SEBI Plans Up To Rs 1 Crore Reward, Hotline Access For Informers Of Insider Trading (Bloomberg)
Any information on insider trading in the stock market can get the informant a reward of up to Rs 1 crore from the Securities and Exchange Board of India. The capital markets regulator has prepared a detailed set of rules for a new Informant Mechanism under its Prohibition of Insider Trading Regulations and it would be presented for its board’s approval later this month, officials said. An informant would also get a hotline for sharing details to ensure confidentiality and a possible amnesty or settlement for minor wrongdoings in return for cooperation in the probe.
Amazon.com Inc (AMZN) Chairman, CEO and President Jeffrey P Bezos Sold $677.2 million of Shares (Guru Focus)
Chairman, CEO and President of Amazon.com Inc, Jeffrey P Bezos, sold 360,498 shares of AMZN on 08/02/2019 at an average price of $1878.39 a share. The total sale was $677.2 million. Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets. Amazon.com Inc has a market cap of $877.21 billion; its shares were traded at around $1773.37 with a P/E ratio of 73.58 and P/S ratio of 3.53. Amazon.com Inc had annual average EBITDA growth of 33.80% over the past ten years.
Tuesday 8/6 Insider Buying Report: F, LNDC (Nasdaq.com)
On Thursday, Ford Motor Co. (F)’s Exec. Chairman and Chairman, William Clay Ford Jr., made a $8M purchase of F, buying 840,962 shares at a cost of $9.51 a piece. Investors have the opportunity to pick up F at a price even lower than Ford Jr. did, with shares trading as low as $9.36 in trading on Tuesday – that’s 1.6% under Ford Jr.’s purchase price. Ford Motor Co. is trading up about 1.9% on the day Tuesday. And at Landec Corp. (LNDC), there was insider buying on Friday, by Director Nelson Obus who bought 20,000 shares for a cost of $10.72 each, for a total investment of $214,400. Before this latest buy, Obus bought LNDC at 5 other times during the past twelve months, for a total investment of $1.25M at an average of $11.08 per share. Landec Corp. is trading up about 0.5% on the day Tuesday.
Altair Engineering Inc (ALTR) CEO James Ralph Scapa Sold $3.7 million of Shares (Guru Focus)
CEO of Altair Engineering Inc, James Ralph Scapa, sold 90,000 shares of ALTR on 08/02/2019 at an average price of $40.65 a share. The total sale was $3.7 million. Altair Engineering Inc is a provider of enterprise-class engineering software. It also provides services related to its software including consulting, training, implementation services, and support, along with technical services for product development.
The General Counsel of Carlyle Group (NASDAQ: CG) is Selling Shares (Analyst Ratings)
Yesterday, the General Counsel of Carlyle Group (CG), Jeffrey Ferguson, sold shares of CG for $822.8K. In addition to Jeffrey Ferguson, 3 other CG executives reported Sell trades in the last month. Based on Carlyle Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.05 billion and quarterly net profit of $154 million.
