Streetbeat News

Insider Trading

MTZ

Bill Baruch announced on CNBC that he has bought shares of MasTec.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:28 pm

TOST

Josh Brown announced on CNBC that he has sold his position in Toast (TOST).

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:23 pm

KDP

Josh Brown announced on CNBC that he has bought shares of Keurig Dr Pepper (KDP).

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:18 pm

AMC

GME

SPY

Keith 'Roaring Kitty' Gill's recent social media activity has led to significant volatility in GameStop (GME) stock, with shares spiking over 64% in early trading. Gill's purported $116 million position in GME and 120,000 call options have fueled speculation about his potential to become a billionaire. AMC Entertainment Holdings (AMC) shares also spiked, possibly in anticipation of similar trading activity. The article also mentions the SPDR S&P 500 Trust (SPY) in the context of market performance comparisons.

Portfolio Pulse from David Pinsen

June 04, 2024 | 1:53 pm

CRGX

WTFC

XRAY

The article highlights notable insider trades in three companies: DENTSPLY SIRONA, CARGO Therapeutics, and Wintrust Financial. Insider purchases often indicate confidence in the company's prospects. DENTSPLY SIRONA's director bought shares worth around $99,976, CARGO Therapeutics' 10% owner acquired shares worth $5 million, and Wintrust Financial's director bought shares worth $29,489.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:11 pm

BBY

MA

MCK

SHOO

The Nasdaq 100 closed slightly higher on Monday. Notable insider sales were observed in Steven Madden, Best Buy, McKesson, and Mastercard. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 12:21 pm

SOLUSD

Iggy Azalea's MOTHER meme coin, launched on the Solana blockchain, faced insider trading accusations but has since rebounded dramatically. Azalea addressed the controversy by hiring a development team, implementing a token burn system, and engaging with the crypto community. The price of MOTHER surged by 1,875%, reaching a market cap of $91.34 million.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 11:52 am

BIOE

CATX

EXFY

Insiders are buying shares of Expensify, Bio Essence, and Perspective Therapeutics, indicating confidence in these companies despite recent challenges. Expensify posted downbeat quarterly results, Bio Essence's stock surged 127% in the past month, and Perspective Therapeutics announced an $80 million underwritten offering.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 11:24 am

GME

Short-seller Andrew Left has raised doubts about Keith Gill's (Roaring Kitty) recent $150 million investment in GameStop (NYSE:GME), suggesting it may not be his own money and lacks a solid investment thesis. Left believes this move is an attempt to take advantage of retail traders and warns that the current market conditions are different from the meme stock rally of 2021.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 9:08 am

GME

Ross Gerber, CEO of Gerber Kawasaki, expressed concerns about GameStop (NYSE:GME) on X, following a significant surge in the stock driven by Keith Gill's (Roaring Kitty) large position reveal. Citron Research and Jim Cramer also commented on the situation, with Cramer advising investors to take profits.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 3:27 am