Streetbeat News

Insider Trading

BRK

LSXMA

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) has acquired $116.58 million worth of Liberty SiriusXM Group (NASDAQ:LSXMA) stock, increasing its stake to 69,044,244 shares. The purchase was made over six days, with share prices ranging from $25.67 to $27.76. This move strengthens Berkshire Hathaway's position in the media and entertainment industry, following a proposal for a business combination between Liberty Media and Sirius XM Holdings Inc. in September 2023.

Portfolio Pulse from Rounak Jain

April 13, 2024 | 2:18 am

AUGG

PTN

TGEN

Insiders at Palatin Technologies, Tecogen, and Augusta Gold have recently made significant stock purchases, signaling potential confidence in their companies' futures. Tecogen's Director acquired shares at $0.70 each, following a reported revenue of $5.9 million and a net loss for the last quarter of 2023. Augusta Gold's Executive Chairman bought shares at $0.81 each after the company named an interim CFO. Palatin Technologies saw a Director purchase shares at $2.12 each, subsequent to announcing promising results from a Phase 3 trial for a dry eye disease treatment.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:36 pm

BBY

BOX

MDB

TRMB

Insiders at Best Buy, Box, Trimble, and MongoDB have recently sold shares, indicating potential concerns or personal financial strategies. Best Buy collaborates with Google Cloud and Accenture on AI, while Box, Trimble, and MongoDB receive analyst attention and expand partnerships.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:06 pm

LEN

NEOG

SGH

Insiders at Lennar, SMART Global Holdings, and Neogen have made notable stock purchases, indicating confidence in their companies. Lennar's director bought shares amid a supply agreement with LP Building Solutions. SMART Global's CEO purchased shares after reporting earnings that beat estimates. Neogen's director invested following a disappointing earnings report and guidance cut.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 11:17 am

UNH

UnitedHealth Group Inc (NYSE:UNH) faces scrutiny over executives' stock sales totaling $101.5 million ahead of a public antitrust investigation reveal. The sales occurred after the company was allegedly notified of the DOJ probe but before it became public knowledge. Additionally, a cyberattack on UnitedHealth's Change Healthcare subsidiary has raised concerns. Despite the investigation, the trades were reportedly approved, raising questions about the approval process and potential blackout periods. The DOJ is investigating UnitedHealth's acquisitions for potential antitrust violations. UnitedHealth's stock dropped 5.2% following the investigation reports.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 4:08 pm

BRTX

DOMH

LCGMF

Insiders at Dominari Holdings, BioRestorative Therapies, and Lion Copper and Gold have recently made significant stock purchases. Dominari Holdings' President acquired shares at $2.99 each, BioRestorative Therapies' Director at $1.23 each, and Lion Copper and Gold's Director at $0.06 each. These transactions indicate insider confidence in the companies' prospects. Dominari Holdings reported a narrower quarterly loss, BioRestorative Therapies announced a partnership to accelerate a Phase 2 trial, and Lion Copper and Gold's stock has gained 6% over the past month.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:41 pm

CAL

DBI

DELL

DOCU

Insiders at DocuSign, Designer Brands, Caleres, and Dell Technologies have recently sold shares, indicating potential concerns or personal financial strategies. Notable sales include DocuSign Director Peter Solvik selling 15,000 shares, Designer Brands EVP Jared A. Poff selling 15,000 shares, Caleres Chief Sourcing Officer Daniel R Freidman selling 15,000 shares, and Dell Technologies General Counsel Richard J Rothberg selling 93,954 shares. These transactions occur amidst various company developments, such as earnings reports and strategic initiatives.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:13 pm

UNH

Bloomberg reported that UnitedHealth's Chair and executives sold $102M in stock before the news of a US probe into the company became public. This significant stock sale occurred ahead of potentially damaging public information, raising questions about insider trading and its impact on UnitedHealth's stock price.

Portfolio Pulse from Charles Gross

April 11, 2024 | 11:35 am

CRMT

HCI

TRDA

Insiders at HCI Group, America's Car-Mart, and Entrada Therapeutics have made notable purchases of their company's stock, signaling confidence in their respective companies' futures. HCI Group's CEO acquired shares at an average price of $114.90, with an analyst maintaining an Outperform rating and a $140 price target. America's Car-Mart's CEO purchased shares at $61.62, despite an analyst maintaining an Underperform rating with a lowered price target. Entrada Therapeutics saw purchases by a director at an average price of $13.57, following upbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:41 am

FLGC

RCG

TGEN

Insiders at Tecogen, Flora Growth, and RENN Fund have recently made significant purchases of their companies' stocks, indicating potential confidence in their respective companies' futures. Tecogen's Director acquired shares at a low price following a reported net loss, while Flora Growth's CEO made a $1M purchase amid a new public offering. RENN Fund's CEO bought shares after a 6-month 8% decline in stock price.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:35 pm