Streetbeat News

Insider Trading

ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

MSFT

NVO

TAK

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

CULP

EMO

NRGX

Insiders have recently purchased shares in Culp Inc. (CULP), PIMCO Energy and Tactical Credit Opportunities Fund (NRGX), and ClearBridge Energy Midstream Opportunity Fund Inc (EMO). This could indicate confidence in the companies' prospects or that the insiders view the stocks as bargains. However, insider purchases should not be the sole indicator for making investment or trading decisions.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 1:20 pm

CMC

HAL

MORN

SIG

Insiders at Signet Jewelers (SIG), Halliburton (HAL), Morningstar (MORN), and Commercial Metals (CMC) have recently sold significant amounts of shares. Signet Jewelers lowered its FY24 guidance below consensus, Halliburton plans to sign a long-term strategic pact with Var Energi ASA for drilling services, Morningstar reported lower Q1 EPS year over year, and UBS initiated coverage on Commercial Metals with a Buy rating and a price target of $63.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:21 pm

BFI

BurgerFi International's CEO, Carl Bachmann, has purchased 63,500 shares of the company's common stock, making him one of the largest individual investors within the management team.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:19 pm

EFSH

ETST

HOOK

OCEL

Insiders at four penny stocks, HOOKIPA Pharma Inc. (HOOK), 1847 Holdings LLC (EFSH), Organicell Regenerative Medicine, Inc. (OCEL), and Earth Science Tech, Inc. (ETST), have recently made notable purchases. HOOKIPA's CEO bought 10,000 shares, 1847 Holdings' 10% owner acquired 443,413 shares, Organicell's 10% owner purchased 320,710 shares, and Earth Science Tech's CEO bought 3,000 shares. These transactions may indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 11:32 am

ASAN

AXR

NVCT

Insider trades were noted in Asana, Inc. (ASAN), AMREP Corporation (AXR), and Nuvectis Pharma, Inc. (NVCT). ASAN's CEO acquired 160,000 shares, indicating confidence in the company following better-than-expected Q1 results. AXR's 10% owner bought 25,361 shares after a sharp increase in Q3 EPS. NVCT's 10% owner purchased 8,948 shares as the company posted a narrower-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 1:13 pm

AMZN

DOCU

GME

Insiders at Amazon, GameStop, Kellogg, and DocuSign have recently sold significant amounts of shares. Amazon's CEO of Web Services sold 1,000 shares, GameStop's COO sold 122,073 shares, Kellogg's 10% owner sold 100,000 shares, and DocuSign's President of Field Operations sold 100,315 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 12:12 pm

DOMH

FLCX

Insiders at Dominari Holdings Inc. (NASDAQ:DOMH) and flooidCX Corp. (OTC:FLCX) have been aggressively buying shares, indicating their confidence in the companies' prospects. Dominari's COO acquired 1,500 shares at an average price of $2.94, while flooidCX's CEO bought 750 shares at an average price of $4.32. Dominari Holdings recently appointed Mr. Kyle Wool as CEO of Dominari Securities LLC, and flooidCX's shares have jumped 36% over the past month.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:37 am

LMFA

A 13D filing has revealed that Richard Russell holds a 7.77% stake in LM Funding America.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:00 pm

BABA

BTGOF

GSK

HNHPF

IEP

JNJ

META

NVO

SIVBQ

UBS

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm