Moderna Officials Sold Shares, Made Millions on Virus Vaccine News (NewsMax.com)
Two executives at drug maker Moderna Inc. reportedly sold nearly $30 million of stock after the biotech company announced promising early results for its coronavirus vaccine and before the share price went down again. Moderna’s share price (MRNT) skyrocketed 30 percent Monday to a record-high $87 after it released promising results from its vaccine trial May 18, sparking hope that a vaccine could be available January, Reuters reported. Moderna’s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday, SEC filings reviewed by CNN Business show.
The Chief Operating Officer of SilverCrest Metals (NYSE MKT: SILV) is Selling Shares (Analyst Ratings)
Today, the Chief Operating Officer of SilverCrest Metals (SILV), Pierre Beaudoin, sold shares of SILV for $384K. In addition to Pierre Beaudoin, 2 other SILV executives reported Sell trades in the last month. Following Pierre Beaudoin’s last SILV Sell transaction on February 24, 2020, the stock climbed by 0.8%.
Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More (Benzinga)
Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week. Sysco: Activist investor Nelson Peltz and one other SYSCO Corporation (SYY) director each indirectly added 103,700 shares of this food services giant to their stakes. At per-share prices ranging from $50.29 to $52.27, that totaled more than $10.74 million altogether. Note that these two directors also purchased 600,000 shares each in the previous week. Sysco’s disappointing fiscal third-quarter earnings posted earlier this month were followed by lowered price targets. The stock ended last week’s trading at $51.75 per share, still within the above purchase price range. The share price is up more than 47% since its year-to-date low in March. Berkshire Hathaway: Berkshire Hathaway Inc. (NYSE: BRK-B) saw a director purchase nearly 1,000 shares of this Omaha-based conglomerate last week at $173.30 per share. The same director also bought eight of the class A shares via family trust. Those cost $261,002.63 apiece. The total for these transactions was more than $2.26 million.
What is Insider Trading? (Fox Business)
Insider trading is the illegal act of buying or trading stocks or securities based on information not known or available to the public. The U.S. Securities and Exchange Commission describes it generally as the “buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security.”
Insider Weekends: Moderna Executives Go On A Selling Spree (Seeking Alpha)
Insider buying decreased significantly last week. Notable Insider Buys: Mercury General Corporation, Cortexyme, Inc., New Mountain Finance Corporation, Berkshire Hathaway Inc., The Greenbrier Companies, Inc. Notable Insider Sells: Paycom Software, Inc., Activision Blizzard, Inc., Monster Beverage Corporation, IDEXX Laboratories, Inc., PayPal Holdings, Inc.
