Public Company Sports Bettor Billy Walters Found Guilty of Insider Trading Files for Bankruptcy (Casino.org)
The public company sports bettor Billy Walters was found guilty of insider trading has filed for Chapter 11 bankruptcy. Dean Foods, the largest dairy company in the United States, credited a decades-long decline in milk consumption for its financial distress.
Pharma Scion in Trade Case Now Seeks $26 Million Bail (Bloomberg Quint)
(Bloomberg) — The son of a wealthy Greek pharmaceutical executive proposed an elaborate $26 million bail package to get out of a U.S. jail while he awaits trial over his alleged role in a global insider-trading ring. Telemaque Lavidas is one of six people accused in what prosecutors said was a scheme that generated tens of millions of dollars. Lavidas got inside tips about Ariad Pharmaceuticals Inc. from his father, Athanase Lavidas, a former Ariad board member and the chief executive of Lavipharm SA, and passed it to a friend who used the information to earn almost $2 million in profits, prosecutors said.
Only Thirteen Dow Components With Recent Insider Buying, CVX is One of Them (Forbes)
The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money – maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only thirteen companies have experienced such buying over the trailing six month period, one of which was Chevron, where an investment totaling $502.1K was made by Director Debra L. Reed.
A Director at Central Pacific Financial (NYSE: CPF) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Central Pacific Financial (CPF), John C. Dean, sold shares of CPF for $200.7K. In addition to John C. Dean, one other CPF executive reported Sell trades in the last month. Based on Central Pacific Financial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $64.05 million and quarterly net profit of $14.55 million.
Comscore +21.5% after Disclosing Round of Insider Buys (Seeking Alpha)
Comscore (NASDAQ:SCOR) has risen 21.5% in the wake of insider buys from its chairman as well as its newly named and recent CEOs. New chief executive Bill Livek bought more than $1M worth of shares in a series of purchases over the past week, according to an SEC filing. Including yesterday’s purchase of 56,454 shares (at an average price of $3.38), the moves bring Livek’s beneficial direct ownership to 735,829 shares.
Insider Trading: November 12, 2019 (BIV.com)
Insider Hugh Charles Wood, 10% owner. Company: Vecima Networks Inc. (TSX:VCM). Shares owned: 1,589,600. Trade date: October 31. Trade total: $1,880,000. Trade: Sale of 200,000 shares at a price of $9.40 per share. Insider Robert R. McEwen, 10% owner. Company: Great Bear Resources Ltd. (TSX-V:GBR). Shares owned: 2,685,346. Trade date: October 31, November 1. Trade total: $1,717,794. Trade: Sale of 244,700 shares at a price of $7.02 per share.
