Streetbeat News

Insider Trading

AEI

CLOV

GLYC

VXRT

Insiders are aggressively buying shares of four penny stocks: Vaxart, Clover Health Investments, Alset, and GlycoMimetics. These transactions indicate confidence in the companies' prospects. Notable insider purchases include Vaxart's director buying 20,000 shares, Clover Health's director acquiring 877,567 shares, Alset's CEO buying 50,000 shares, and GlycoMimetics' CFO purchasing 17,500 shares.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 12:22 pm

CLOV

Clover Health shares are trading higher following the purchase of 877,567 shares by a company director.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:40 am

CLOV

Clover Health Investments Corp (NASDAQ:CLOV) shares surged in after-hours trading following insider buying by co-founder Vivek Garipalli, who purchased 877,567 shares at an average price of $1.14 per share. The stock was up 9.71% at $1.13 in after-hours trading.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 8:37 pm

CLOV

Clover Health shares are trading higher following the purchase of 877,567 shares by a company director.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:06 pm

CLOV

Clover Health Director Vivek Garipalli has purchased 877,567 shares of the company at an average price of $1.14, totaling $1,000,426.38.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:05 pm

BMY

EVO

LLY

NVO

German drug developer Evotec SE (NASDAQ:EVO) is consulting defense advisers due to takeover concerns following a significant drop in share price. Multiple buyout firms are evaluating Evotec as a potential acquisition target. Despite a recent surge in shares, the stock has declined over 60% year-to-date. The company is also undergoing a leadership transition, with Christian Wojczewski set to become CEO next month. Major shareholders Novo Holdings A/S and Mubadala Investment Co. will play a crucial role in any strategic decisions. Evotec has partnerships with Bristol-Myers Squibb Co. (NYSE:BMY) and Eli Lilly & Co. (NYSE:LLY).

Portfolio Pulse from Vandana Singh

June 20, 2024 | 5:46 pm

AXR

CSPI

FDP

PBF

Insiders have made notable purchases in PBF Energy, Fresh Del Monte Produce, AMREP, and CSP Inc., indicating confidence in these companies' prospects. PBF Energy's significant insider buy comes ahead of its Q2 earnings release, while Fresh Del Monte Produce, AMREP, and CSP Inc. have also seen insider buying despite mixed recent earnings reports.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 2:32 pm

CHWY

Shares of Chewy (CHWY) are under close watch as traders circulate rumors that Ryan Cohen could be buying a $3 billion position in the company.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:51 pm

FSUMF

Fortescue Metals Group (OTCQX:FSUMF) is facing significant challenges, including falling iron ore prices, executive turnover, infrastructure issues, and declining investor confidence. The company's stock has declined over 25% year-to-date, and major shareholder Capital Group has sold a substantial portion of its shares.

Portfolio Pulse from Stjepan Kalinic

June 20, 2024 | 12:43 pm

BOX

COIN

PAYC

SBUX

Insiders at Starbucks, Box, Paycom Software, and Coinbase Global have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable trades include Starbucks' CEO selling 32,500 shares, Box's VP selling 3,300 shares, Paycom's CEO selling 3,900 shares, and Coinbase's President selling 1,500 shares.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 12:22 pm