Streetbeat News

Insider Trading

ARKR

FFIN

HEAR

IRBT

Insiders have recently purchased shares in Turtle Beach, Ark Restaurants, iRobot, and First Financial Bankshares, indicating their confidence in these companies. Notable trades include Turtle Beach's Director acquiring 2,025 shares, Ark Restaurants' 10% owner buying 19,815 shares, iRobot's President and CEO purchasing 2,050 shares, and First Financial Bankshares' EVP/CFO buying 1,000 shares.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:39 pm

NVDA

PLTR

Duquesne Family Office, led by Stanley Druckenmiller, has reopened a position in Palantir Technologies (PLTR) after a year-long hiatus, purchasing 769,965 shares in Q1 2024. Concurrently, the firm significantly reduced its stake in Nvidia (NVDA), selling off a large portion of its holdings. Palantir's fundamentals have improved due to its pivot to AI, despite mixed Q1 results. The stock has risen 26% year-to-date.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 12:28 pm

MDAI

Insiders at Spectral AI have purchased approximately 113,000 shares of the company. This insider buying activity could indicate confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:03 pm

FDS

QCOM

YELP

The Nasdaq 100 closed lower by around 0.2% on Thursday. Notable insider sales were reported for Morgan Stanley, Qualcomm, Yelp, and FactSet Research Systems. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:58 am

MCHX

RPHM

RVP

Insiders are buying shares of Reneo Pharmaceuticals, Retractable Technologies, and Marchex, indicating their confidence in these companies despite recent declines in quarterly sales for Retractable Technologies and Marchex. Reneo Pharmaceuticals has also entered into a merger agreement with OnKure.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:29 am

CPNG

FCX

MSFT

NVDA

Stanley Druckenmiller has significantly reduced his stake in NVIDIA Corp (NASDAQ:NVDA) by 72%, selling 441,551 shares and liquidating all call options. Despite this, Nvidia remains the seventh-largest position in his portfolio. Druckenmiller has also made significant investments in small-cap stocks through call options on the Russell 2000, Microsoft Corp (NASDAQ:MSFT), Coupang Inc (NYSE:CPNG), and Freeport McMoRan (NYSE:FCX).

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 2:22 am

CRM

Salesforce Chairman and CEO Marc Benioff sold 15,000 shares at an average price of $284.73 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:47 pm

IRBT

IIrobot CEO Gary Cohen reported the purchase of 2,500 shares at an average price of $12.2874 per share, as per Form 4.

Portfolio Pulse from Charles Gross

May 16, 2024 | 8:19 pm

GME

Andrew Left of Citron Research has once again taken a short position against GameStop Corporation (NYSE:GME) following a recent increase in its share price. Left, who was a key figure in the 2021 short squeeze, believes the fundamentals of GameStop have not improved and is cautious about the stock's future performance.

Portfolio Pulse from Chris Katje

May 16, 2024 | 5:34 pm

BRK

MSFT

Bill Gates sold 1.7 million Microsoft shares and 2.6 million Berkshire Hathaway shares in Q1, reducing their weightings in the Bill and Melinda Gates Foundation Trust portfolio by 4.5% and 13.1%, respectively. Despite the sales, Microsoft remains the top holding at 33.5% of the portfolio, followed by Waste Management and Berkshire Hathaway.

Portfolio Pulse from Chris Katje

May 16, 2024 | 5:20 pm