The President & COO of Nexstar Media Group (NASDAQ: NXST) is Selling Shares (Analyst Ratings)
On September 24, the President & COO of Nexstar Media Group (NXST), Thomas Carter, sold shares of NXST for $385.5K. Following Thomas Carter’s last NXST Sell transaction on March 23, 2021, the stock climbed by 10.4%. In addition to Thomas Carter, 5 other NXST executives reported Sell trades in the last month. Based on Nexstar Media Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.13 billion and quarterly net profit of $200 million.
Warren Buffett has Dumped Banks and Placed Surprising Bets on Japanese and Pharma Stocks. Veteran Professor Erik Gordon Analyzes the Investor’s Strategy, and Explains Why He Embraced Apple. (Business Insider)
Veteran professor Erik Gordon analyzed Warren Buffett’s surprising moves during the pandemic, explained why the tech-skeptical investor embraced Apple, and discussed Bill Ackman and Michael Burry in a recent interview with Insider. Gordon, a professor at the University of Michigan’s Ross School of Business, counts hedge funds, financial markets, and technology among his research interests.
Chinese Australian Man Sentenced to 7 ½ Years in Prison for Crypto Hedge Fund Fraud (The Epoch Times)
New York-based cryptocurrency hedge fund manager Stefan He Qin was sentenced to seven and a half years in prison for fraud on Sept. 15. U.S. District Judge Valerie E. Caproni also ordered the confiscation of $54,793,532. The 24-year-old Qin was accused of misreporting the proceeds of the $90 million fund he managed and embezzled investor funds to pay for his extravagant living expenses.
Insider Trading: September 27, 2021 (BIV)
Insider Pierre Lassonde, 10% owner. Company: Prime Mining Corp. (TSX-V:PRYM). Shares owned: 10,670,978. Trade date: September 13. Trade total: $4,170,000. Trade: Acquisition of 1,000,000 shares at a price of $4.17 per share. Insider Peter Lawrence Gianulis, director. Company: Orea Mining Corp. (TSX:OREA). Shares owned: 1,095,000. Trade date: September 10. Trade total: $115,000. Trade: Sale of 500,000 shares at a price of $0.23 per share.
Monday 9/27 Insider Buying Report: EVRG, ADC (Nasdaq.com)
On Thursday, Evergy’s CEO, David A. Campbell, made a $499,699 purchase of EVRG, buying 7,850 shares at a cost of $63.66 each. Evergy is trading up about 1.6% on the day Monday. Before this latest buy, Campbell made one other buy in the past year, purchasing $529,195 shares at a cost of $52.92 a piece. And on Friday, CEO Joey Agree bought $247,945 worth of Agree Realty, buying 3,670 shares at a cost of $67.56 each. Before this latest buy, Agree purchased ADC at 2 other times during the past twelve months, for a total investment of $1.51M at an average of $64.98 per share. Agree Realty is trading up about 0.8% on the day Monday.
Notable Hyliion Holdings Insider Makes $1.68 Million Sale (Benzinga)
Thomas J Healy, Chief Executive Officer at Hyliion Holdings (NYSE:HYLN), made a large insider sell on September 22, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Healy sold 200,000 shares of Hyliion Holdings at a price of $8.41. The total transaction amounted to $1,682,980.
