Wednesday 4/1 Insider Buying Report: MAC, CBRL (Nasdaq.com)
On Tuesday, Macerich’s President, Edward C. Coppola, made a $411,457 buy of MAC, purchasing 70,000 shares at a cost of $5.88 each. Investors can grab MAC even cheaper than Coppola did, with the stock trading as low as $5.05 at last check today — that’s 14.1% under Coppola’s purchase price. Macerich is trading off about 8.3% on the day Wednesday. Before this latest buy, Coppola purchased MAC on 9 other occasions during the past twelve months, for a total cost of $2.27M at an average of $25.21 per share. And at Cracker Barrel Old Country Store, there was insider buying on Monday, by Carl T. Berquist who bought 3,000 shares at a cost of $74.34 each, for a trade totaling $223,009. Cracker Barrel Old Country Store is trading down about 12% on the day Wednesday.
Citrix Systems Inc (CTXS) CEO & PRESIDENT David J Henshall Sold $809,649 of Shares (Guru Focus)
CEO & PRESIDENT of Citrix Systems Inc., David J Henshall, sold 5,730 shares of CTXS on 03/30/2020 at an average price of $141.3 a share. The total sale was $809,649. Citrix Systems Inc provides virtualization, networking and cloud infrastructure solutions. It provides a complete and integrated portfolio of application delivery, virtualization, mobility, network delivery and file sharing solutions.
Sen. Loeffler Dumped $19 Million In Shares After Coronavirus Intel Briefing (Forbes)
Topline: Georgia Republican Senator Kelly Loeffler disclosed Tuesday that millions of dollars more in stock were sold on her behalf while Congress was in crisis mode for coronavirus, the latest in a series of accusations that she and a group of senators engaged in insider trading to profit off the pandemic. Loeffler’s husband, Jeff Sprecher, is Intercontinental’s CEO, while she is a former executive; the company owns the New York Stock Exchange and other marketplaces. The disclosures, first reported by the Atlanta Journal-Constitution, were filed March 31, according to a government database of U.S. Senate financial disclosures, and happened after an intel briefing for senators on the outbreak.
Former Investment Banker Found Liable in International Insider Trading Scheme (HedgeCo.net)
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Bryan Cohen, a former executive at a global investment bank who was charged with misappropriating confidential information he obtained through his position at the bank. On October 18, 2019, the Commission charged Cohen with securities fraud for his participation in an international insider trading scheme. The complaint alleged that Cohen obtained nonpublic information about potential corporate acquisitions of Syngenta AG and Buffalo Wild Wings, Inc., each of whom had engaged his then-employer to provide related advisory services. According to the complaint, Cohen misappropriated this highly confidential information by tipping a trader based in Switzerland, who further tipped defendant George Nikas.
