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.
Select Medical Insider buying has been historically rare. And It's been nearly a decade since Rocco Ortenzio purchased stock of Select Medical Holdings (SEM). But in a Form 4 filed on March 18, the Vice-Chairman and Co-Founder of the hospital operator disclosed a buy...
"Insiders are selling stock like it's 2007." That's a headline from August 27, 2019. Sounds ominous. One might have been inclined to think: The smart guys are dumping stock, guess I should too. Well that would have been a big mistake. Since that headline was posted, the...
Home Depot co-founder Ken Langone, 83, is famously frugal. In an interview with CNBC last year the multi-billionaire told of challenging the cable company’s $200 bill for his Manhattan apartment’s service. “The point I'm making is it's not that I'm cheap, it's just that I want to make sure I don't squander money," Langone says.
A JC Penny (JCP) insider disclosed on Monday afternoon a nearly $1 million purchase of JCP stock at $0.99 cents. JCP traded at $1.91 as recently as March 12, but in recent weeks speculation has intensified that a bankruptcy filing by the 117-year-old retailer was fast approaching.
In the mid-19th century, Gerson von Bleichröder gained fame as the financial advisor to Otto von Bismarck, the Chancellor of the German Empire. The investment firm S. Bleichröder merged with Arhnold Bros. in 1964, eventually becoming New-York City-based Arnhold and S. Bleichroeder, Inc. That firm was renamed First Eagle Investment...
Donald Trump's insider buying history is short, but interesting, given the fact that the former corporate insider is now the 45th President of the United States. It was Monday, Sept. 15, 2008 at 3:08 PM when Donald J. Trump filed a Form 4...
The stock market's rally since the March 23 low has been stunning. The S&P 500 is up nearly 30% from those levels as of yesterday's close. So it's not surprising that insider selling has accelerated into the rally. Insiders were big net buyers...
Insiders buy market crashes, backing up the truck if their shares get cheap enough. The smartest fund managers can make their year -- even careers -- acquiring great companies at phenomenal bargains during market crashes. True market crashes are rare--black swans. But garden variety "panics" occur fairly...
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.