Billionaire Steven Cohen Flips the Script: Picking Up Facebook (FB) Stock, Tuning Out Roku (ROKU) (SmarterAnalyst.com)
Back in November, billionaire Steve Cohen predicted a bear market was approaching. The time frame he gave during an interview with the Financial Times (FT) was for it to come in 18 months. Did his prediction come early? Cohen’s remarks were spoken to the FT as his new hedge fund Point72 raised $5 billion since the firm opened its doors to outside investors. Cohen is said to have had a return of 30% per year since opening his firm SAC Capital Advisors in 1992. However, a 2012 insider trading scandal rocked the house and Cohen closed shop in 2016.
Ex-BlueCrest Manager to Start $800M Hedge Fund Focusing on Asia (Bloomberg)
Bloomberg’s Lisa Abramowicz discusses a big fund launch by Mohit Khurana, a former portfolio manager at BlueCrest Capital Management. She speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
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Sears Gets Last-Minute Bid From Chairman (TheStreet)
Sears Holdings Corp. (SHLDQ) — once famed for its iconic catalog and department stores — narrowly averted liquidating when Eddie Lampert, the retailer’s chairman, made a last-minute, $4.4 billion bid to buy and save the company. Lampert made the bid through his hedge fund, ESL Investments. No other official bid had appeared by Friday. ESL said the bid includes $1.3 billion in financing from three institutions. Reports said Bank of America Corp., Citigroup Inc. and Royal Bank of Canada would assist with the financing.Transform Holdco LLC, an affiliate of ESL Investments, said it would purchase 425 Sears stores, offering employment to up to 50,000 of the chain’s 68,000 current employees.
Och-Ziff Capital Management Group (OZM) Shares Scheduled to Reverse Split on Friday, January 4th (ModernReaders.com)
Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) are set to reverse split before the market opens on Friday, January 4th. The 1-10 reverse split was announced on Thursday, December 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 3rd.
Insider Buying: Scientific Games Corp (SGMS) Director Acquires 100,000 Shares of Stock (FairFieldCurrent.com)
Scientific Games Corp (NASDAQ:SGMS) Director Ronald O. Perelman purchased 100,000 shares of Scientific Games stock in a transaction that occurred on Friday, December 28th. The shares were acquired at an average price of $17.65 per share, with a total value of $1,765,000.00. Following the acquisition, the director now directly owns 88,032 shares of the company’s stock, valued at approximately $1,553,764.80. The purchase was disclosed in a document filed with the SEC.
Insider Buying: AllianceBernstein Holding LP (AB) Insider Buys 254,675 Shares of Stock (PressOracle.com)
AllianceBernstein Holding LP (NYSE:AB) insider Axa Equitable Holdings, Inc. purchased 254,675 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was acquired at an average price of $24.95 per share, for a total transaction of $6,354,141.25. The transaction was disclosed in a legal filing with the SEC.
Insider Buying: TRACON Pharmaceuticals Inc (NASDAQ:TCON) CEO Purchases 49,000 Shares of Stock (ModernReaders.com)
TRACON Pharmaceuticals Inc (NASDAQ:TCON) CEO Charles Theuer purchased 49,000 shares of TRACON Pharmaceuticals stock in a transaction that occurred on Friday, December 21st. The shares were bought at an average price of $0.66 per share, with a total value of $32,340.00. The acquisition was disclosed in a document filed with the SEC.
Insider Buying: Clearway Energy Inc (CWEN) Major Shareholder Purchases $2,200,033.08 in Stock (FairFieldCurrent.com)
Clearway Energy Inc (NYSE:CWEN) major shareholder Infrastructure Investor Global purchased 132,612 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were acquired at an average price of $16.59 per share, for a total transaction of $2,200,033.08. The acquisition was disclosed in a filing with the SEC.
Insider Selling: BioLife Solutions Inc (BLFS) CFO Sells 10,000 Shares of Stock (BaseballDailyDigest.com)
BioLife Solutions Inc (NASDAQ:BLFS) CFO Greef Roderick De sold 10,000 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $10.67, for a total value of $106,700.00. Following the completion of the transaction, the chief financial officer now directly owns 24,583 shares in the company, valued at approximately $262,300.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
