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.
A Mellanox (MLNX) insider bought $2.2 million of the Israeli chip designer as fears China will block a proposed merger with Nvidia Corp (NVDA) pushed the price of MLNX well below the buyout price. Stephen Sanghi, a director of Sunnyvale-based Mellanox since February...
American Capital Investment Corp (AGNC) insider buying by CEO and CIO Gary Kain suggests the current neutral interest rate environment is supportive of AGNC's 11.5% dividend yield. Kain bought $1.89 million of the gov't-back mortgage REIT on May 28. Kain's...
We know that smart investors buy low and sell high. And as a group, corporate insiders are among the smartest. So why then are some insiders selling near 52-week lows? Shouldn't an insider buy his or her own shares as valuation gets more attractive. At...
Two Waitr Holdings (WTRH) insiders combined for a $1.07 million buy of the food delivery company's shares on Monday. The Waitr insiders' purchases came after a March 20, 2019 report by short research firm "The Friendly Bear" ravaged WTRH stock. The report was entitled:...
Billionaire John Malone's insider buying may be rare, but when he does make a purchase, it pays to join him. On May 15, Malone along with two other Qurate Retail Inc. (QRTEA) insiders, bought over $14 million of the retailing and media stock at an average price...
A MGM insider just placed a $20 million bet that MGM shares are heading higher. This despite investor worries that the casino operator could be in the crosshairs as China retaliates against U.S. tariffs. On May 10, Paul J. Salem filed...
On May 6, Arconic Inc.'s (ARNC) insiders disclosed the purchase of $1.6 million of stock as the aluminum-parts maker announced additional share buybacks and clarified plans for a spinoff. Chairman and CEO John Plant bought 50,000 shares of ARNC at $22.14. Since March...
James Zarley, a Texas Roadhouse Inc. (TXRH) insider since 2004, filed a Form 4 disclosing the purchase of 18,900 shares of TXRH on May 1 at $52.91. The long-time director's $992K purchase was a reversal -- Zarley sold 10,900 shares of the steakhouse chain in February of...
On April 30, Phillip Goldstein disclosed a 9.9976% position in Herzfeld Caribbean Basin Ltd. (CUBA). In a 13D filing, Goldstein said that if the founder and manager of the CUBA closed-end fund was to "dissolve" it, shareholders would gain "about 25%." Goldstein is...