Streetbeat News

Insider Trading

DWAC

The SPAC merger between Donald Trump’s Trump Media & Technology Group and Digital World Acquisition Corporation (NASDAQ:DWAC) is facing insider trading charges against three individuals linked to the financing of a Trump Media & Technology unit. The individuals, who helped fund Truth Social, a unit of Trump Media & Technology, allegedly made over $22 million through the trading of shares of DWAC. The SPAC merger has been delayed multiple times, with the latest vote date to finalize the merger set for September 2023. DWAC shares are up 0.3% to $12.70, but are down 44% in the last year.

Portfolio Pulse from Chris Katje

June 29, 2023 | 4:16 pm

DWAC

Investors in the Trump SPAC, Digital World Acquisition Corp. (DWAC), have been indicted for insider trading, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 2:21 pm

OKE

OXY

RPRX

Insider trades were noted in Occidental Petroleum, Royalty Pharma, and ONEOK. Warren E Buffett, a 10% owner of Occidental Petroleum, acquired 2,138,250 shares at an average price of $57.10, costing around $122.1 million. Pablo G Legorreta, Director, CEO, Chairman of the Board of Royalty Pharma, acquired 130,000 shares at an average price of $29.51, costing around $3.84 million. Brian L Derksen, Director of ONEOK, bought 4,900 shares at an average price of $59.59, costing around $291,988.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:50 pm

CMC

SIG

UBER

Insiders at Uber Technologies, Commercial Metals Company, ON Semiconductor Corporation, and Signet Jewelers Limited have recently sold shares. Uber's CEO sold 100,000 shares at $45.00 each, Commercial Metals' CEO sold 50,000 shares at $50.65 each, ON Semiconductor's Director sold 1,450 shares at $88.63 each, and Signet Jewelers' CEO sold 10,000 shares at $65.00 each. These sales could indicate concern in the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:23 pm

ALVR

AUGG

HLLY

Insiders at AlloVir, Inc. (NASDAQ:ALVR), Augusta Gold Corp. (OTC:AUGG), and Holley Inc. (NYSE:HLLY) have recently made significant purchases of their companies' stocks. Gilead Sciences Inc, a 10% owner of AlloVir, acquired nearly 3 million shares at an average price of $3.75, costing around $10.99 million. Augusta Gold's Executive Chairman Richard Warke bought 50,000 shares at an average price of $0.64, spending around $32,000. Edward Virtue, a 10% owner of Holley, acquired over 4,000 shares at an average price of $3.50, costing around $14,343.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:15 am

EXTR

A top manager at Extreme Networks has been privately selling high-tech in Russia, despite the company's announcement last year that it suspended all business activities in the country to show solidarity with Ukraine.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:17 pm

HHC

MSGE

RMBL

Insider trades were noted in Madison Square Garden Entertainment Corp. (MSGE), RumbleON, Inc. (RMBL), and The Howard Hughes Corporation (HHC). MSGE Director Thomas C. Dolan acquired 322,580 shares at an average price of $31.00, costing around $10 million. RMBL's 10% owner SH Capital Partners LP acquired 200,000 shares at an average price of $10.90, costing around $2.18 million. HHC Director William Ackman bought 18,446 shares at an average price of $74.92, costing around $1.38 billion.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 12:51 pm

ACN

CRM

DLTR

Insiders at Electronic Arts Inc. (EA), Dollar Tree, Inc. (DLTR), Accenture plc (ACN), and Salesforce, Inc. (CRM) have recently sold shares. EA is undergoing significant internal changes, Dollar Tree announced growth strategies and reaffirmed guidance, Accenture reported Q3 results and lowered FY23 revenue growth guidance, and Salesforce received an Outperform rating from Oppenheimer with a price target of $235.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 12:18 pm

CLNN

NTWK

REKR

Insiders at Rekor Systems, NetSol Technologies, and Clene Inc. have been aggressively buying shares, indicating their confidence in the companies' prospects. Rekor Systems reported worse-than-expected Q1 results, while NetSol Technologies posted a Q3 profit. Clene announced the publication of Phase 2 clinical data for the treatment of ALS.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 11:15 am

REKR

Arctis Global LLC has purchased 1,923,000 shares of Rekor Systems (REKR) at an average price of $1.31 per share, according to a recent Form4 filing.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:48 pm