Thursday 5/14 Insider Buying Report: PCB, LKFN (Nasdaq.com)
On Tuesday, PCB Bancorp’s , Daniel Cho, made a $484,229 buy of PCB, purchasing 53,364 shares at a cost of $9.07 each. Bargain hunters are able to pick up PCB even cheaper than Cho did, with shares changing hands as low as $8.40 at last check today which is 7.4% below Cho’s purchase price. PCB Bancorp is trading up about 1.3% on the day Thursday. Before this latest buy, Cho purchased PCB at 2 other times during the past year, for a total investment of $328,503 at an average of $8.97 per share. And on Wednesday, Director M. Scott Welch bought $359,211 worth of Lakeland Financial, buying 10,000 shares at a cost of $35.92 each. Before this latest buy, Welch purchased LKFN at 4 other times during the past twelve months, for a total investment of $1.27M at an average of $39.77 per share. Lakeland Financial is trading trading flat on the day Thursday.
A Director at Quidel (NASDAQ: QDEL) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Quidel (QDEL), Kenneth Buechler, sold shares of QDEL for $1M. Following Kenneth Buechler’s last QDEL Sell transaction on May 07, 2020, the stock climbed by 25.1%. In addition to Kenneth Buechler, one other QDEL executive reported Sell trades in the last month.
Inphi Corp (IPHI) President & CEO Ford Tamer Sold $3.3 million of Shares (Guru Focus)
President & CEO of Inphi Corp., Ford Tamer, sold 30,000 shares of IPHI on 05/13/2020 at an average price of $109.97 a share. The total sale was $3.3 million. Inphi Corp is engaged in designing, development and sale of high-speed analog connectivity components that operate to maintain, amplify and improve signal integrity in a wide variety of applications. Inphi Corp has a market cap of $5.02 billion; its shares were traded at around $104.12 with and P/S ratio of 11.25.
Burr Stepping Down as Chair of Intelligence Panel Amid Probe (Bloomberg)
(Bloomberg) — Republican Senator Richard Burr is temporarily stepping down as chairman of the Intelligence Committee amid a federal investigation into whether he sold stocks as a result of secret briefings on the threat of the coronavirus pandemic. “Senator Burr contacted me this morning to inform me of his decision to step aside as chairman of the Intelligence Committee during the pendency of the investigation,” Senate Majority Leader Mitch McConnell said in a statement. “We agreed that this decision would be in the best interests of the committee and will be effective at the end of the day tomorrow.”
Aurobindo, Promoters Settle Insider Trading Case with Sebi (TheHansIndia.com)
New Delhi: Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani, and three other entities have settled an alleged insider trading case with markets regulator Sebi after paying over Rs 22 crore towards settlement charges. The three other entities that have settled the matter with the regulator are Kambam P Reddy, Trident Chemphar Ltd and Veritaz Health Care Ltd. “The pending enforcement proceedings for the alleged defaults are settled,” Sebi said in a settlement order dated May 6.
