Streetbeat News

Insider Trading

PSX

Phillips 66 (PSX.N) is exploring the sale of its 25% stake in the Rockies Express Pipeline, valued over $1 billion including debt. The pipeline stretches from Wyoming and Colorado to Eastern Ohio. Phillips 66 aims to raise about $3 billion from asset sales this year, amidst pressure from Elliott Management to improve operations. The company is in talks with potential buyers, including private equity and infrastructure funds, to sell the stake which has a book value of $451 million but is expected to fetch a premium.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:45 pm

MAIA

MAIA Biotechnology, Inc. (NYSE:MAIA), a clinical-stage biopharmaceutical company, announced that director Adelina Louie purchased 170,940 shares in a private placement. This purchase is part of a broader participation by five independent board members, highlighting confidence in MAIA's ongoing development of cancer treatments. The company appreciates the continued support from its top investors, including Adelina Louie and Stan Smith, as it progresses with its novel immunotherapies for cancer.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:03 pm

HNRG

OABI

PPBI

Insiders at Hallador Energy, Pacific Premier Bancorp, and OmniAb have made significant stock purchases, signaling confidence in their companies. Hallador Energy's director bought shares worth around $240,136, Pacific Premier Bancorp's director purchased shares for approximately $28,704, and OmniAb's President and CEO acquired shares totaling about $1.17 million. These purchases come after positive developments for each company, including executive appointments and favorable earnings reports.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:40 pm

AMZN

CART

TTD

WOR

Insiders at Amazon.com, The Trade Desk, Worthington Enterprises, and Maplebear have recently sold shares. These sales could indicate various sentiments about the companies' future prospects or stock valuations. Notably, each company has had recent developments, such as earnings reports, analyst reiterations, or price target adjustments, which could influence investor perceptions and stock performance.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:22 pm

DSGN

FTCI

OCUP

Insiders at FTC Solar, Ocuphire Pharma, and Design Therapeutics have recently made significant stock purchases, signaling confidence in their companies' prospects. FTC Solar's director acquired shares following upbeat quarterly sales. Ocuphire Pharma's CFO and COO bought shares after reporting fourth-quarter sales. Design Therapeutics' directors made purchases after posting a narrower-than-expected quarterly loss.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 11:37 am

DWAC

The SPAC merger between Digital World Acquisition Corp (NASDAQ:DWAC) and Trump Media & Technology Group was approved, making Trump's company public. Despite DWAC's 250% increase over the past year, U.S. Rep. Marjorie Taylor Greene faces losses on her investment in DWAC shares due to buying at peak prices. The merger completion will see Greene owning shares in the new entity, with Trump holding 80 million shares.

Portfolio Pulse from Chris Katje

March 25, 2024 | 8:25 pm

GWAV

Joseph Reda has reported a 9.119% passive stake in Greenwave Technology Solutions (GWAV) as of March 22, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:17 pm

BRT

GLSI

HROW

Insiders at Harrow Inc., Greenwich LifeSciences, and BRT Apartments have made notable purchases of their companies' stocks, signaling confidence in their respective companies' futures despite recent financial results or developments. Harrow's insider bought shares after reporting disappointing financial results, Greenwich LifeSciences' CEO and CFO made purchases following the initiation of clinical sites in Europe, and BRT Apartments saw insider buying after posting downbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 1:00 pm

AMD

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

ADI

ARRY

MCD

Insiders at AutoNation, Array Technologies, Analog Devices, and McDonald's have recently sold shares, indicating potential concerns or views of overvaluation. These sales come amidst various company developments, including earnings reports and analyst ratings.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 12:13 pm