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Protagonist Therapeutics insiders bought on Tuesday as their company's stock plummeted after preliminary data appeared to cast doubt on Protagonist's (PGTX) key drug. On Monday, the company presented an initial look at preliminary results from the TRANSCEND Ph2 open-label study of PTG-300 (hepcidin mimetic) focusing on patients with transfusion-dependent (TD) beta-thalassemia (beta-thal). The...
Is Bill Oberndorf the best stock picker in the U.S.? According to a recent report by WhaleWisdom.com, two professional fund managers shared the top ranking for risk-adjusted performance of their stock picks. One of the top ranked funds was Abdiel Capital Advisers, L.P. with a WhaleScore ranking of 99. You may know of...
The January Effect and insider trading anomaly can combine for unusually profitable opportunities. As year-end approaches, it's a great time to scan the universe of equities for oversold, cheap stocks being accumulated by insiders. The January Effect refers to the tendency for stock prices -- especially small cap stocks -- to appreciate more in January than...
Stadium Capital's Q3 return of 33.01% was best among all hedge funds in the WhaleWisdom universe*. Tiger Legatus ranked #2 with a 31.81% return for the third quarter. *Performance was measured based on a "manager weighted" portfolio of all hedge funds' top 10 holdings at Q3's end, as reported in 13F filings disclosed last...
Scion Asset's Q3 13F shows renowned value investor Dr. Michael Burry clearing out seven previous holdings and adding four new stocks. Based on the Q3 13F filings submitted on Nov. 14, Scion now has a concentrated long portfolio consisting of four consumer discretionary companies, a communications stock, and an energy stock. And a tiny position in a...
Live Nation insider James Kahan bought 4,500 shares of the concert promotion and ticketing company at $61.54 on Nov. 6. Kahan, a director at Live Nation, Inc. (LYV) since 2007, last bought LYV stock at $8.40 in August of 2010. LYV closed Friday at $63.16. Kahan's Live Nation insider buying represents a reversal: He was a seller...
BlueLinx insiders bought after their company's stock price was cut in half after a surprise revenue decline. On Nov. 5, BXC closed at $31. Then came an earnings report showing a significant revenue decline. On Thursday morning BlueLinx (BXC) traded as low as $13.47 before rebounding to close at $15.96. Is the business...
Whale Rock filed a 13G on cloud software company Datadog Inc. (DDOG) on Nov. 1, disclosing a new 1.88 million share position. The $61 million stake represents 6.81% of DDOG's outstanding shares. We recently profiled Whale Rock Capital, noting that the fund's returns, based on 13F filings of stock positions, are among the best...
Benjamin Graham activist investor. That's not a term we often hear. Usually Ben Graham is referred to as "The Father of Value Investing." He's the man who coined the term "margin of safety" -- minimizing risk and maximizing profits by buying stocks at deep discounts to intrinsic value. Warren Buffett became the third richest man on the...
The insider trading anomaly was first formally identified by James Lorie and Victor Niederhoffer in a 1968 article Predictive and Statistical Properties of Insider Trading. Much has changed in the investment markets over the ensuing years. But the predictive properties of insider trading remain as relevant today as they were a half century ago.