World’s Biggest Listed Hedge Fund Firm Chief Makes Bitcoin Noob Mistakes Too (Crypto News)
The Cryptoverse is seeing yet another traditional financial boss making the very same greenhorn Bitcoin (BTC) mistakes that had been debated and debunked numerous times before, continuing the cycle of misinformation. And this time too it’s about – you guessed it – value and scarcity. The focus of the ‘we’ve-been-here-before’ criticism this time around is Luke Ellis, the CEO of the world’s biggest publicly traded hedge fund firm Man Group.
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Insider Trading: July 26, 2021 (BIV.com)
Insider Eric S. Sprott, 10% owner. Company: New Found Gold Corp. (TSX:NFG). Shares owned: 28,301,200. Trade date: July 9, 12, 13. Trade total: $679,400. Trade: Acquisition of 60,000 shares at prices from $11.21 to $11.47 per share. Insider Patrick Cole, officer. Company: Amanda Mercantile Ltd. (CVE:AARM). Shares owned: 280,000. Trade date: July 13. Trade total: US$280,000. Trade: Sale of 1,000,000 shares at a price of US$0.28 per share.
The Past Week’s Most Notable Insider Buys: Blackstone, Cricut, Fast Acquisition And More (Benzinga)
Acutus Medical: Early last week, two Acutus Medical Inc (AFIB) directors took advantage of a public offering of common stock priced at $14 a share. The more than 2.14 million shares they indirectly purchased altogether totaled nearly $30.0 million. As one director has a stake of over 3.4 million shares and the other’s stake is more than 4.87 million, each is a beneficial owner as well. Fast Acquisition: Special purpose acquisition company (SPAC) Fast Acquisition Corp (FST) saw a beneficial owner return to the buy window last week. At $11.30 to $12.19 per share, the 532,000 shares most recently acquired totaled more than $6.20 million. Note that this owner has purchased more than $16 million worth of the stock since the beginning of July and has a stake of over 3.37 million shares.
Monday 7/26 Insider Buying Report: HCWB, PYCR (Nasdaq.com)
On Thursday, HCW Biologics’s Chief Executive Officer, Hing C. Wong, made a $5.02M purchase of HCWB, buying 627,500 shares at a cost of $8.00 each. Bargain hunters can grab HCWB at a price even lower than Wong did, with shares changing hands as low as $5.01 at last check today which is 37.4% below Wong’s purchase price. Hcw Biologics Inc is trading down about 0.4% on the day Monday. This purchase marks the first one filed by Wong in the past twelve months. And at Paycor, there was insider buying on Friday, by Chief Revenue Officer Charles Steven Mueller who purchased 55,000 shares at a cost of $23.00 each, for a trade totaling $1.27M. This buy marks the first one filed by Mueller in the past twelve months. Paycor is trading up about 0.3% on the day Monday. Mueller was up about 21.7% on the buy at the high point of today’s trading session, with PYCR trading as high as $27.99 in trading on Monday.
An Insider at Group 1 Automotive (NYSE: GPI) is Selling Shares (Analyst Ratings)
Yesterday, an Insider at Group 1 Automotive (GPI), Max Watson, sold shares of GPI for $2.25M. Following Max Watson’s last GPI Sell transaction on October 30, 2019, the stock climbed by 51.8%. Based on Group 1 Automotive’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.01 billion and quarterly net profit of $102 million.
