SEC Charges Additional Traders in International Insider Trading Scheme (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission charged two traders in connection with a long running international insider trading scheme. The traders allegedly generated profits of more than $4 million trading in the securities of U.S. public companies in advance of news that these companies had been targeted for acquisition. According to the SEC’s complaint filed in federal court in Manhattan, Tomer Feingold and Dov Malnik, both Israeli citizens who reside in Switzerland, participated in an international insider trading scheme between 2013 and 2015. The complaint alleges that Feingold and Malnik indirectly obtained nonpublic information about impending corporate transactions from Benjamin Taylor and Darina Windsor, London-based investment bankers, both of whom the SEC charged in October 2019.
Tuesday 3/10 Insider Buying Report: LOW, PNFP (Nasdaq.com)
At Lowe’s Companies, a filing with the SEC revealed that on Friday, CEO Marvin R. Ellison purchased 10,000 shares of LOW, for a cost of $103.86 each, for a total investment of $1.04M. Bargain hunters can snag LOW at a price even lower than Ellison did, with the stock changing hands as low as $95.05 in trading on Tuesday which is 8.5% under Ellison’s purchase price. Lowe’s Companies is trading up about 5% on the day Tuesday. Before this latest buy, Ellison made one other buy in the past twelve months, purchasing $950,538 shares for a cost of $95.05 each. And on Monday, Director David B. Ingram bought $855,496 worth of Pinnacle Financial Partners, buying 20,000 shares at a cost of $42.77 each. Before this latest buy, Ingram purchased PNFP on 2 other occasions during the past twelve months, for a total cost of $2.31M at an average of $53.69 per share. Pinnacle Financial Partners is trading up about 2.5% on the day Tuesday.
Dcp Midstream Lp (DCP) President & CEO Kempen Wouter T. Van Bought $497,940 of Shares (Guru Focus)
President & CEO of Dcp Midstream LP, Kempen Wouter T. Van, bought 64,500 shares of DCP on 03/10/2020 at an average price of $7.72 a share. The total cost of this purchase was $497,940. DCP Midstream LP is a midstream master limited partnership. It is engaged in gathering, compressing, treating, processing, transporting, storing and selling natural gas, Natural Gas Liquids and condensate.
The COB, CEO & Pres of Hexcel (NYSE: HXL) is Buying Shares (Analyst Ratings)
Today, the COB, CEO & Pres of Hexcel (HXL), Nick Stanage, bought shares of HXL for $1.12M. Following Nick Stanage’s last HXL Buy transaction on August 10, 2011, the stock climbed by 38.5%. This recent transaction increases Nick Stanage’s holding in the company by 8.22% to a total of $14.82 million.
A Director at Culp (NYSE: CULP) is Buying Shares (Analyst Ratings)
Today, a Director at Culp (CULP), Kenneth W. McAllister, bought shares of CULP for $8,150. This recent transaction increases Kenneth W. McAllister’s holding in the company by 3.2% to a total of $240.6K.
