Einhorn’s Greenlight Discloses Positions in Global Payments, Capri, Galapagos, ODP Corp. (Seeking Alpha)
David Einhorn‘s hedge fund Greenlight Capital disclosed positions in Global Payments (NYSE:GPN), Capri Holdings (NYSE:CPRI) Galapagos NV (NASDAQ:GLPG) and ODP Corp. (NASDAQ:ODP). The new positions were revealed in the funds Q4 letter to investors, according to a copy of the letter seen by Seeking Alpha. Greenlight also exited stakes in exited AerCap Holdings (NYSE:AER) after seven years, and FuboTV (NYSE:FUBO).
Two Years, Two Extremes for Brummer (Hedge Nordic)
Stockholm (HedgeNordic) – After recording its second-best annual performance on record in 2020, Brummer Multi-Strategy edged down 2.2 percent in 2021 to register its only third down year – albeit worst annual performance – in its 20-year history. The team running the multi-strategy hedge fund of Brummer & Partners has made structural improvements to reposition Brummer Multi-Strategy for “likely higher volatility and a larger degree of uncertainty in the macro environment.”
Wednesday 1/26 Insider Buying Report: ACC, MHD (Nasdaq.com)
On Friday, American Campus Communities’ Director, John T. Rippel, made a $519,970 buy of ACC, purchasing 10,000 shares at a cost of $52.00 a piece. American Campus Communities is trading up about 1.4% on the day Wednesday. This buy marks the first one filed by Rippel in the past twelve months. And also on Friday, Peter Hayes bought $307,366 worth of BlackRock MuniHoldings Fund, buying 20,000 shares at a cost of $15.37 a piece. BlackRock MuniHoldings Fund is trading up about 0.9% on the day Wednesday. So far Hayes is in the green, up about 1.6% on their purchase based on today’s trading high of $15.62.
Palantir’s Insider Selling Problem (Seeking Alpha)
Palantir’s insiders have sold roughly $2.2 billion worth of shares since the company’s direct listing. But there’s light at the end of the tunnel. Insider selling has been abysmally low in December and January. Palantir is looking attractively priced at the current levels and investors with a long-term time horizon may want to consider buying it on dips.
Check Out Insider Trades For Shift Technologies Inc. (SFT) Stock (Fosters Leader)
Shift Technologies Inc. (NASDAQ:SFT) saw a downside of -3.70% to close Tuesday at $2.08 after subtracting -$0.08 on the day. The 5-day average trading volume is 5,172,740 shares of the company’s common stock. It has gained $2.51 in the past week and touched a new high 2 times within the past 5 days. An average of 3,796,370 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,159,116.
Allegations of Insider Trading in Washington Spur New Efforts to Stop It (The Economist)
ATTENTION TO lawmakers’ finances is not new. What is surprisingly recent, however, is a ban on insider trading by Congress members. It was outlawed only in 2012, on the heels of the financial crisis, through the aptly named STOCK Act (Stop Trading on Congressional Knowledge). But as recent allegations of foul play show, the issue is far from resolved. Two newly introduced bills hope to put an end to it.
