Thursday 8/22 Insider Buying Report: MMP, CLVS (Nasdaq.com)
At Magellan Midstream Partners LP (MMP), a filing with the SEC revealed that on Tuesday, Director Chansoo Joung bought 5,000 shares of MMP, for a cost of $67.28 each, for a total investment of $336,414. Thus far Joung is down about 0.5% on the buy, with shares trading as low as $66.95 in trading on Thursday. Magellan Midstream Partners LP is trading down about 0.3% on the day Thursday. And also on Tuesday, Director James C. Blair purchased $233,400 worth of Clovis Oncology (CLVS), purchasing 40,000 shares at a cost of $5.83 each. This purchase marks the first one filed by Blair in the past year. Clovis Oncology is trading down about 0.5% on the day Thursday. So far Blair is in the green, up about 4.4% on their purchase based on today’s trading high of $6.09.
JM Financial former V-P, other settle insider trading case with SEBI (Business-Standard.com)
JM Financial Institutional Securities former vice-president Atul Saraogi and Vimala Devi Kalantri has settled with Sebi an alleged insider trading case in the matter of United Spirits Ltd by paying over Rs 1.24 crore towards settlement charges. Atul Saraogi is son-in-law of Vimala Devi Kalantri, according to Sebi’s order. “Saraogi, an insider, had traded during UPSI (unpublished price-sensitive information) period in the futures and options segment pertaining to the scrip of United Spirits through the account of Kalantri. It is alleged that both jointly and severally made wrongful gains of Rs 30.43 lakh,” Sebi said in the order.
A Director at Primo Water Corp (NASDAQ: PRMW) is Buying Shares (Analyst Ratings)
Today, a Director at Primo Water Corp (PRMW), Susan Cates, bought shares of PRMW for $61.15K. This recent transaction increases Susan Cates’ holding in the company by 20.86% to a total of $345.6K. In addition to Susan Cates, 5 other PRMW executives reported Buy trades in the last month.
A Director at Tucows Inc (NASDAQ: TCX) is Buying Shares (Analyst Ratings)
Today, a Director at Tucows Inc (TCX), Allen Karp, bought shares of TCX for $58.16K. This recent transaction increases Allen Karp’s holding in the company by 27.62% to a total of $791.2K. Based on Tucows Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $84.12 million and quarterly net profit of $2.62 million.
Ex-Director Jailed a Day, Fined RM1 mil for Insider Trading (FreeMalaysiaToday.com)
KUALA LUMPUR: A former director of a food supplier company was sentenced to one day in jail and fined RM1 million, in default one year’s jail, by the Sessions Court here today after he pleaded guilty to nine counts of insider trading to allow him to acquire 891,000 units of Three-A Resources Berhad shares 10 years ago. Judge Syed Faisal Syed Amir meted out the sentence on Fong Chiew Hean, 83, after he changed his plea to guilty during the trial proceedings today. The court ordered the accused to serve the jail term from today.
