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Insider Trading

Sen. Josh Hawley grilled Energy Secretary Jennifer Granholm over her stock trading activities and conflicts of interest, highlighting institutionalized corruption within the energy department. Granholm admitted to owning and later selling stocks, including shares of Ford Motor Company (NYSE:F), which she claimed were owned by her husband. Hawley accused Granholm of misleading the committee, violating stock trading laws, and promoting companies she had stakes in, calling for her resignation.

Portfolio Pulse from Chris Katje

April 17, 2024 | 11:06 pm

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U.S. Senator Tommy Tuberville's recent regulatory filings reveal trades in stocks and options of several companies, including sales of put options for Adobe Inc, Qualcomm Inc, and Applied Materials Inc, and purchases of Humacyte Inc shares. These activities raise conflict of interest concerns due to Tuberville's position on Congressional committees. Additionally, Tuberville bought shares in Southern States Bancshares Inc, Paramount Global, and Walgreens Boots Alliance, and sold shares in Apple Inc, JPMorgan Chase & Co, CSX Corp, and Texas Instruments Inc.

Portfolio Pulse from Chris Katje

April 17, 2024 | 10:05 pm

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Insiders at Global Crossing Airlines Group, Retractable Technologies, and RENN Fund have recently made significant purchases of their companies' stocks, indicating potential confidence in their respective companies' futures. Global Crossing Airlines Group was approved for an increase in aircraft by the US Department of Transportation, Retractable Technologies reported its 2023 results, and RENN Fund shares have fallen about 10% over the past six months.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 12:31 pm

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Insiders at Enphase Energy, Wayfair, CrowdStrike Holdings, and Electronic Arts have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. Each company is approaching significant events, such as earnings releases and expanded partnerships, which could influence their stock performance.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:59 am

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Insiders at Ashford Inc. and Kingsway Financial Services have made notable stock purchases, signaling confidence in their companies. Ashford's CEO acquired 200,000 shares, following a reverse stock split announcement. Kingsway's President and CFO also bought shares amid an extension of its share repurchase program.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:13 am

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Insiders at Nauticus Robotics, Blend Labs, and ProtoKinetix have recently made significant stock purchases, signaling potential confidence in their companies' futures despite recent financial setbacks. Nauticus Robotics saw a wider Q4 loss, Blend Labs reported downbeat quarterly sales, and ProtoKinetix's stock declined by 25% over the past month. These insider transactions could indicate a bullish outlook from those with intimate knowledge of the companies.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 12:47 pm

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Insiders at Walgreens Boots Alliance, authID Inc., and America's Car-Mart have recently made significant stock purchases, indicating their confidence in the companies' prospects. Walgreens reported better than expected Q2 earnings and tightened FY24 guidance, authID posted a narrower FY23 loss, and America's Car-Mart received a lowered price target from B of A Securities.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 11:19 am

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Members of Congress have been purchasing shares in defense companies such as Lockheed Martin, RTX Corp, Northrop Grumman, and General Dynamics amid escalating Middle East tensions. This activity raises concerns about potential conflicts of interest as the U.S. considers its response to recent attacks in the region. The trading activity, highlighted by Benzinga and Unusual Whales, includes transactions by Reps. Kevin Hern, Kathy Manning, Josh Gottheimer, and Sen. Markwayne Mullin, among others.

Portfolio Pulse from Chris Katje

April 15, 2024 | 5:09 pm

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Farhad Fred Ebrahimi has reported a 4.98% stake in Stratasys as of April 10, 2024, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:09 pm

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Longeveron Inc. (NASDAQ:LGVN) shares surged following insider buys from executives, including the Chief Scientific Officer and CEO. The company recently closed a public offering, raising $5.2 million for clinical and regulatory development of Lomecel-B. Despite a year-to-date loss of 91.16%, the stock's current RSI indicates it is oversold. Shares are up 50.3% at $2.54.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 3:58 pm