Salesforce.com Inc (CRM) Chair of the Board & CEO Marc Benioff Sold $5.9 million of Shares (Guru Focus)
Chair of the Board & CEO of Salesforce.com Inc., Marc Benioff, sold 30,000 shares of CRM on 08/03/2020 at an average price of $197.08 a share. The total sale was $5.9 million. Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.
Hedge Fund Short Sellers “Battered” by USD6 Billion Loss in Tech Rally – But Bearish Bets May Yet Rebound (Hedge Week)
Hedge fund short sellers took a hefty beating in what proved to be a bruising July, losing some USD6 billion across a range of strong-performing technology stocks, including more than USD4 billion from Tesla shorts alone. New data from Ortex Analytics, a London-based equities research and analytics outfit, indicates hedge funds who went short on Amazon, Apple, Alphabet, and AMD along with Tesla suffered large losses as their bearish bets turned sour amid the stock market’s impressive Q2 rally.
Pzena Investment Cuts Amgen, Halliburton (Guru Focus)
Richard Pzena is the founder and Chief Investment Officer of Pzena Investment Management LLC. The hedge fund has an equity portfolio valued at $15.33 billion and composed of 169 stocks. It sold shares of the following stocks during the second quarter of 2020. The Interpublic Group of Companies: The fund trimmed its position in The Interpublic Group of Companies Inc. (IPG) by 57.25%. The trade had an impact of -1.06% on the portfolio.
The President of S&P Global (NYSE: SPGI) is Selling Shares (Analyst Ratings)
Yesterday, the President of S&P Global (SPGI), John Berisford, sold shares of SPGI for $2.08M. Following John Berisford’s last SPGI Sell transaction on March 05, 2019, the stock climbed by 154.6%. In addition to John Berisford, 4 other SPGI executives reported Sell trades in the last month.
Kodak Loan Disclosure and Stock Surge Under SEC Investigation (The Wall Street Journal)
The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co.’s announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter. News of the loan last week caused Kodak’s shares to rise as high as $60, before falling to about $15 on Monday due to a dilution in the shares. Amid the heightened volatility, trading volume has surged. The price spike briefly produced a potential windfall for company executives who owned stock-option…
Citrix Systems Inc (CTXS) CEO & PRESIDENT David J Henshall Sold $917,482 of Shares (Guru Focus)
CEO & PRESIDENT of Citrix Systems Inc., David J Henshall, sold 6,420 shares of CTXS on 08/03/2020 at an average price of $142.91 a share. The total sale was $917,482. Citrix Systems Inc provides virtualization, networking and cloud infrastructure solutions. It provides a complete and integrated portfolio of application delivery, virtualization, mobility, network delivery and file sharing solutions.
