Streetbeat News

Insider Trading

DOGEUSD

TSLA

Elon Musk is facing a legal dispute with a group of Dogecoin investors who accuse him of defrauding investors while promoting Dogecoin. The attorney representing the plaintiffs alleges that Musk and his lawyer are using unlawful tactics to intimidate and discredit him and his clients. Musk faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating Dogecoin. The lawsuit also highlights Musk's April sale of approximately $124 million worth of Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 2:51 pm

BBXIA

BOF

NVCT

Insiders at BranchOut Food Inc. (BOF), Nuvectis Pharma, Inc. (NVCT), and BBX Capital, Inc. (BBXIA) 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, insider purchases should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 1:19 pm

DBX

HOOD

PINS

SNX

Insiders at Pinterest (PINS), Dropbox (DBX), Robinhood Markets (HOOD), and TD SYNNEX (SNX) have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. Recent developments for these companies include a stock upgrade for Pinterest by Wells Fargo, the announcement of new AI-powered products by Dropbox, multiple firms raising their price targets for Robinhood, and TD SYNNEX reporting worse-than-expected Q2 financial results.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 12:22 pm

AUGG

DFCO

EVLO

Insiders at Evelo Biosciences, Dalrada Financial Corporation, and Augusta Gold Corp. have recently made significant purchases of their companies' stocks. Noubar Afeyan, a 10% owner of Evelo Biosciences, acquired 5,411,255 shares at an average price of $2.31, costing around $12.5 million. Brian Bonar, CEO of Dalrada Financial, bought 79,550 shares at an average price of $0.14, spending around $11,510. Richard Warke, Executive Chairman of Augusta Gold, purchased 10,000 shares at an average price of $0.78, costing around $7,750.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 11:30 am

BOF

BranchOut Food Inc.'s Form4 filing reveals that Dalfonsi John purchased 30,000 shares at an average price of $5.81 per share.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:09 pm

FROG

JFrog's Form4 filing reveals that Simon Frederic sold 45,000 shares at an average price of $27.92.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:52 pm

DBI

Designer Brands Inc.'s Vice Chair, Deborah L Ferree, has sold 53,257 shares at an average price of $10.24 per share, according to a Form4 SEC filing.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:26 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

BFYW

BRGC

ZFOX

Insiders at ZeroFox Holdings, BrightRock Gold Corp, and Better For You Wellness have recently purchased shares in their respective companies. ZeroFox's director acquired 51,000 shares, BrightRock's CEO bought 114,052 shares, and Better For You Wellness's CEO purchased 7,500 shares. These transactions indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 1:21 pm

HPQ

NTAP

Insiders at Micron Technology, HP, Ralph Lauren, and NetApp have recently sold shares. While insider sales can indicate concern about a company's prospects or overpricing, they should not be the sole basis for investment decisions. Micron Technology's Chief Accounting Officer sold 13,687 shares, HP's Director sold 6,659 shares, Ralph Lauren's CEO sold 9,272 shares, and NetApp's CEO sold 4,500 shares.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 12:38 pm