On Dec. 23, Nierenberg Investment filed a 13D/A on Houston Wire and Cable (HWCC). The investment adviser expressed frustration that the market value of its long-held position in the micro-cap has "widened substantially over the last two years." The filing amended a 13D...
Myriad Genetics co-founder Walter Gilbert PhD bought $150K of MYGN on Dec. 13 @ $25.60. Gilbert, who won the Nobel Prize for Chemistry in 1980, has a history of Form 4 filings at Myriad dating back to 2006. However, this is the insider's first open market purchase...
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...
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...
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...
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...
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...
Bill Gurley's Stitch Fix insider buying is his first ever as a corporate insider. Gurley bought $3.1 million of Stitch Fix, Inc. (SFIX) shares on the open market, increasing his personal stake by 25% to 755,000 shares. The tech dealmaker's purchases come as SFIX short interest has...
Hudson Executive Capital disclosed on Monday that it bought 143,200 shares of USA Technology (USAT) at $4.46 along with call options giving the fund the right to buy another 1,250,000 shares of stock at $10. The call options expire on Jan. 17, 2020.
Intra-Cellular Therapies FDA news release on Sept. 10 appeared positive. The FDA informed the company that it will not schedule an Advisory Committee meeting in connection with its review of the company’s new drug application (NDA) for Lumateperone for the treatment of schizophrenia. All good, moving ahead,...