Pilgrims Pride Corp (PPC) CEO Jayson Penn Sold $1.4 million of Shares (Guru Focus)
CEO of Pilgrims Pride Corp, Jayson Penn, sold 51,222 shares of PPC on 08/06/2019 at an average price of $28.29 a share. The total sale was $1.4 million. Pilgrims Pride Corp engages in processing, marketing, and distribution fresh, frozen and value-added chicken products to retailers, grocers, distributors and food service operators. It offers chickens as a whole and different cuts. Pilgrims Pride Corp has a market cap of $7.23 billion; its shares were traded at around $29.01 with a P/E ratio of 26.11 and P/S ratio of 0.67. GuruFocus has detected 3 severe warning signs with Pilgrims Pride Corp.
Thursday 8/8 Insider Buying Report: PBF, GHL (Nasdaq.com)
On Tuesday, PBF Energy (PBF)’s , Carso, S.A. de C.V. Inversora, made a $12.47M purchase of PBF, buying 538,300 shares at a cost of $23.16 a piece. Investors can buy PBF at a price even lower than Inversora did, with shares trading as low as $22.42 in trading on Thursday – that’s 3.2% below Inversora’s purchase price. PBF Energy is trading up about 0.3% on the day Thursday. Before this latest buy, Inversora made one other purchase in the past year, buying $46.61M shares for a cost of $28.95 each. And at Greenhill & Co (GHL), there was insider buying on Tuesday, by Chief Executive Officer Scott L. Bok who purchased 139,220 shares for a cost of $14.36 each, for a trade totaling $2M. Before this latest buy, Bok made one other purchase in the past year, buying $4.99M shares for a cost of $22.60 each. Greenhill & Co is trading up about 8.5% on the day Thursday. Bok was up about 8.2% on the purchase at the high point of today’s trading session, with GHL trading as high as $15.53 in trading on Thursday.
CSRC Imposes $56mn Penalty on Individual for Insider Trading (RegulationAsia.com)
The individual learned of a gaming company’s acquisition plans months in advance and used 14 stock accounts set up by acquaintances to profit from the information. The CSRC (China Securities Regulatory Commission) has issued a CNY 394 million (USD 56 million) penalty – one of the largest ever imposed on an individual – in an insider trading case. According to a Caixin report, the case involved trading in the shares of online game developer Shenzhen Zqgame Co Ltd in 2013, when it was among only a handful of companies listed on the SZSE (Shenzhen Stock Exchange) Growth Enterprise Market.
Ex KPMG Partner Banned Over Insider Trading (Economia.ICAEW.com)
A former KPMG US partner accused of insider trading is to pay the US Securities & Exchange Commission (SEC) $125,000 (£102,771) in a final judgment that will also see him banned for life from practising as a listed company accountant or auditor. Thomas Avent Jr agreed to the final judgment without admitting or denying the SEC’s allegations. He had been accused of passing on highly confidential, non-public information to his stockbroker about three potential acquisitions of publicly-traded companies.
A Director at Cleveland-Cliffs Inc (NYSE: CLF) is Buying Shares (Analyst Ratings)
Today, a Director at Cleveland-Cliffs Inc (CLF), Robert P. Fisher, bought shares of CLF for $26.52K. This recent transaction increases Robert P. Fisher’s holding in the company by 2.63% to a total of $1.01 million. In addition to Robert P. Fisher, 2 other CLF executives reported Buy trades in the last month.
Tyson Foods Inc (TSN) EVP & Chief HR Officer Mary Oleksiuk Sold $3.6 million of Shares (Guru Focus)
EVP & Chief HR Officer of Tyson Foods Inc, Mary Oleksiuk, sold 43,592 shares of TSN on 08/06/2019 at an average price of $82.6 a share. The total sale was $3.6 million. Tyson Foods Inc processes and distributes value-added beef, chicken pork, prepared foods and related allied products, including animal and pet food ingredients. Its product brands are Wright, Jimmy Dean, Hillshire Farm, Ball Park and Sara Lee. Tyson Foods Inc has a market cap of $31.44 billion; its shares were traded at around $86.21 with a P/E ratio of 15.37 and P/S ratio of 0.78. The dividend yield of Tyson Foods Inc stocks is 1.65%.
