Scaramucci’s SkyBridge Rolls Out Bitcoin Fund with $25M Investment (InsideBitcoins.com)
Former White House Communications Director Anthony Scaramucci is marking his entry into the crypto space with a bang. Scaramucci’s hedge fund, SkyBridge Capital, has announced the launch of its very own Bitcoin fund. Accredited Investors Welcome: Speaking with Yahoo! Finance, Scaramucci confirmed that the SkyBridge Bitcoin Fund L.P. had launched with an initial investment of $25 million from the firm. The confirmation is coming just two days after SkyBridge had applied for the Bitcoin Fund. A filing with the Securities and Exchange Commission (SEC) revealed that the fund would be classified as a “hedge fund.”
Netflix Inc (NFLX) Co-CEO Reed Hastings Sold $230.6 million of Shares (Guru Focus)
Co-CEO of Netflix Inc, Reed Hastings, sold 437,311 shares of NFLX on 12/21/2020 at an average price of $527.26 a share. The total sale was $230.6 million. Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series. Netflix Inc has a market cap of $232.97 billion; its shares were traded at around $527.330000 with a P/E ratio of 85.05 and P/S ratio of 10.03.
A Director at Five Below (NASDAQ: FIVE) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Five Below (FIVE), Ronald Sargent, sold shares of FIVE for $3.19M. Following Ronald Sargent’s last FIVE Sell transaction on April 22, 2019, the stock climbed by 14.9%. This is Sargent’s first transaction since reporting a Buy transaction on KR back in July 2019. Based on Five Below’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $477 million and quarterly net profit of $20.43 million. In comparison, last year the company earned revenue of $377 million and had a net profit of $10.19 million. The company has a one-year high of $167.97 and a one-year low of $47.53. Currently, Five Below has an average volume of 673.48K.
Trump Pardons Former Congressman Convicted of Insider Trading of Pharma Stock (BioSpace.com)
Former U.S. Rep. Chris Collins spent less than a year in federal prison for pleading guilty to violating felony insider trading laws when he sat on the board of directors of Australia-based Innate Therapeutics. On Tuesday, Collins received a pardon from President Donald Trump. Collins, who represented the Buffalo, New York area in Congress, was the first Republican member of that body to openly endorse Trump’s bid for the presidency in 2015. Collins was among 15 people to receive pardons from the outgoing president Tuesday. Others who were pardoned include former Republican Rep. Duncan Hunter, who pled guilty to misusing campaign funds, and four former security contractors who were convicted of the killings of Iraqi civilians and children.
Novocure (NVCR) CEO Asaf Danziger Sold $32.7 million of Shares (Guru Focus)
CEO of Novocure, Asaf Danziger, sold 207,910 shares of NVCR on 12/18/2020 at an average price of $157.39 a share. The total sale was $32.7 million. NovoCure Ltd is a medical systems developer in the United States. Its primary product is the TTFields delivery system, which is a low-intensity therapy to combat acute tumors. NovoCure Ltd has a market cap of $17.41 billion; its shares were traded at around $171.000000 with a P/E ratio of 900.00 and P/S ratio of 40.35.
A Director at Evertec (NYSE: EVTC) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Evertec (EVTC), Frank D’angelo, sold shares of EVTC for $818.4K. Following Frank D’angelo’s last EVTC Sell transaction on February 25, 2019, the stock climbed by 12.3%. In addition to Frank D’angelo, 5 other EVTC executives reported Sell trades in the last month. Based on Evertec’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $137 million and quarterly net profit of $34.46 million. In comparison, last year the company earned revenue of $119 million and had a net profit of $24.75 million. The company has a one-year high of $42.35 and a one-year low of $18.21. Currently, Evertec has an average volume of 330.06K.
