Hedge-Fund Trader Sanjay Shah Now Faces German Cum-Ex Charges (Bloomberg)
Sanjay Shah, the founder of hedge-fund Solo Capital Partners LLP, was charged in Germany with money laundering over trades linked to the Cum-Ex tax scandal. Shah and six others were charged by Hamburg prosecutors, a spokeswoman for the authority said on Monday. She declined to identify the other suspects.
Insider Trading: March 15, 2021 (BIV.com)
Insider E. Lawrence Sauder, director, officer. Company: Interfor Corp. (TSX:IFP). Shares owned: 227,774. Trade date: Feb 25, 26. Trade total: $1,494,369. Trade: Sale of 53,200 shares at prices from $28.07 to $28.18 per share. Insider Lionel Terry Robins, director. Company: Cielo Waste Solutions Corp. (CNSX:CMC). Shares owned: 2,191,250. Trade date: Feb 25, 26. Trade total: $472,450. Trade: Sale of 859,000 shares at a price of $0.55 per share.
Last Week’s Notable Insider Buys: News Corp, Microsoft, Snowflake, Walmart And More (Benzinga)
With the earnings reporting season underway, plenty of insiders are now adding to their stakes. Here are some of the most noteworthy insider purchases that were reported in the past week. Snowflake Inc (SNOW) saw a 10% owner acquire over $39.31 million worth of shares this past week. That was more than 1.74 million shares costing between $219.61 and $235 apiece. Note that some other insiders sold more than 690,000 shares altogether last week as well. A beneficial owner at cloud company Fastly Inc (FSLY) stepped up to the buy window early last week. That owner indirectly added 500,000 shares to its stake. At prices that averaged $65.41 per share, that totaled more than $32.07 million. In addition, an executive shed over 14,000 shares last week as well.
Monday 3/15 Insider Buying Report: ICPT, DBX (Nasdaq.com)
At Intercept Pharmaceuticals, a filing with the SEC revealed that on Friday, Director Srinivas Akkaraju purchased 237,000 shares of ICPT, at a cost of $21.17 each, for a total investment of $5.02M. So far Akkaraju is in the green, up about 12.7% on their buy based on today’s trading high of $23.86. Intercept Pharmaceuticals Inc is trading up about 11.7% on the day Monday. And at Dropbox, there was insider buying on Wednesday, by Robert J. Mylod Jr. who purchased 100,000 shares for a cost of $24.59 each, for a trade totaling $2.46M. This buy marks the first one filed by Mylod Jr. in the past year. Dropbox is trading up about 3.4% on the day Monday. So far Mylod Jr. is in the green, up about 14.9% on their buy based on today’s trading high of $28.25.
Roblox Corp (RBLX) President & CEO David Baszucki Sold $83.9 million of Shares (Guru Focus)
President & CEO of Roblox Corp, David Baszucki, sold 1,300,000 shares of RBLX on 03/10/2021 at an average price of $64.5 a share. The total sale was $83.9 million. Roblox Corp has a market cap of $38.54 billion; its shares were traded at around $69.700000.
What Did This CEO Just Do with Personal Shares of Kaiser Aluminum (NASDAQ: KALU)? (Analyst Ratings)
On March 12, the President & CEO of Kaiser Aluminum (KALU), Keith Harvey, sold shares of KALU for $1.27M. Following Keith Harvey’s last KALU Sell transaction on March 14, 2018, the stock climbed by 28.7%. In addition to Keith Harvey, 5 other KALU executives reported Sell trades in the last month. The company has a one-year high of $129.81 and a one-year low of $50.49. Currently, Kaiser Aluminum has an average volume of 94.08K. KALU’s market cap is $1.98 billion and the company has a P/E ratio of 69.80.
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