Ray Dalio Has a Point About Bitcoin At $18,000 (Bloomberg)
Mike Novogratz, famous for making the jump from Wall Street to cryptocurrencies, has regularly drawn a link between the global pandemic, financial stimulus and the allure of Bitcoin as a safe haven. “Now is the time to invest in Bitcoin,” his crypto firm Galaxy Digital Holdings Ltd. thundered in a newspaper ad in August. “I’d be much more nervous [about a price drop] if I thought we’re going to cure Covid and all of a sudden everyone’s going to be fiscally conservative,” Novogratz said at the time.
Lone Pine Sticks with Big Shopify Bet, Adds Square and Dumps Zoom – Check Out the Highlights (CNBC)
Lone Pine Capital continued to build out its portfolio concentrated in e-commerce and technology bets in the third quarter. Founded by billionaire hedge fund manager Stephen Mandel, Lone Pine released its positions from the end of the third quarter, showing a fund with more than $23 billion in equity positions.
Wednesday 11/18 Insider Buying Report: GSKY, SSSS (Nasdaq.com)
At GreenSky, a filing with the SEC revealed that on Friday, CEO and Chairman of the Board David Zalik bought 1,105,220 shares of GSKY, at a cost of $3.47 each, for a total investment of $3.83M. So far Zalik is in the green, up about 21.1% on their buy based on today’s trading high of $4.20. GreenSky is trading up about 11.4% on the day Wednesday. This purchase marks the first one filed by Zalik in the past year. And on Tuesday, CEO and President Mark D. Klein purchased $990,252 worth of Suro Capital, purchasing 99,661 shares at a cost of $9.94 each. Before this latest buy, Klein purchased SSSS on 4 other occasions during the past year, for a total investment of $252,419 at an average of $7.03 per share. Suro Capital is trading up about 1.9% on the day Wednesday. So far Klein is in the green, up about 8.2% on their buy based on today’s trading high of $10.75.
Tyler Technologies Inc (TYL) President and CEO H Lynn Jr Moore Sold $4.1 million of Shares (Guru Focus)
President and CEO of Tyler Technologies Inc., H Lynn Jr Moore, sold 10,000 shares of TYL on 11/16/2020 at an average price of $412.28 a share. The total sale was $4.1 million. Tyler Technologies Inc is a provider of integrated information management solutions and services to address the information technology needs in areas of operations for cities, counties, schools and other local government entities.
The VP, GEN COUNSEL & CORP SEC of Ball (NYSE: BLL) is Selling Shares (Analyst Ratings)
Yesterday, the VP, GEN COUNSEL & CORP SEC of Ball Corporation (NYSE: BLL), Charles E. Baker, sold shares of BLL for $3.82M. Following Charles E. Baker’s last BLL Sell transaction on September 03, 2020, the stock climbed by 13.9%. In addition to Charles E. Baker, 8 other BLL executives reported Sell trades in the last month.
Charles Schwab Corp (SCHW) EVP – Advisor Services Bernard J. Clark Sold $4.9 million of Shares (Guru Focus)
EVP – Advisor Services of Charles Schwab Corp., Bernard J. Clark, sold 101,188 shares of SCHW on 11/17/2020 at an average price of $48.83 a share. The total sale was $4.9 million. Charles Schwab Corp through its subsidiaries provides retail brokerage and banking, retirement plan, and other corporate brokerage services. The company’s operating business segments are Investor Services and Advisor Services.
