Hedge Fund and Insider Trading News: Bill Ackman, David Einhorn, Dan Sundheim, Mike Novogratz, ValueAct Capital, Brevan Howard Asset Management, Zoom Video Communications Inc (ZM), Whirlpool Corporation (WHR), and More

Einhorn Touts Teck Resources With Copper Rally Enduring (Bloomberg)
Greenlight Capital’s David Einhorn said he recommend shares of Canadian miner Teck Resources Ltd. amid strong demand for copper and other commodities. The pipeline of potential new copper capacity is low, and it takes a long time to create new mines, the hedge fund manager said Wednesday at the Sohn Investment Conference, which was held virtually this year. Demand is poised to outstrip supply in 2024, leading to higher copper prices, Einhorn said.

Paul Singer Reinvents Himself As A Whimsical Stationary Seller (Deal Breaker)
Pharmaceutical giant Glaxo Smith Kline is circling the wagons at his approach. Duke Energy has undoubtedly not enjoyed its discussions with him. Which is to say, Paul Singer’s rather ferocious reputation precedes him. Given that reputation, it can be hard to imagine that Paul Singer has a soft side at all, and even those one can imagine generally involve Schadenfreude, personal advantage, harmful consequences, ulterior motives or some other very hard edge. But he does: For soccer, for dancing in fountains in extravagant headwear, for French liqueurs (although definitely not for French securities regulation), for music – especially reggae. And, it seems, for makers of twee, cutesy gifts, wrapping paper and, especially, cards.

Hedge Funder Dan Sundheim Very Bullish on Online Used Car Sales, Owns Carvana (Seeking Alpha)
Hedge fund manager Dan Sundheim says he’s “quite bullish” on online used cars and he owns Carvana (NYSE:CVNA). D1 Capital‘s Dan Sundheim spoke at the virtual Sohn Investment Conference. Sundheim said D1 has investments in Europe and Latin America in the online used car space.

Zoom Video Communications Inc (ZM) CFO Kelly Steckelberg Sold $1.9 million of Shares (Guru Focus)
CFO of Zoom Video Communications Inc, Kelly Steckelberg, sold 6,700 shares of ZM on 05/10/2021 at an average price of $287.89 a share. The total sale was $1.9 million.

The EXEC VICE PRESIDENT AND CFO of Whirlpool (NYSE: WHR) is Selling Shares (Analyst Ratings)
Yesterday, the EXEC VICE PRESIDENT AND CFO of Whirlpool (WHR), James Peters, sold shares of WHR for $2.27M. Over the last month, James Peters has reported another 3 Sell trades on WHR for a total of $12.79M. Following James Peters’ last WHR Sell transaction on April 29, 2021, the stock climbed by 1.7%. Based on Whirlpool’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $5.36 billion and quarterly net profit of $433 million.

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