Streetbeat News

Insider Trading

NKE

SBUX

SIG

TTD

The Nasdaq 100 closed higher by around 2.5% during Thursday's session. Notable insider sales were observed in Starbucks, Signet Jewelers, Nike, and The Trade Desk. Insider sales can indicate concerns about company prospects or stock overvaluation. Starbucks' interim CEO and CFO sold shares, and the company announced a new CEO. Signet Jewelers' insider sale comes ahead of its Q2 results. Nike's Executive Chairman sold shares, and Pershing Square added a new position in the company. The Trade Desk's director sold shares following strong Q2 results and positive Q3 guidance.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 12:16 pm

FPAY

OSS

SST

The article highlights recent insider transactions for three penny stocks: One Stop Systems, System1, and FlexShopper. Insider buying can indicate confidence in the company's prospects. Notable transactions include purchases by directors and major shareholders.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 11:40 am

LUV

Artisan Partners Global Value Team, holding 1.8% of Southwest Airlines' shares, supports Elliott's nominees for the board to bring new leadership. They urge the board to cooperate or face a vote for the nominees in an extraordinary shareholder meeting.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:52 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading higher today after Soros Fund Management disclosed a purchase of 24,898 shares. Despite recent earnings and revenue misses, the market reacted positively to the high-profile investment.

Portfolio Pulse from Vaishali Prayag

August 15, 2024 | 6:57 pm

CRH

Jim Labenthal announced on CNBC that he has bought shares of CRH PLC.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:28 pm

CMG

HLT

SBUX

Bill Ackman strategically reduced his stake in Chipotle Mexican Grill Inc. (NYSE:CMG) just before a significant stock selloff and CEO departure. Despite strong revenue and earnings, Chipotle's stock has declined 17% since July 1, 2024. Ackman's timely adjustment highlights his insight into the company's dynamics.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 3:36 pm

APPN

BSET

PEB

WRBY

Several notable insider trades were reported, including significant purchases in Appian Corporation, Pebblebrook Hotel Trust, Warby Parker, and Bassett Furniture Industries. Insider buying often signals confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:14 pm

CAG

PFE

TMUS

UPST

The Nasdaq 100 closed higher by around 0.1% during Wednesday's session. Notable insider trades were observed in Conagra Brands, T-Mobile US, Upstart Holdings, and Pfizer. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects. Conagra Brands' EVP and COO sold 40,000 shares, T-Mobile US' President and CEO sold 40,000 shares, Upstart Holdings' CFO sold 1,500 shares, and Pfizer's SVP and Controller sold 5,154 shares.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:24 pm

ANTX

CIA

RPHM

The article discusses recent insider transactions in three penny stocks: Reneo Pharmaceuticals, AN2 Therapeutics, and Citizens. Insiders buying shares can indicate confidence in the company's prospects. Reneo Pharmaceuticals and AN2 Therapeutics both posted quarterly losses, while Citizens reported better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 11:23 am

VERO

EW Healthcare Partners has filed the 12th amendment to Schedule 13D, reporting a 45.8% aggregate ownership in Venus Concept. The update includes 5.21 million shares beneficially owned by Essex Woodlands Fund IX and its affiliates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 9:08 pm