q2 results. Pinterest's former CFO sold shares after the company reported a 6% YoY increase in Q2 revenue. McKesson's CEO sold shares following upbeat quarterly results.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:20 pm

GRRR

Gorilla Technology Group has hired Global Economics Group for an investigation that has reportedly uncovered evidence of illegal trading activity.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:18 pm

BHVN

CERE

CODI

ZBRA

Insiders at Compass Diversified (CODI), Zebra Technologies (ZBRA), Cerevel Therapeutics (CERE), and Biohaven Ltd. (BHVN) have recently made significant stock purchases. This could indicate their confidence in the companies' prospects. However, Compass Diversified and Biohaven posted losses for the second quarter, while Zebra Technologies reported a decline in net sales. Cerevel Therapeutics posted a narrower-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 11:21 am

CRSP

Traders are circulating news that Ray Blanco of Agora Financials has purchased stock in CRISPR Therapeutics AG.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 4:11 pm

GPRE

Ancora Holdings Group, a major shareholder of Green Plains Inc. (NASDAQ:GPRE), has released an open letter to the company's board of directors, expressing concerns about CEO Todd Becker's leadership. Ancora criticizes Becker's stock sales, operational and safety acumen, leadership style, and claims of being insulated from shareholder accountability. The letter also highlights Green Plains' poor Q2 results and the impact of the Wood River plant explosion. Ancora suggests the board should consider a succession plan for Becker, form a special committee to review strategic alternatives, and authorize an investigation into management's stock sales.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:19 pm