Nothing like putting a million bucks where your mouth is. After a presentation yesterday at the JPMorgan healthcare conference yesterday, an analyst bad-mouthed medical device giant Medtronic Plc (MDT) and cut price targets. As the stock tumbled over 6%, Medtronic CEO Omar Ishrak went on television to defend his company and debunk critics. Then today he bought $1 million dollars of MDT on the open market.
Twenty-two minutes after regular market hours closed on July 2, an Orbimed Advisors Form 4 relating to Corvus Pharmaceuticals Inc (CRVS) was posted on the SEC's website. The hedge fund, a 10%+ holder and insider in CRVS, disclosed that between June 27 and July 1 it...
Hornbeck industries (NYSE: HOS) stock has been on a tear since July 3 when a group of insiders disclosed acquiring a total of 24,550 shares at $4.00. HOS closed at $5.21 on June 29.
Solid Biosciences' private placement featured investments by an all star list of top biotech institutional investors. Cambridge-based Solid Biosciences (SLDB) trades at 1/3 of its January 2018 IPO value. But based on the A-list biotech investors buying shares in the company's July 26 $60...
Michael Kumin has been a director at Wayfair Inc (W) since June of 2011. The e-commerce furniture retailer went public in 2014, with Kumin's private equity firm Great Hill Partners a major investor. Since then, the Wayfair insider bought shares of W just once on the open...
When the equities in your portfolio plummet, you may find yourself asking: What are these stocks really worth? They’ve fallen ten or twenty percent – what’s to keep them from declining even further? Well here’s one thing that can anchor a portfolio: Sizeable dividend payments.
Over the last several days SRS Investment added to its Avis Budget Group (CAR) stake. The New York-based hedge fund acquired 243,000 shares of the rental car company from Aug. 17-19. In Form 4s disclosed Wednesday, SRS reported buying the stock on the...
Hanesbrands (HBI) Chairman of the Board Ronald Nelson bought 50,000 shares of the apparel company at $12.73 on Nov. 9. The long-time Hanesbrands insider disclosed in a Nov. 10 Form 4 buying $636,600 of HBI. It was Nelson's largest insider purchase of HBI since...
The S&P 500 traded above its 200 day moving average last week for the first time since March 5. Back on March 23, at the bottom of the crash, the index was 28% below its 200 Day MA. The market has seen an amazing "bounce" since then....
While the machines took over the stock market on Monday, relentlessly selling anything with a stock ticker, a few smart-money investors waded into the fray, using old fashioned fundamentals like earnings and valuations to inform their stock-picking. One of the value/contrarian buyers was Stephen M. Zide, who disclosed Monday evening the purchase of 20,000 shares of chemical producer Trinseo S.A.