A $42 Billion Fund in Sweden Sides With the Fed on Inflation (Bloomberg)
One of Sweden’s biggest pension funds has arranged its inflation strategy around the Federal Reserve’s view that price spikes will prove transitory, and says that, with a bit of hedging here and there, the approach has worked well. Kristin Magnusson Bernard, the chief executive of Sweden’s AP1 pension fund, says inflation will “also end up being a headache for central banks for a while.” But for now, consumer price growth is “more difficult from a political view point” than from a monetary policy stance, she said in an interview in Stockholm.
Last Week’s Notable Insider Buys: Lululemon Athletica, Opendoor Technologies And More (Benzinga)
A former director of special purpose acquisition company ARYA Sciences Acquisition III Corp (ARYA) returned to indirectly buy 5.50 million additional shares last week. At $10.00 per share, that cost that owner $55.00 million. Note that this SPAC is merging with Nautilus Biotechnology Inc (NAUT). Two Enviva Partners LP (EVA) directors took advantage of a secondary offering to acquire almost 912,100 shares altogether of this producer of utility-grade wood pellets. At the offering price of $45.50 per share, these transactions added up to nearly $41.50 million. Shares were last seen at $49.10.
Insider Trading: June 14, 2021 (BIV.com)
Insider Eric S. Sprott, 10% owner. Company: New Found Gold Corp. (TSX-V:NFG). Shares owned: 27,551,200. Trade date: May 28. Trade total: $1,118,000. Trade: Sale of 100,000 shares at a price of $11.18 per share. Insider Rui Feng, director. Company: Silvercorp Metals Inc. (TSX:SVM). Shares owned: 5,618,000. Trade date: May 28. Trade total: $232,200. Trade: Sale of 30,000 shares at a price of $7.74 per share.
Monday 6/14 Insider Buying Report: ROP, REVG (Nasdaq.com)
On Thursday, Roper Technologies’s Director, Richard F. Wallman, made a $906,500 buy of ROP, purchasing 2,000 shares at a cost of $453.25 each. Wallman was up about 1.8% on the purchase at the high point of today’s trading session, with ROP trading as high as $461.58 in trading on Monday. Roper Technologies is trading up about 0.1% on the day Monday. And at REV Group, there was insider buying on Friday, by Chief Executive Officer Rodney M. Rushing who purchased 19,292 shares for a cost of $15.87 each, for a trade totaling $306,164. Before this latest buy, Rushing made one other buy in the past twelve months, purchasing $301,165 shares for a cost of $17.98 a piece. REV Group is trading up about 4.5% on the day Monday. So far Rushing is in the green, up about 5.5% on their purchase based on today’s trading high of $16.74.
The Chairman of Canadian Natural (NYSE: CNQ) is Selling Shares (Analyst Ratings)
Today, the Chairman of Canadian Natural (CNQ), Norman Murray Edwards, sold shares of CNQ for $10.77M. In addition to Norman Murray Edwards, 9 other CNQ executives reported Sell trades in the last month.
Fisker Inc (FSR) President & CEO Henrik Fisker Sold $10 million of Shares (Guru Focus)
President & CEO of Fisker Inc, Henrik Fisker, sold 561,956 shares of FSR on 06/11/2021 at an average price of $17.83 a share. The total sale was $10 million.
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