Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company (Business Insider)
Starbucks shares jumped by as much as 5% Tuesday on news that the hedge-fund billionaire Bill Ackman had bought a stake in the coffee retailer. According to CNBC’s Leslie Picker, Ackman disclosed the stake while presenting at the Grant’s Fall 2018 Conference in New York. He had previously announced a position worth about $800 million, or 10% of his hedge fund’s portfolio, in an undisclosed company in August.
Papa John’s Soars on Report Wendy’s Investor Trian Interested in Buying Embattled Pizza Chain (CNBC)
Shares of Papa John’s soared Tuesday after The Wall Street Journal reported that activist hedge fund Trian Fund Management, which has a 13 percent stake in Wendy’s, was considering a takeover bid for the embattled pizza chain. Papa John’s rose as much as 8.6 percent in morning trading Tuesday. The stock originally surged 16 percent in extended trading after the news broke Monday evening. The company’s been exploring a sale and struggling to recover from its very messy public battle with founder and former Chairman and CEO John Schnatter.
Phongphan/Shutterstock.com
Paul Singer May Or May Not Be Becoming A Nicer Person (DealBreaker)
Paul Singer has certainly been a busy boy this year. The busiest, if we’re counting by number of activist campaigns embarked upon. And at times, he’s very much sounded like his old self, as when telling people that Michael Dell’s plan to retake his company public in some way, shape or form is “pretty awful,” or in his epic takedown of all things cryptocurrent. But longtime Singerologists, such as myself, have noticed that the great man and his hedge fund, Elliott Management, has become somewhat less prone to immediately resorting to the cutting barb or army of holograms, and more likely to use words like “encouraging” and “world class,” the latter specifically about a brand that was setting setting people’s genitals on fire.
Tourbillion Capital Follows Highfields, Criterion in Hedge Fund Closures (CNBC)
CNBC’s Leslie Picker reports that Tourbillion founder Jason Karp is shutting down the hedge fund, the third fund to close in less than a week.
Insider Buying: vTv Therapeutics Inc (VTVT) Major Shareholder Purchases 1,879,699 Shares of Stock (XNewsPress.com)
vTv Therapeutics Inc (NASDAQ:VTVT) major shareholder Ronald O. Perelman acquired 1,879,699 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were acquired at an average price of $1.33 per share, for a total transaction of $2,499,999.67. The transaction was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: BioDelivery Sciences International, Inc. (BDSI) Director Sells 151,039 Shares of Stock (FairFieldCurrent.com)
BioDelivery Sciences International, Inc. (NASDAQ:BDSI) Director Francis E. Odonnell, Jr. sold 151,039 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $2.84, for a total value of $428,950.76. Following the completion of the sale, the director now owns 520,482 shares in the company, valued at approximately $1,478,168.88. The transaction was disclosed in a filing with the SEC.
Insider Selling: CarGurus Inc (CARG) Major Shareholder Sells 100,000 Shares of Stock (MareaInformativa.com)
CarGurus Inc (NASDAQ:CARG) major shareholder Argonaut 22 Llc sold 100,000 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $55.53, for a total transaction of $5,553,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Insider Selling: Franks International NV (FI) Director Sells 122,629 Shares of Stock (XNewsPress.com)
Franks International NV (NYSE:FI) Director Steven B. Mosing sold 122,629 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $8.37, for a total value of $1,026,404.73. Following the transaction, the director now directly owns 3,222,578 shares of the company’s stock, valued at approximately $26,972,977.86. The transaction was disclosed in a legal filing with the SEC.
Insider Selling: Natera Inc (NTRA) CEO Sells 212,001 Shares of Stock (MareaInformativa.com)
Natera Inc (NASDAQ:NTRA) CEO Matthew Rabinowitz sold 212,001 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $23.88, for a total transaction of $5,062,583.88. Following the sale, the chief executive officer now owns 1,170,073 shares of the company’s stock, valued at $27,941,343.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
