Streetbeat News

Insider Trading

AMC

GME

Hedge Fund Renaissance Technologies ended Q1 with over 1 million shares in GameStop and increased its stake in AMC by 78% to 8.7 million shares, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:25 pm

EVGO

FTHM

SCKT

Insiders have recently bought shares in Fathom Holdings, EVgo, and Socket Mobile, indicating their confidence in these companies. Fathom Holdings posted downbeat quarterly results, while EVgo and Socket Mobile reported better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 12:38 pm

JPM

SLB

VMC

The Nasdaq 100 closed higher by more than 100 points on Tuesday. Notable insider trades were observed in Micron Technology, Vulcan Materials, Schlumberger, and JPMorgan Chase. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 12:14 pm

AKAM

CPNG

VSTS

The article highlights notable insider trades in three companies: Coupang, Vestis, and Akamai Technologies. Insider purchases often indicate confidence in the company's prospects. Coupang's Director Neil Mehta bought $20.39 million worth of shares, Vestis' CFO Ricky T Dillon acquired $201,320 worth of shares, and Akamai's CEO F Thomson Leighton purchased $2.04 million worth of shares.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 11:10 am

AMC

GME

IWM

PLUG

SPWR

UUP

Wall Street trades flat amid mixed producer inflation data and anticipation for consumer inflation report. Fed Chair Powell sees prolonged current monetary policy, while President Biden imposes significant tariffs on Chinese imports. The U.S. dollar index and Treasury yields fell, while small caps and meme stocks like GameStop and AMC surged. Commodities saw mixed movements, and Bitcoin dropped. Key ETFs and stocks like Insulet, Plug Power, SunPower, and Delcath Systems reacted to various news, including earnings and significant financial developments.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 5:59 pm

ABBV

AMRS

CRBP

CRDL

HRMY

JAZZ

NTEC

PFE

Roy Bingham, CEO of BDSA, projects the U.S. cannabis market to reach nearly $46 billion by 2028, driven by adult-use and medical market expansion. The DEA's reclassification of cannabis to Schedule III is expected to spur medical research and investment, with significant growth anticipated in pharmaceutical applications and medical cannabis products. This rescheduling may reduce financial pressures on cannabis businesses and attract investment from healthcare and pharmaceutical companies. Despite federal restrictions, the shift is seen as an opportunity for healthcare and pharmaceutical industries to invest in cannabinoid research, potentially impacting medication use and fostering innovation in the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 5:32 pm

CERS

ETST

NANX

ZOM

Insiders are buying shares in Zomedica, Earth Science Tech, Nanophase Technologies, and Cerus, indicating potential confidence in these companies. Notable transactions include purchases by directors and CEOs at prices below $3, with Zomedica's CEO acquiring 100,000 shares. Earth Science Tech announced a stock repurchase program, Nanophase Technologies reported Q1 financial results, Cerus reported increased product revenue, and Zomedica reported a decrease in GAAP EPS and worse-than-expected sales.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 1:01 pm

ACNT

UBFO

VSTS

Insiders at Grocery Outlet, Ascent Industries, Vestis, and United Security Bancshares have made significant stock purchases, indicating potential confidence in their companies' futures. These transactions range from over $2 million in Grocery Outlet to around $58,580 in United Security Bancshares, despite recent mixed financial results and analyst downgrades.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 11:05 am

HBNC

Horizon Bancorp has announced the appointment of John Stewart as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:01 pm

MPC

Marathon Petroleum announced a leadership transition effective August 1, 2024. Maryann T. Mannen will become CEO, replacing Michael J. Hennigan, who will become Executive Chairman. John Surma will serve as Lead Director.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:48 pm