Tuesday 4/28 Insider Buying Report: WBS, PBIP (Nasdaq.com)
On Friday, Webster Financial’s Director, William L. Atwell, made a $118,013 purchase of WBS, buying 5,000 shares at a cost of $23.60 each. So far Atwell is in the green, up about 18.0% on their buy based on today’s trading high of $27.86. Webster Financial Corp is trading up about 5.5% on the day Tuesday. This purchase marks the first one filed by Atwell in the past twelve months. And at Prudential Bancorp, there was insider buying on Friday, by Director Bruce E. Miller who purchased 8,500 shares for a cost of $11.15 each, for a trade totaling $94,775. Before this latest buy, Miller purchased PBIP at 2 other times during the past year, for a total cost of $27,191 at an average of $14.59 per share. Prudential Bancorp is trading up about 2.1% on the day Tuesday. So far Miller is in the green, up about 11.6% on their buy based on today’s trading high of $12.44.
Cyclo Therapeutics Inc (CTDH) CEO N Scott Fine Bought $73,003 of Shares (Guru Focus)
CEO of Cyclo Therapeutics Inc., N Scott Fine, bought 730,030 shares of CTDH on 04/24/2020 at an average price of $0.1 a share. The total cost of this purchase was $73,003. CTD Holdings Inc is engaged in marketing and sale of cyclodextrins (CD) and related products to food, pharmaceutical and other industries for use in diagnostics and specialty drugs with continuing growth in research and new product development.
The CFO, EVP of Cohen & Steers (NYSE: CNS) is Selling Shares (Analyst Ratings)
Today, the CFO, EVP of Cohen & Steers (CNS), Matthew Stadler, sold shares of CNS for $1.32M. Following Matthew Stadler’s last CNS Sell transaction on May 30, 2019, the stock climbed by 5.7%. In addition to Matthew Stadler, one other CNS executive reported Sell trades in the last month.
Former Apple Lawyer Fights Insider Trading Charges, Calling Them Unconstitutional (9to5mac.com)
Gene Levoff, Apple’s former director of corporate law and corporate security, continues to fight back against allegations of insider trading. Levoff was indicted back in October, and Bloomberg now reports that he’s asking for the indicted to be dismissed. Levoff was terminated from Apple in September of 2018 and was charged by the SEC a few months later before being released on $500,000 bail bond. He faces six counts of security fraud and six counts of wire fraud. The former Apple lawyer is said to have profited $227,000 on certain trades avoided losses of approximately $377,000 on others by using inside information from Apple, including unreleased financial results.
FCA Bans Insider Trader 7 Years After Conviction (FTAdviser.com)
The Financial Conduct Authority has banned a former equities dealer at Legal & General Investment Management seven years after he was sentenced to prison for insider trading. Paul Milsom pleaded guilty in January 2013 to insider dealing following a large-scale probe by the Financial Services Authority and two months later was sentenced at Southwark Crown Court to two years imprisonment. The former trader was convicted over 28 separate incidents of insider dealing during a 17-month period at Legal and General IM between October 2008 and March 2010.
