Top U.S. VC Firms are Struggling to Find the Right Staff in Europe (CNBC)
LONDON — Some of America’s most successful venture capital firms have been finding it difficult to recruit people to lead their new European outposts, multiple industry sources have told CNBC. U.S. VC heavyweights including Sequoia Capital, Bessemer Venture Partners, Lightspeed Venture Partners and General Atlantic have all either opened new European offices or started notable expansions in the last 12 months.
Will Bitcoin Touch $1 Million? Billionaire Ray Dalio Doesn’t Think So (International Business Times)
Bitcoin might not touch $1 million, said billionaire Ray Dalio, an American hedge fund manager and investor who also served as the co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates. In an interview with Lex Fridman, a podcaster and a a computer scientist and AI researcher at MIT, Dalio said that he doesn’t see Bitcoin reaching $1 million per coin.
Monday 12/27 Insider Buying Report: RAD, NX (Nasdaq.com)
On Wednesday, Rite Aid’s CEO, Heyward R. Donigan, made a $199,960 buy of RAD, purchasing 14,350 shares at a cost of $13.93 a piece. Rite Aid is trading up about 0.2% on the day Monday. This buy marks the first one filed by Donigan in the past twelve months. And also on Wednesday, Director Jason Lippert purchased $119,000 worth of Quanex Building Products, purchasing 5,000 shares at a cost of $23.80 each. Before this latest buy, Lippert made one other purchase in the past twelve months, buying $117,000 shares at a cost of $23.40 a piece. Quanex Building Products is trading up about 1.5% on the day Monday. Lippert was up about 5.0% on the purchase at the high point of today’s trading session, with NX trading as high as $24.98 at last check today.
A Director at Mondelez International (NASDAQ: MDLZ) is Selling Shares (Analyst Ratings)
Today, a Director at Mondelez International (MDLZ), Fredric Reynolds, sold shares of MDLZ for $5.7M. Following Fredric Reynolds’ last MDLZ Sell transaction on August 10, 2015, the stock climbed by 24.0%. This is Reynolds’ first Sell trade following 4 Buy transactions. Based on Mondelez International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.18 billion and quarterly net profit of $1.26 billion.
Treace Medical Concepts Inc (TMCI) CEO John T. Treace Sold $1.4 million of Shares (Guru Focus)
CEO of Treace Medical Concepts Inc, John T. Treace, sold 81,670 shares of TMCI on 12/27/2021 at an average price of $16.72 a share. The total sale was $1.4 million.
ASIC Scrutinising 67 Super Fund Employees in Insider Trading Inquiry (AFR.com)
The corporate regulator is scrutinising investment switches made by 67 super fund workers as it considers whether to take fund employees to court for insider trading. The Australian Securities and Investments Commission has been investigating whether to take superannuation fund executives to court for moving their personal retirement savings out of unlisted assets before the investments were dramatically valued lower at the onset of the COVID-19 pandemic.
SEC Charges Five Russians in $80 Million Hacking and Trading Scheme (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The filing agents assist publicly traded companies with the preparation and filing of periodic reports with the SEC, including quarterly reports containing earnings information.
