Streetbeat News

Insider Trading

Tennessee Representative Mark Green reported a sale of Energy Transfer (NYSE:ET) stock on July 18, 2023, valued between $100,001 - $250,000. Congressional transactions are required to be disclosed and can be a factor for investors to consider, although they should not be the primary basis for investment decisions. Energy Transfer shares were trading up 0.42% at $13.16 at the time of the report.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 3:05 pm

SRM

SRM Entertainment, Inc (NASDAQ:SRM) is set to start trading on NASDAQ on July 20. The company's IPO shares are expected to be priced between $4.50 and $5.50 per share. An insider lock-up period of 180 days is set to end on January 16, 2024.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 3:00 pm

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The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

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Insiders at Joint Corp (JYNT), Nuvectis Pharma (NVCT), and Byrna Technologies (BYRN) have recently made notable stock purchases. Jefferson Gramm, 10% owner of Joint Corp, acquired 22,463 shares at an average price of $13.03. Ron Bentsur, CEO and Chairman of Nuvectis Pharma, bought 260 shares at an average price of $15.52. Luan Pham, Chief Marketing and Revenue Officer at Byrna Technologies, purchased 5,508 shares at an average price of $3.73.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:01 pm

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Insiders at Moderna, Vertex Pharmaceuticals, Coinbase Global, and Snowflake have recently sold shares. Moderna's President sold 15,000 shares at an average price of $120.60, while Vertex's CEO and President sold 7,828 shares at an average price of $355.00. Coinbase's Director sold 4,580 shares at an average price of $106.65, and Snowflake's SVP of Product Management sold 1,500 shares at an average price of $184.94.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:26 pm

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Insiders at Muscle Maker, Inc. (GRIL), RocketFuel Blockchain, Inc. (RKFL), and VBI Vaccines Inc. (VBIV) have made significant purchases of their companies' stocks. Muscle Maker's 10% owner Aggia FZ LLC acquired shares worth around $27.63 million. RocketFuel's CEO Peter M. Jensen bought 1,000 shares, and VBI Vaccines' Director Steven Gillis acquired shares worth around $1 million. These purchases indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 11:03 am

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AGGIA FZ LLC has purchased 8,855,452 shares of Muscle Maker, Inc. at an average price of $3.12 per share, according to a Form 4 filing on July 14.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 6:52 pm

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Between Jan. 1, 2023, and July 18, 2023, Congress made a total of 6,090 trades across 1,447 individual stocks, accounting for a total volume of $288.02 million. The top five most traded stocks are Microsoft Corp (MSFT), NetApp Inc. (NTAP), Mastercard Inc (MA), S&P Global Inc (SPGI), and PNC Financial Services Group Inc (PNC). The top five politicians trading during the period include Ro Khanna, Michael McCaul, Daniel Sachs Goldman, Josh Gottheimer, and Tommy Tuberville.

Portfolio Pulse from AJ Fabino

July 18, 2023 | 5:23 pm

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Insiders at Lions Gate Entertainment Corp. (LGF-B), Asana, Inc. (ASAN), and Calavo Growers, Inc. (CVGW) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. However, insider purchases should not be the sole indicator for making investment decisions.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 12:59 pm

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Insiders at Dell Technologies, Marvell Technology, Unity Software, and Nordson Corporation have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 11:45 am