Millennium Management LLC Acquires 508,805 Shares of FedEx Co. (NYSE:FDX) (TheEnterpriseLeader.com)
Millennium Management LLC raised its holdings in shares of FedEx Co. (NYSE:FDX) by 2,287.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,046 shares of the shipping service provider’s stock after purchasing an additional 508,805 shares during the quarter. Millennium Management LLC’s holdings in FedEx were worth $77,304,000 as of its most recent SEC filing.
SEC Revokes Registration of Adviser Engaged in $60 Million Fraud (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients. The SEC’s complaint, filed on Nov. 21, 2019, in federal court in New York, alleges that IIG grossly overstated the value of defaulted loans in the fund’s portfolio to conceal losses in its flagship hedge fund. In an effort to continue its deception, IIG allegedly doctored the firm’s records to show that the defaulted loans had been repaid and that the proceeds had been used to make new loans, when in fact there had been no repayment and the purported new loans were fake.
A Rare Insider Trading Signal is Happening Right Now (Nasdaq.com)
What do Elon Musk and Mary Dillon have in common? Both are CEOs who have bought shares of their own companies just before the share prices moved higher. You have probably heard of Elon Musk, the CEO of Tesla. In 2013, he made a big statement by buying over a million shares of Tesla stock for $100 million even though he already had plenty of shares. Musk went out on the limb even further, as he had to borrow the money from Goldman Sachs to buy the shares. He used his previous holdings in Tesla, and stakes in other companies, as collateral. Since then, shares of Tesla are up over 190%.
Cognex Corp (CGNX) CEO& President Robert Willett Sold $5 million of Shares (Guru Focus)
CEO& President of Cognex Corp., Robert Willett, sold 100,000 shares of CGNX on 11/26/2019 at an average price of $50.49 a share. The total sale was $5 million. Cognex Corp is a provider of machine vision products that capture and analyze visual information in order to automate tasks in manufacturing processes. Its products are used to automate the manufacture and tracking of discrete items.
Cherry Ex-CEO Anders Holmgren Beats Insider Trading Charges (CalvinAyre.com)
Online gambling operator Cherry AB’s former CEO has been acquitted on the insider trading charges that resulted in his dismissal last year. In May 2018, Swedish online gambling operator Cherry AB sacked its then-CEO Anders Holmgren after he was arrested on charges of ‘severe’ illegal insider trading. Holmgren was accused of snapping up 200k Cherry shares worth around $1.4m between the company’s November 2017 profit warning and its April 2018 announcement that its Q1 results were “better than anticipated.”
What Did This CEO Just Do with Personal Shares of Post Holdings (NYSE: POST)? (Analyst Ratings)
Today, the PRESIDENT & CEO of Post Holdings (POST), Robert Vitale, sold shares of POST for $1.62M. Following Robert Vitale’s last POST Sell transaction on February 07, 2018, the stock climbed by 31.4%. This is Vitale’s first Sell trade following 3 Buy transactions.
