Former Anchorage Restructuring Head Joins Investment Bank PJT (The Wall Street Journal)
Investment bank PJT Partners Inc. has hired the former U.S. head of restructuring at hedge fund Anchorage Capital Group as a partner, said people familiar with the matter. Charles Tauber, 50 years old, had a major role in the New York hedge fund’s investments in distressed companies including the Hollywood movie studio MGM Holdings Inc., PG&E Corp. and J.Crew Group. He is slated to start at PJT in September in its restructuring and special-situations group, one of the people said. Mr. Tauber left Anchorage in 2020 after more than a decade there.
Monday 8/23 Insider Buying Report: VRTX, TXMD (Nasdaq.com)
On Thursday, Vertex Pharmaceuticals’ CEO & President, Reshma Kewalramani, made a $1.96M buy of VRTX, purchasing 10,000 shares at a cost of $195.65 each. Kewalramani was up about 1.3% on the purchase at the high point of today’s trading session, with VRTX trading as high as $198.26 in trading on Monday. Vertex Pharmaceuticals is trading up about 1.1% on the day Monday. And at TherapeuticsMD, there was insider buying on Wednesday, by Director Cooper C. Collins who purchased 1,000,000 shares at a cost of $0.72 each, for a total investment of $725,000. This purchase marks the first one filed by Collins in the past year. TherapeuticsMD is trading up about 8.1% on the day Monday. So far Collins is in the green, up about 13.9% on their purchase based on today’s trading high of $0.83.
Insider Trading: August 23, 2021 (BIV.com)
Insider Neil Solomons, officer. Company: Aurinia Pharmaceuticals Inc. (Nasdaq:AUPH). Shares owned: 142,299. Trade date: August 9. Trade total: US$721,350. Trade: Sale of 45,000 shares at a price of US$16.03 per share. Insider Jerry Kroll, officer. Company: Electrameccanica Vehicles Corp. (Nasdaq:SOLO). Shares owned: 1,825,614. Trade date: August 5, 6. Trade total: US$284,988. Trade: Sale of 83,697 shares at prices from US$3.38 US$3.43 per share.
The Past Week’s Notable Insider Buys Included AppLovin, Cricut, Biotechs And More (Benzinga)
In the latest of a number of purchases stretching back to late May, a Cricut Inc (CRCT) 10% owner picked up over 1.09 million more shares at prices ranging from $25.84 to $28.99 apiece. These latest purchases added up to almost $29.62 million. Note that some insiders sold more than 50,000 shares altogether late in the week as well. The B Riley Financial Inc (RILY) board chair, Bryant Riley, purchased 145,000 shares, and two other insiders also picked up 15,000 shares, last week. At $59.23 to $64.18 apiece, the cost for those shares totaled around $10.06 million altogether. Note that Riley also bought more than 24,000 shares in the previous week.
The Chief Operating Officer (CHESI) of Clean Harbors (NYSE: CLH) is Selling Shares (Analyst Ratings)
Today, the Chief Operating Officer (CHESI) of Clean Harbors (CLH), Eric Gerstenberg, sold shares of CLH for $1.8M. Following Eric Gerstenberg’s last CLH Sell transaction on August 21, 2020, the stock climbed by 40.0%. In addition to Eric Gerstenberg, 3 other CLH executives reported Sell trades in the last month. Based on Clean Harbors’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $926 million and quarterly net profit of $67.08 million.
