Streetbeat News

Insider Trading

AFRM

ARWR

NTAP

Insiders at Zoom Video Communications, Arrowhead Pharmaceuticals, Affirm Holdings, and NetApp have recently sold shares. These sales could indicate various sentiments about the companies' prospects or stock valuations. Notable insider sales were reported, with significant transactions from directors and executives across these companies. Analysts have recently reiterated or initiated coverage on these stocks, providing insights into their market performance and future outlook.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 11:23 am

ALDX

ALZN

RVP

Insiders at Aldeyra Therapeutics, Retractable Technologies, and Alzamend Neuro have recently made significant stock purchases, signaling potential confidence in their companies' futures. Aldeyra Therapeutics saw a notable upgrade from Oppenheimer with a $10 price target. Retractable Technologies reported its 2023 results, and Alzamend Neuro received FDA approval to proceed with a Phase 2A study for PTSD treatment.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 10:23 am

DIS

The boardroom battle at Walt Disney Co. (NYSE:DIS) was highlighted by Ken Squire of 13D Monitor on CNBC, emphasizing it was not aimed at CEO Bob Iger but was about holding the board accountable for long-term succession planning. Despite Nelson Peltz's proxy fight and nomination for the board, Disney emerged victorious, electing its slate of board members. Jeffrey Sonnenfeld disagreed with Squire's view, praising Disney's board strength. Elon Musk also weighed in, supporting Peltz's board nomination.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 8:07 am

AAPL

Apple Inc. CEO Tim Cook sold over $33 million worth of company shares on Apr. 1 and Apr. 2, under a pre-arranged Rule 10b5-1 plan initiated on Nov. 28, 2022. The sales reduced Cook's direct holdings in Apple to 3,280,180 shares. These transactions were part of Cook's compensation package, involving the vesting of restricted stock units (RSUs). Insider transactions like these are often scrutinized for insights into executives' views on the company's future, though 10b5-1 plans are designed to prevent insider trading allegations by scheduling sales in advance.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 7:41 am

DJT

JJ Kinahan, chief market strategist at TD Ameritrade, suggests that Trump Media & Technology (NASDAQ:DJT) stock could be seen as a contribution to Donald Trump's potential 2024 campaign by his supporters. The stock has experienced volatility, with a recent sharp decline amid broader market scrutiny, emergency loans from a Russian-American businessman under investigation, and insider trading scandals. Trump Media's stock closed at $48.81, a 5.41% decrease.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 6:38 am

DWAC

Two brothers, Michael and Gerald Shvartsman, have pleaded guilty to securities fraud involving insider trading with information about the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group, the parent company of Truth Social. This insider trading scheme, which allowed them to profit illegally from nonpublic information about the merger, carries a maximum sentence of 20 years in prison. The scandal has added to the challenges facing the SPAC merger, which has also seen Trump Media & Technology Group's stock under pressure due to significant losses and legal disputes.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 1:45 am

DWAC

Two Florida men, Michael and Gerald Shvartsman, pleaded guilty to insider trading, making over $22 million from trades related to the public announcement of Trump Media & Technology Group going public via Digital World Acquisition Corp. (DWAC) and Benessere Capital Acquisition Corp. They are set for sentencing in July, with recommended prison time and forfeiture of profits. The case does not implicate Trump or Trump Media & Technology Group.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:29 pm

CALC

RCG

Insiders at CalciMedica, Tecogen, and RENN Fund have recently made significant stock purchases. CalciMedica's Chief Business Officer acquired shares at an average price of $3.90, following a Q4 loss report. Tecogen's Director bought shares at $0.70 each after announcing Q4 revenues and a net loss. RENN Fund's President and CEO purchased shares at $1.56 each, with the stock gaining 5% over the past month. These transactions may indicate insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:13 pm

DIS

PINS

UNFI

WDC

Notable insider sales were reported for Walt Disney (DIS), Pinterest (PINS), Western Digital (WDC), and United Natural Foods (UNFI). These sales come amidst various company-specific news and analyst ratings, potentially indicating insiders' views on the companies' stock prices. Insider sales can be a factor in investment decisions but should not be the sole indicator.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 12:29 pm

CTRN

PCT

WBA

Insiders have recently made notable purchases in shares of Walgreens Boots Alliance, Citi Trends, and PureCycle Technologies. These purchases indicate insider confidence in the companies' prospects. Walgreens EVP and Global CFO acquired 6,000 shares, while Citi Trends saw a purchase by Pleasant Lake Partners LLC, and PureCycle Technologies had shares bought by Fernando Musa. These transactions occur amidst various company-specific news, including a price target adjustment for Walgreens by Morgan Stanley, disappointing financial results for Citi Trends, and a corporate update from PureCycle Technologies.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:55 am