Home Blog Page 13
On June 13, 2018, Elon Musk reported buying 72,500 shares of Tesla, Inc. (TSLA) at an average price of about $344, spending nearly $25 million. Tesla stock rallied about 7.5% over the next three days. But the big purchase by Musk begs the question: Is it usually profitable to follow famous CEOs into their own stocks when they buy shares?
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.
Two long-time directors of AbbVie Inc. (NYSE: ABBV) disclosed purchases of the pharmaceutical company’s stock as it pulled back 25% from all-time highs reached earlier this year.
If history is any indication, On Deck Capital (NYSE:ONDK) stock is likely to trade higher in the months to come.
John C. Goff, a Texas Billionaire investor and chairman of Fort Worth-based Crescent Real Estate, filed a 13D on June 13 disclosing an 18.3% position in Houston-based Contango Oil and Gas ( MCF $5.91).
Cronos Group is a Canada-based marijuana producer seemingly well positioned to capitalize on the expected Canadian legalization of recreational marijuana later in the summer of 2018.
Turns out Warren Buffett and Jimmy Buffett are not related. For years the world’s third richest man and the “Margaritaville” singer-songwriter thought they might share ancestors. But DNA testing has apparently ruled that out.
By Mark W. Gaffney For WhaleWisdom.com “Don’t tell me what you think, just tell me what’s in your portfolio.” Nassim Taleb in Skin in the Game In his most recent book Skin in the Game, Nassim Taleb asserts that if you offer an opinion, and someone follows it, you are morally obligated to share in the consequences. If you profit from giving advice,...
By Mark W. Gaffney For WhaleWisdom.com As of May 1, 2018, over 5,200 stock positions were held by the 55 funds classified as activist investors. That’s according to data from WhaleWisdom.com. Most of these stocks will be unremarkable performers, generating little alpha for the fund or investors. But hidden among the many stocks in activist funds’ portfolios are a few positions that...
By Mark W. Gaffney For WhaleWisdom.com On December 8, 2017 Iroquois Capital Management filed a 13G report with the SEC stating that it owned 3,575,583 shares of Pareteum Corporation (NYSE: TEUM). For several days after the investment fund’s public disclosure TEUM hovered around $0.75, but soon it’s price began climbing. Then on December 26, Pareteum announced in a press release that...