Streetbeat News

Insider Trading

CTRN

OPOF

OUST

PBF

The article highlights notable insider trades in four companies: Citi Trends, PBF Energy, Old Point Financial, and Ouster. Insider purchases often indicate confidence in the company's prospects. The trades include significant investments by major shareholders in each company.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 1:07 pm

CME

GME

MARA

UBER

The Nasdaq 100 closed higher by around 0.4% on Friday. Notable insider sales were observed in Marathon Digital, Uber Technologies, GameStop, and CME Group. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Marathon Digital's director sold shares following a price target downgrade by JP Morgan. Uber's executive sold shares amid a new partnership announcement. GameStop's general counsel sold shares following a technical issue with their annual meeting. CME Group's director sold shares after reporting record May ADV.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 12:20 pm

HBIO

HLLY

SYPR

Insiders are buying shares of Harvard Bioscience, Sypris Solutions, and Holley, indicating confidence in these companies. Notable transactions include purchases by executives and directors, with Harvard Bioscience facing weaker-than-expected sales, Sypris Solutions appointing a new VP, and Holley receiving an Outperform rating from Telsey Advisory Group.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 11:51 am

LGF/A

LGF/B

Steven Mnuchin's Liberty 77 Capital has reported the purchase of 698,858 shares of Lions Gate Entertainment at an average price of $8.10 per share, according to a Form 4 filing on Friday.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2024 | 6:51 pm

TDW

Tidewater shares are trading lower after President and CEO Quintin Kneen sold roughly $38.51 million worth of shares.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:31 pm

PEGA

TTSH

VFC

Insiders have recently purchased shares in V.F. Corporation, Tile Shop Holdings, and Pegasystems, indicating confidence in these companies' prospects. Notable trades include V.F. Corporation's Director acquiring 25,000 shares, Tile Shop Holdings' 10% owner acquiring 74,303 shares, and Pegasystems' Director buying 8,600 shares.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 1:18 pm

DELL

PANW

SNAP

Insiders from Dell Technologies, Snap, Palo Alto Networks, and ON Semiconductor have recently sold shares. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. However, these sales should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:51 pm

ACRS

CATX

ZOM

Insiders are aggressively buying shares of Aclaris Therapeutics, Zomedica, and Perspective Therapeutics. This insider activity could indicate confidence in these companies' prospects. Aclaris posted upbeat quarterly results, Zomedica launched a new software update, and Perspective Therapeutics announced a reverse stock split.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 11:15 am

GME

GameStop shares surged after Keith Gill, known as Roaring Kitty, updated his position on Reddit, showing he now holds over 9 million shares. The stock had previously fallen due to speculation that Gill was selling call options. GameStop's annual shareholder meeting was rescheduled due to high traffic causing a server crash.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 8:46 pm

GME

Roaring Kitty has posted an update on his GameStop position on Reddit, showing a total position value of $210.744 million, up from $174.536 million in the previous update. The quantity of shares has increased to 9,001,000 from 5,000,000.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:20 pm