Hedge Fund Legend Leon Cooperman is Investing in the Marijuana Industry – and it’s Another Sign the Sector is Heating Up (Business Insider UK)
Hedge fund billionaire Leon Cooperman is investing in the marijuana industry. He’s the biggest name so far to purchase stock directly in a marijuana cultivator. Cooperman posed a series of detailed questions to Green Thumb Industries (GTI) CEO Ben Kovler during the company’s Q2 earnings call on Tuesday afternoon. GTI is a publicly-traded chain of marijuana dispensaries, cultivators, and distributors with licenses to operate in a number of states where marijuana is legal.
The Cannibal of Sears (Axios.com)
Eddie Lampert, a billionaire Connecticut hedge fund manager, has been dismantling Sears piece by piece for 13 years. Driving the news: Now, critics say Lampert is on the verge of inflicting a death blow to the once-iconic, 125-year-old department store chain. He’s proposing to personally buy Sears’ last consequential piece – Kenmore appliances. Kenmore is a “final, egregious act to remove an asset from an estate that will eventually go bankrupt,” Mark Cohen, a former CEO of Sears Canada, tells Axios.
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Investing Guru Philip Hempleman Goes Hell for Leather on Advanced Micro Devices (AMD) and Alibaba (BABA) Stocks (SmarterAnalyst.com)
Philip J. Hempleman colloquially known as ‘Phil’ is the founding partner of Ardsley Partners and current Managing Partner. He oversees all investment activities- so no doubt he had a direct hand in the latest moves involving red-hot chip stock Advanced Micro Devices (NASDAQ:AMD) and Alibaba (NYSE:BABA). The hedge fund legend once managed portfolios for the Oppenheimer Target and Special Strategies, where the firm’s Target Fund became the strongest performing mutual fund from 1981 to 1982. This was before he turned to setting up his own fund back in 1987. Now, with assets under management of $895.315 million, Ardsley splits its investments across four key strategies. The most well-known is the long-biased flagship strategy.
Commentary: Bullish Hedge Fund Managers Continue to Pull Oil Positions (Reuters)
LONDON (Reuters) – Hedge fund managers continued to liquidate their bullish positions in crude and fuels, amid negative sentiment towards petroleum, before prices rallied sharply in the second half of last week. Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by another 49 million barrels in the week to Aug. 20. Fund managers have reduced their net long position in 13 of the last 18 weeks, by a total of 508 million barrels (36 percent), according to an analysis of records published by regulators and exchanges.
Insider Buying: Pure Bioscience, Inc. Common Stock (PURE) Director Buys 2,336,187 Shares of Stock (FairFieldCurrent.com)
Pure Bioscience, Inc. Common Stock (OTCMKTS:PURE) Director Tom Y. Lee acquired 2,336,187 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were purchased at an average cost of $0.45 per share, with a total value of $1,051,284.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: Sunrun Inc (RUN) Major Shareholder Buys 52,960 Shares of Stock (XNewsPress.com)
Sunrun Inc (NASDAQ:RUN) major shareholder Tiger Global Management LLC purchased 52,960 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was purchased at an average cost of $13.33 per share, for a total transaction of $705,956.80. The acquisition was disclosed in a legal filing with the SEC.
Dolby Laboratories, Inc. (NYSE:DLB) Insider Sells $967,200.00 in Stock (PressOracle.com)
Dolby Laboratories, Inc. (NYSE:DLB) insider Kevin J. Yeaman sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $64.48, for a total transaction of $967,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Arista Networks Inc (ANET) Insider Jayshree Ullal Sells 76,659 Shares (FairFieldCurrent.com)
Arista Networks Inc (NYSE:ANET) insider Jayshree Ullal sold 76,659 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $306.41, for a total value of $23,489,084.19. Following the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,167,115.69. The sale was disclosed in a document filed with the SEC.
Insider Buying: Forty Seven Inc (NASDAQ:FTSV) Major Shareholder Buys 67,500 Shares of Stock (XNewsPress.com)
Forty Seven Inc (NASDAQ:FTSV) major shareholder Peter Nieh purchased 67,500 shares of Forty Seven stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average price of $15.18 per share, with a total value of $1,024,650.00. The purchase was disclosed in a document filed with the SEC.
