Varian Medical Systems Inc (VAR) President and CEO Dow R Wilson Sold $27.5 million of Shares (Guru Focus)
President and CEO of Varian Medical Systems Inc, Dow R Wilson, sold 157,515 shares of VAR on 12/07/2020 at an average price of $174.35 a share. The total sale was $27.5 million. Varian Medical Systems Inc is engaged in the healthcare sector. It manufactures medical devices for conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.
Contrasting the Global Trend, Fewer Asia-Focused Distressed Debt Funds Are on the Road (Preqin)
Globally, private debt fundraising slowed in 2020 as investors pared back their commitments to new funds in a challenging economic environment. With a record number of distressed debt funds in market globally, though, final figures could catch up toward the end of the year. In Asia, however, the numbers tell a different story. As of the end of October, there are only three distressed debt funds in market, collectively looking to raise $1.3bn. As shown in Fig. 1 and Fig. 2, the number and target capital are on par with one year ago, but aggregate capital targeted is down 69% from the high of $4.2bn in October 2018. We look at data from Preqin Pro to find out where Asian debt managers are focusing their capital right now.
Hedge Fund D.E. Shaw Pushes Exxon to Make Changes, Cut Costs, Boost Performance: Sources (Reuters)
BOSTON (Reuters) – Hedge fund D.E. Shaw is pressuring Exxon Mobil Corp to make changes and sent the company a letter this week asking it to cut costs and improve performance, two people familiar with the matter said on Wednesday. The letter, which is private, asked that Exxon cut its capital expenditures and operating expenses, the sources said.
Thursday 12/10 Insider Buying Report: SEER, CSV (Nasdaq.com)
At Seer, a filing with the SEC revealed that on Tuesday, Director Terrance McGuire bought 78,947 shares of SEER, for a cost of $19.00 each, for a total investment of $1.5M. McGuire was up about 268.4% on the purchase at the high point of today’s trading session, with SEER trading as high as $70.00 at last check today. Seer is trading up about 6% on the day Thursday. This buy marks the first one filed by McGuire in the past twelve months. And at Carriage Services, there was insider buying on Wednesday, by CEO Melvin C. Payne who bought 29,000 shares at a cost of $30.02 each, for a total investment of $870,580. Carriage Services is trading up about 0.5% on the day Thursday.
The Chief Operating Officer of Restaurant Brands International (NYSE: QSR) is Selling Shares (Analyst Ratings)
Yesterday, the Chief Operating Officer of Restaurant Brands International (QSR), Joshua Kobza, sold shares of QSR for $8.96M. In addition to Joshua Kobza, 4 other QSR executives reported Sell trades in the last month. The company has a one-year high of $67.33 and a one-year low of $25.08. Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $62.64, reflecting a -4.0% downside.
Square Inc (SQ) President, CEO & Chairman Jack Dorsey Sold $21 million of Shares (Guru Focus)
President, CEO & Chairman of Square Inc, Jack Dorsey, sold 100,000 shares of SQ on 12/07/2020 at an average price of $209.69 a share. The total sale was $21 million. Square Inc is a software company offering solutions ranging from payments and point-of-sale services to financial and marketing services.
