Mets Owner Steve Cohen Challenged Twitter Followers to Identify Anonymous Source (New York Post)
Steve Cohen put his Twitter followers to the test Thursday morning, trying to identify an anonymous source who, in part, criticized the Mets owner’s Twitter usage in a Post story. The hedge fund billionaire, who offered three fans the chance to sit with him in his suite at Citi Field for guessing the source correctly, claimed to know that it was David Samson, the former Marlins president. The Post does not identify its anonymous sources, but beat writer Mike Puma, who wrote the story, tweeted that it was not Samson.
The Future of Bitcoin: From Ray Dalio to Cathie Wood, Top Investment Pandits Weigh In (CNBC TV 18)
Bitcoin prices have experienced some wild swings in August-September. A week ago, its prices had touched $52,000 only to correct back to $45,000 the next day. And while in the past couple of months, it has seen lows of $30,000 after rising as high as $65,000, some crypto analysts and proponents believe it could touch as high as $300,000 by next year. At the same time, there are some well-known people singing bearish tones for the coin. While it’s hard to say what the future has in store for the crypto, we take a look at what bitcoin’s proponents and opponents are saying about the coin. And maybe, take a brief glance at what the future holds.
AQR Hedge Fund Suffers $10bn in Outflows (UK Today News)
The AQR Managed Futures Strategy fund, a computer-driven mutual fund that tries to profit from market trends, has fallen in size from about $12bn in late 2017 to $1.5bn currently, according to fund documents. While the fund’s bets have often lost money in recent years, most of the drop in assets pertains to client withdrawals. The outflows come even as Connecticut-based AQR has enjoyed a stronger period of performance more broadly across many of its portfolios, after shedding $86bn in assets from its peak. AQR, which manages about $140bn in total assets and is headed by former Goldman Sachs managing director Cliff Asness, is well known for its academic approach to investing. It breaks down hedge fund returns into their basic components before building relatively low-cost portfolios to try and exploit those characteristics.
Friday 9/17 Insider Buying Report: AMWD, ET (Nasdaq.com)
On Tuesday, American Woodmark’s Director, Vance W. Tang, made a $396,360 buy of AMWD, purchasing 6,000 shares at a cost of $66.06 a piece. American Woodmark is trading up about 1% on the day Friday. And at Energy Transfer, there was insider buying on Wednesday, by Director Richard D. Brannon who purchased 24,500 shares at a cost of $9.33 each, for a total investment of $228,585. Energy Transfer is trading off about 0.3% on the day Friday.
William Penn Insider Trades $110.11 Thousand In Company Stock (Benzinga)
W. Keith Maxwell Iii, CEO at William Penn, made a large insider buy on September 14, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Iii purchased 11,000 shares of William Penn at a price of $5.0 per share. The total transaction amounted to $110,110. Following the transaction, Iii now owns 3,508,502 shares of William Penn, worth $35,786,720. William Penn shares are trading up 0.39% at $10.2 at the time of this writing on Friday morning.
A Director at Colfax (NYSE: CFX) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Colfax (CFX), Rajiv Vinnakota, sold shares of CFX for $103.5K. Following Rajiv Vinnakota’s last CFX Sell transaction on June 16, 2020, the stock climbed by 17.2%. Based on Colfax’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $986 million and quarterly net profit of $28.64 million. In comparison, last year the company earned revenue of $620 million and had a GAAP net loss of $8.47 million. The company has a one-year high of $50.34 and a one-year low of $26.45. CFX’s market cap is $6.95 billion and the company has a P/E ratio of 72.30.
OpenSea Exec Resigns Over Insider Trading Allegations (Benzinga)
OpenSea — the world’s top non-fungible token (NFT) marketplace – announced the executive involved in the recent insider trading scandal has resigned from their position. What Happened: According to an OpenSea announcement, the firm “requested and accepted” the resignation of the employee responsible for the insider trader activity that made waves in the NFT community. The employee purportedly “purchased items that they knew were set to display on our front page before they appeared there publicly,” the company said.
