NEWSHedge Fund Company Sues Inside Trader’s Wife To Recover $$$ He Earned at Firm (The Jewish Voice)
In 2016, Sanjay Valvani was indicted by federal prosecutor for using private company information to swindle the stock market. Just days after he was indicted, Valvani committed suicide. His success at the Visium Asset Management company made him a health care industry star on Wall Street. Valvani graduated from Duke University and was at the firm to generate a substantial amount of money for his company. He emerged as Wall Street’s leading portfolio managers in the pharmaceutical sector.
SEBI Announces Rs 1 Crore Reward, Hotline Access For Informers Of Insider Trading (Bloomberg)
With an aim to uncover insider trading cases, the Securities and Exchange Board of India on Wednesday announced a new mechanism to reward informants with up to Rs 1 crore cash for any credible inside information through a specially created hotline and also proposed a possible amnesty or settlement for minor wrongdoings in return for cooperation in the probe. At a meeting held here, SEBI’s board approved a detailed set of rules for the new ‘Informant Mechanism’ under its Prohibition of Insider Trading Regulations.
Wednesday 8/21 Insider Buying Report: WTRH, CCO (Nasdaq.com)
At Waitr Holdings (WTRH), a filing with the SEC revealed that on Tuesday, Director Tilman J. Fertitta purchased 1,000,000 shares of WTRH, for a cost of $1.43 each, for a total investment of $1.43M. So far Fertitta is in the green, up about 26.2% on their buy based on today’s trading high of $1.80. Waitr Holdings is trading up about 18.1% on the day Wednesday. This buy marks the first one filed by Fertitta in the past year. And at Clear Channel Outdoor Holdings (CCO), there was insider buying on Friday, by Director Andrew W. Hobson who bought 200,000 shares for a cost of $2.32 each, for a total investment of $463,360. Clear Channel Outdoor Holdings is trading flat on the day Wednesday. So far Hobson is in the green, up about 17.6% on their purchase based on today’s trading high of $2.73.
Procter & Gamble Co (PG) CEO – Beauty R. Alexandra Keith Sold $7.6 million of Shares (Guru Focus)
CEO – Beauty of Procter & Gamble Co, R. Alexandra Keith, sold 62,930 shares of PG on 08/20/2019 at an average price of $119.98 a share. The total sale was $7.6 million. Procter & Gamble Co is a consumer goods company. The firm markets its products internationally through various channels which include mass merchandisers, grocery stores, membership club stores, drug stores, and department stores. Procter & Gamble Co has a market cap of $297.72 billion; its shares were traded at around $118.98 with a P/E ratio of 87.48 and P/S ratio of 4.59. The dividend yield of Procter & Gamble Co stocks is 2.46%.
A Director at Cincinnati Bell (NYSE: CBB) is Buying Shares (Analyst Ratings)
Today, a Director at Cincinnati Bell (CBB), Martin Yudkovitz, bought shares of CBB for $25K. Following this transaction Martin Yudkovitz’s holding in the company was increased by 15.39% to a total of $201.4K. Based on Cincinnati Bell’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $384 million and GAAP net loss of $5.5 million. In comparison, last year the company earned revenue of $297 million and had a GAAP net loss of $13.8 million.
