Friday 6/5 Insider Buying Report: CME, FSFG (Nasdaq.com)
On Tuesday, CME Group’s Director, William R. Shepard, made a $137,315 buy of CME, purchasing 771 shares at a cost of $178.10 a piece. So far Shepard is in the green, up about 8.3% on their buy based on today’s trading high of $192.82. CME Group is trading up about 3.5% on the day Friday. And at First Savings Financial Group, there was insider buying on Monday, by Director Frank Czeschin who bought 3,000 shares for a cost of $40.97 each, for a trade totaling $122,900. Before this latest buy, Czeschin purchased FSFG at 2 other times during the past twelve months, for a total cost of $307,915 at an average of $58.18 per share. First Savings Financial Group is trading up about 2.2% on the day Friday. So far Czeschin is in the green, up about 12.2% on their buy based on today’s trading high of $45.97.
Live Nation Entertainment Inc (LYV) EVP & CFO Elizabeth Kathleen Willard Sold $3.6 million of Shares (Guru Focsus)
EVP & CFO of Live Nation Entertainment Inc., Elizabeth Kathleen Willard, sold 68,040 shares of LYV on 06/04/2020 at an average price of $53.53 a share. The total sale was $3.6 million. Live Nation Entertainment Inc is a live entertainment company, and a producer of live music concerts. It is involved in live music events, venue operations, and ticketing services. Live Nation Entertainment Inc has a market cap of $12.48 billion; its shares were traded at around $57.96 with and P/S ratio of 1.11.
The EVP of Central Pacific Financial (NYSE: CPF) is Buying Shares (Analyst Ratings)
Yesterday, the EVP of Central Pacific Financial (CPF), Arnold Martines, bought shares of CPF for $76.63K. Following this transaction Arnold Martines’ holding in the company was increased by 14.1% to a total of $594.5K. This is Martines’ first Buy trade following 3 Sell transactions.
SEC Obtains Judgment of More Than $30 Million Against Investment Adviser and Principal (HedgeCo.net)
HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment and more than $30 million in monetary relief in its action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment officer, Louis Navellier, of Florida. The Commission charged the defendants in federal district court in Massachusetts in August 2017 alleging that they breached their fiduciary duties and defrauded their advisory clients and prospective clients through the use of marketing materials that included false and misleading statements regarding the past performance of the firm’s Vireo AlphaSector investment strategies. The court previously granted partial summary judgment in favor of the SEC on February 13, 2020, holding that Navellier & Associates and Mr. Navellier violated the antifraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.
Campus Notebook: Former Rep. Chris Collins Prison Report Date Delayed Again (RollCall.com)
Former Rep. Chris Collins, who was sentenced to more than two years in federal prison in January for insider trading, will have his surrender date pushed back yet again due to the coronavirus pandemic. The New York Republican is set to report to FPC Pensacola on Aug. 18 to serve his 26-month sentence. The facility is a minimum security prison camp in Florida — about a nine-hour drive from his home in Marco Island, where his neighbor is former Speaker John A. Boehner.
