Streetbeat News

Insider Trading

UBER

Brian Belski announced on CNBC that he has bought shares of Uber Technologies.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:10 pm

APPN

PRGO

TALO

The article highlights notable insider trades in three companies: Talos Energy, Appian, and Perrigo. Insider purchases often indicate confidence in the company's prospects. Talos Energy saw a significant purchase despite a wider-than-expected quarterly loss. Appian's director made a purchase following worse-than-expected earnings. Perrigo's EVP bought shares after the company posted upbeat quarterly earnings.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:33 pm

CART

CAT

META

PAYC

The Nasdaq 100 closed slightly lower on Friday, with notable insider trades in Meta Platforms, Maplebear (Instacart), Paycom Software, and Caterpillar. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Key insider sales include Sheryl Sandberg selling 105,000 shares of Meta Platforms, Fidji Simo selling 6,000 shares of Maplebear, Chad R. Richison selling 7,800 shares of Paycom Software, and Cheryl H Johnson selling 1,508 shares of Caterpillar.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:29 pm

GME

RDDT

Reddit shares are trading higher after Keith Gill, known for his role in the GameStop short squeeze, posted on the platform for the first time in three years, indicating his position on GameStop.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:07 pm

GROV

MNPR

The article highlights recent insider transactions for three penny stocks: Grove Collaborative Holdings, Fresh Tracks Therapeutics, and Monopar Therapeutics. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 11:41 am

AMC

GME

GameStop and AMC shares are surging in premarket trading due to Keith Gill, aka 'Roaring Kitty,' disclosing a significant position in GameStop on Reddit. GameStop shares nearly doubled, while AMC shares soared by 30%.

Portfolio Pulse from Shanthi Rexaline

June 03, 2024 | 8:49 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholder Michael Perry has filed a lawsuit against Elon Musk, alleging insider trading when Musk sold over $7.5 billion worth of Tesla shares in late 2022. The lawsuit claims Musk was aware of lower-than-expected production and delivery numbers before their public disclosure, resulting in significant profits. The lawsuit also accuses Tesla's directors of breaching their fiduciary duty by allowing these sales. This legal challenge adds to Tesla's ongoing issues, including a rescinded pay package for Musk and a potential move of incorporation from Delaware to Texas.

Portfolio Pulse from Anan Ashraf

June 01, 2024 | 3:52 am

CZR

Carl Icahn has built a sizable position in Caesars Entertainment (NASDAQ:CZR), leading to a nearly 10% increase in the stock price. Despite Icahn's history with the company, he stated he would not engage in activism. Analysts have mixed views on CZR, with some expecting a decline despite the recent surge.

Portfolio Pulse from Erica Kollmann

May 31, 2024 | 6:04 pm

COP

NUE

Bill Baruch announced on CNBC that he has bought shares of ConocoPhillips and sold shares of Nucor.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:31 pm

CZR

IEP

Carl Icahn expressed his positive sentiment towards Caesars Entertainment (CZR) and mentioned that he owns some of its stock. He also stated that he would not engage in activist activities with Caesars.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:09 pm