Mets sale: Sheldon Adelson can push Josh Harris-David Blitzer bid ahead of Steve Cohen, Alex Rodriguez-Jennifer Lopez (MSN)
Two days ago, a new name was dropped into the conversation regarding the sale of the New York Mets: billionaire casino mogul Sheldon Adelson. Some speculated he was the mystery fourth bidder, joining hedge fund manager Steve Cohen, as well as a group led by ex-New York Yankees slugger Alex Rodriguez and fiancee Jennifer Lopez, and the duo of Josh Harris and David Blitzer, who own the New Jersey Devils and Philadelphia 76ers. Others thought Adelson, along with private equity giant Silver Lake Partners, might be coming on board to push the Harris-Blitzer offer over the finish line. After all, Adelson is worth almost $31 billion. Silver Lake is worth $43 billion. That money, when combined with that of Harris and Blitzer, would create a group with massively deep pockets which could outbid Cohen, who’s worth $11 billion.
“From Hope to Worry”: Positive Market Movements Still Hinge on Vaccine Progress, Says BlueBay (Hedge Week)
BlueBay Asset Management, the London-based fixed income and emerging markets manager, is warning the recent uptick in economic activity could give way to “a more difficult backdrop” in August, as the future direction of the global economy continues to hinge heavily on developments surrounding a potential coronavirus vaccine. BlueBay chief investment officer Mark Dowding said recent economic data showed a “more rapid bounce” during May and June than many predicted following the Covid-19 lockdown.
Friday 7/17 Insider Buying Report: BCLI, PRSP (Nasdaq.com)
On Wednesday, Brainstorm Cell Therapeutics’s Director, Sankesh Abbhi, made a $607,659 buy of BCLI, purchasing 46,779 shares at a cost of $12.99 a piece. Abbhi was up about 9.3% on the purchase at the high point of today’s trading session, with BCLI trading as high as $14.20 at last check today. Brainstorm Cell Therapeutics is trading up about 4.8% on the day Friday. This buy marks the first one filed by Abbhi in the past year. And also on Wednesday, Director, CEO John M. Curtis bought $403,237 worth of Perspecta, buying 18,354 shares at a cost of $21.97 a piece. This buy marks the first one filed by Curtis in the past year. Perspecta is trading up about 3.8% on the day Friday. Curtis was up about 8.2% on the buy at the high point of today’s trading session, with PRSP trading as high as $23.77 in trading on Friday.
Novanta Inc (NOVT) CFO Robert Buckley Sold $1 million of Shares (Guru Focus)
CFO of Novanta Inc, Robert Buckley, sold 9,564 shares of NOVT on 07/15/2020 at an average price of $104.92 a share. The total sale was $1 million. Novanta Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical, industrial, electronics and scientific markets.
A Major Shareholder at Addvantage Technologies Group (NASDAQ: AEY) is Selling Shares (Analyst Ratings)
Yesterday, a Major Shareholder at Addvantage Technologies Group (AEY), Susan Chymiak, sold shares of AEY for $756.4K. In addition to Susan Chymiak, one other AEY executive reported Sell trades in the last month. Currently, Addvantage Technologies Group has an average volume of 311.01K. The company has a one-year high of $6.49 and a one-year low of $1.50. Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities.
Wells Fargo Extends Insider Trader Restrictions to More Employees (AmericanBanker.com)
Wells Fargo is applying internal rules aimed at preventing insider trading to a larger slice of its workforce, citing regulatory scrutiny and the challenges in tracking which workers may come into contact with potentially market-moving information. In recent weeks, the $1.95 trillion-asset bank has notified certain commercial banking employees who were not previously subject to the policy that they will be in the future. The policy requires covered employees to disclose to Wells Fargo any trading accounts that are in their own names, as well as any trading accounts maintained by their spouses, domestic partners and dependent children.
Paycom Software Inc (PAYC) CFO Craig E. Boelte Sold $2.3 million of Shares (Guru Focus)
CFO of Paycom Software Inc, Craig E. Boelte, sold 8,000 shares of PAYC on 07/15/2020 at an average price of $293.26 a share. The total sale was $2.3 million. Paycom Software Inc is a provider of cloud-based HCM software solution delivered as Software-as-a-Services. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.
