Streetbeat News

Insider Trading

On June 11, 2024, a Form 4 filing revealed that Zillow Group Director Jay C Hoag purchased 2,338,036 shares at an average price of $42.76 per share.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:46 pm

DELL

NVDA

PTF

SKYY

Michael Dell, CEO of Dell Technologies, plans to sell 10 million shares worth $1.3 billion amid the AI boom. This follows a previous sale of $1.6 billion in shares, making 2024 potentially his biggest year of stock liquidation. Despite disappointing earnings in May, Dell stock has surged over 175% in the last 12 months. Investors can gain exposure to Dell through ETFs like PTF and SKYY.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 2:22 pm

DLX

FAST

Insiders have made notable purchases in Zillow Group, Fastenal, and Deluxe Corporation, indicating confidence in these companies. Zillow's Director acquired $99.97 million worth of shares following upbeat quarterly results. Fastenal's Director bought shares despite poor Q1 results. Deluxe's CEO purchased shares after better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 12:45 pm

PAYC

SKYW

TOL

The article discusses notable insider sales for General Motors, SkyWest, Toll Brothers, and Paycom Software. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. The article also mentions recent analyst ratings and company updates.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 12:18 pm

FDIS

TSLA

XLY

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is facing a lawsuit accusing him of insider trading, filed by the Employees' Retirement System of Rhode Island. The lawsuit alleges Musk and his brother sold $30 billion worth of Tesla shares before negative news impacted stock prices. The timing coincides with a shareholder vote on Musk's $56 billion compensation package. Tesla stock has lost over 31% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:56 am

FPAY

PHIO

PRTS

Insiders are buying shares of CarParts.com, Phio Pharmaceuticals, and FlexShopper, indicating their confidence in these companies. Notable transactions include CarParts.com Director Jim Barnes buying 94,000 shares, Phio Pharmaceuticals CEO Robert J Bitterman acquiring 1,000 shares, and FlexShopper Director Howard Dvorkin purchasing 90,921 shares.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 11:07 am

GLW

Josh Brown announced on CNBC that he has bought more shares of Corning (GLW).

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:46 pm

MCFT

SNOW

VFC

The article highlights notable insider trades in Snowflake Inc. (SNOW), MasterCraft Boat Holdings, Inc. (MCFT), and V.F. Corporation (VFC). Insider purchases often indicate confidence in the company's prospects. Snowflake's director bought $9.99M worth of shares, MasterCraft's 10% owner bought $2.54M worth of shares, and V.F. Corporation's CEO bought $997,407 worth of shares.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:45 pm

AMAT

DELL

HPE

JPM

Insiders from Dell Technologies, JPMorgan Chase, Applied Materials, and Hewlett Packard Enterprise have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include Dell's CEO selling $198.2 million worth of shares, JPMorgan's Chief Risk Officer selling $1.01 million, Applied Materials' SVP selling $554,050, and Hewlett Packard Enterprise's Director selling $975,500.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:38 pm

AEI

PHIO

PODC

SYPR

The article highlights recent insider transactions for penny stocks, including PodcastOne, Phio Pharmaceuticals, Sypris Solutions, and Alset. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 11:27 am