The COO of AvalonBay (NYSE: AVB) is Buying Shares (Analyst Ratings)
Today, the COO of AvalonBay (AVB), Sean Breslin, bought shares of AVB for $201.1K. Following Sean Breslin’s last AVB Buy transaction on May 06, 2019, the stock climbed by 13.6%. This recent transaction increases Sean Breslin’s holding in the company by 4.27% to a total of $7.65 million.
Rothschild Aided Czech Billionaire in ‘Fraud,’ Hedge Fund Claims (Bloomberg)
Financial advisor Rothschild & Co. was sued in the U.S. for allegedly helping the Czech property billionaire Radovan Vitek secretly acquire controlling shares in a real-estate development company in what a New York hedge funds says amounted to a $1 billion fraud. Rothschild helped Vitek quietly take control of Luxembourg-based Orco Property Group so the billionaire could strip it of its most valuable assets, according to an amended suit filed Nov. 22 in Manhattan by Kingstown Capital Management LP, which says it held a “substantial” stake in Orco.
Arconic Replaces CEO in Slap to Hedge Fund Elliott Management (StockDailyDish.com)
Activist hedge fund Elliott Management suffered a setback in its push to sell aluminum company Arconic following an unexpected C-Suite reshuffling that ousted a major Elliott ally, sources told The Post. The New York aluminum parts company Wednesday announced that its chairman, John Plant, 65, is taking over as chief executive – replacing Elliott ally Charles “Chip” Blankenship, who held the top spot since January 2018. Arconic quietly voted to fire Blankenship in an effort to protect the troubled company against another proxy contest with Elliott, which launched the fight that booted the company’s previous CEO in 2017, a source said. “If the board is going to validate a decision not to sell, the board probably would want to fire Chip,” the shareholder said. “Elliott really liked Chip and thought he was the right person to fix these assets,” said an Arconic analyst who requested anonymity.
Mettler-toledo International Inc (MTD) President and CEO Oliver A Filliol Sold $8.1 million of Shares (Guru Focus)
President and CEO of Mettler-toledo International Inc., Oliver A Filliol, sold 11,499 shares of MTD on 11/21/2019 at an average price of $708.41 a share. The total sale was $8.1 million. Mettler-Toledo International Inc supplies weighing and precision instruments to customers in the life sciences, industrial and food retail industries. Its products are laboratory scales, pipettes, pH meters, thermal analysis equipment and others. Mettler-Toledo International Inc has a market cap of $17.44 billion; its shares were traded at around $716.02 with a P/E ratio of 32.87 and P/S ratio of 6.04.
A Director at Neogen is Exercising Options (Analyst Ratings)
Today it was reported that a Director at Neogen (NEOG), James Herbert, exercised options to sell 13,135 NEOG shares at $60.42 a share, for a total transaction value of $857.5K. In addition to James Herbert, one other NEOG executive reported Sell trades in the last month.
