Final Defendant Sentenced in Insider Trading Case (MassDevice.com)
Federal prosecutors have wrapped up an insider trading case based on alleged tips from a Bank of America consultant on pending corporate transactions, including Abbott‘s (NYSE:ABT) $25 billion acquisition of St. Jude Medical. Rodolfo Sablon, 39, of Miami, Fla., was sentenced Friday to six months in prison for his role in the insider trading scheme based on tips from Bank of America technical consultant Daniel Rivas. U.S. District Judge Alison Nathan also sentenced Sablon to two years of supervised release, including six months in a community confinement center, and ordered him to pay $923,566 in forfeiture and a $5,000 fine. Sablon pleaded guilty in July 2018 to conspiracy to commit securities fraud and fraud.
Monday 4/8 Insider Buying Report: GAIA, NTWK (Nasdaq.com)
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. At Gaia, a filing with the SEC revealed that on Thursday, Director Paul Howard Sutherland bought 3,500 shares of GAIA, for a cost of $9.03 each, for a total investment of $31,603. Sutherland was up about 7.3% on the purchase at the high point of today’s trading session, with GAIA trading as high as $9.69 at last check today. Gaia is trading down about 5% on the day Monday. Before this latest buy, Sutherland bought GAIA at 3 other times during the past twelve months, for a total cost of $56,867 at an average of $9.32 per share.
Insider Weekends: President Of New Spinoff Purchases $4 Million Worth Of Shares (Seeking Alpha)
Insider buying declined significantly last week. Notable Insider Buys: Cyclerion Therapeutics, Inc., Revlon, Inc., Walgreens Boots Alliance, Inc., Hyster-Yale Materials Handling, Inc., and Costco Wholesale Corporation. Notable Insider Sales: Facebook, Inc., CarGurus, Inc., Palo Alto Networks, Inc., The Southern Company, and GoPro, Inc. Insider buying declined significantly last week with insiders purchasing $27.16 million of stock compared to $79.08 million in the week prior. Selling also declined sharply with insiders selling $747.39 million of stock last week compared to $1.87 billion in the week prior.
Insider Buys Of The Week: Costco, Walgreens, Revlon (Benzinga)
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. The following is a look at a few notable insider purchases reported in the past week. Revlon: Revlon Inc REV 0.28% saw a director return to the buy window again last week. At $19.05 to $21.59 apiece, the 180,000 shares acquired via trust totaled nearly $3.7 million. That brought their stake up to more than 46 million shares, which compares with more than 56 million shares listed as outstanding.
Linde PLC (NYSE:LIN) Executives are Making Moves with Their Shares (AnalystRatings)
Today, the CFO of Linde plc (LIN), Matthew White, sold shares of LIN for $6.16M. Following Matthew White’s last LIN Sell transaction on February 05, 2019, the stock climbed by 20.5%. In addition to Matthew White, one other LIN executive reported Sell trades in the last month. Based on Linde plc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $5.82 billion and quarterly net profit of $2.98 billion. In comparison, last year the company earned revenue of $3 billion and had a net profit of $462 million. Currently, Linde plc has an average volume of 662.6K. LIN’s market cap is $101B and the company has a P/E ratio of 16.37.
