Streetbeat News

Insider Trading

UBER

Bill Baruch announced on CNBC that he has bought more shares of Uber Technologies.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:47 pm

GME

Andrew Left from Citron Research announced on Benzinga Live that he has shorted GameStop (GME) this week.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:40 pm

FCX

Stephanie Link has increased her investment in Freeport-McMoran, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:11 pm

AMC

A report from 'The Bear Cave' criticizes AMC Entertainment's financial health, calling it 'a dead company walking.' Despite a recent stock surge influenced by social media, the report highlights AMC's unprofitability, high debt, and significant stock dilution. The report also questions the credibility of AMC's promoters and notes a lack of deep value and lower short interest compared to past meme stock surges.

Portfolio Pulse from Michael Cohen

May 16, 2024 | 3:25 pm

GME

Andrew Left, a key figure in the 2021 GameStop short squeeze, will appear on 'Benzinga Live' to discuss his previous bearish stance on GameStop. His appearance coincides with a recent surge in GameStop shares, driven by the return of Roaring Kitty on social media. GameStop shares have seen volatility, rising earlier in the week but falling on Wednesday.

Portfolio Pulse from Chris Katje

May 16, 2024 | 2:21 pm

AMC

GME

TSLA

Lawmakers largely missed out on the recent meme stock rally, with only one member of Congress, Rep. Michael Garcia, having traded GameStop (GME) and AMC Entertainment (AMC) in the past three years. Garcia's trades in GME and AMC were not recent, and he has since shifted to buying government treasuries and selling Tesla (TSLA) shares.

Portfolio Pulse from Chris Katje

May 16, 2024 | 1:13 pm

CTRN

SCWX

WGS

The article highlights notable insider trades in three companies: Citi Trends, GeneDx Holdings, and SecureWorks. Insider purchases often indicate confidence in the company's prospects. Citi Trends saw a significant purchase by Pleasant Lake Partners, GeneDx Holdings by Casdin Partners, and SecureWorks by Neil Gagnon.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 1:06 pm

HUBB

NTAP

PRGS

V

The Nasdaq 100 closed higher by around 1.5% on Wednesday. Notable insider sales were observed in Progress Software, Visa, Hubbell, and NetApp. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:20 pm

CLSD

LIPO

SABR

ZOM

Insiders have been buying shares of several penny stocks, including Sabre Corporation, Zomedica Corp., Clearside Biomedical, and Lipella Pharmaceuticals. These transactions may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 11:55 am

FE

Carl Icahn has dissolved his stakes in FirstEnergy, a significant move given his influence as an activist investor. This decision could impact FirstEnergy's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:38 pm