Insider Weekends: Dr. Denner Purchases Over $20 Million Of Biogen (SeekingAlpha)
Insider buying more than doubled last week. Notable insider buys: Biogen Inc., Kinder Morgan, Inc., Discover Financial Services, DISH Network Corporation, Live Oak Bancshares, Inc. Notable insider sales: Adobe Inc., Twitter, Inc., Clarus Corporation, Medpace Holdings, Inc., The Charles Schwab Corporation. Insider buying more than doubled last week with insiders purchasing $37.61 million of stock compared to $11.46 million in the week prior. Selling also more than doubled with insiders selling $831.23 million of stock last week compared to $356.43 million in the week prior.
Monday 2/4 Insider Buying Report: BIIB, NRGX (Nasdaq.com)
And at PIMCO Energy and Tactical Credit Opportunities Fund (NRGX), there was insider buying on Wednesday, by Mark R. Kiesel who bought 280,000 shares at a cost of $20.00 each, for a total investment of $5.6M. This buy marks the first one filed by Kiesel in the past twelve months. PIMCO Energy and Tactical Credit Opportunities Fund is trading up about 0.8% on the day Monday. Kiesel was up about 1.4% on the buy at the high point of today’s trading session, with NRGX trading as high as $20.28 in trading on Monday.
Did Insider Trading Cause This Junior Gold Miner to Gain 25% in a Week? (The Motley Fool)
After a fatal attack on its employees in late September 2018 Colombian gold miner Continental Gold Inc.’s (TSX:CNL) market value collapsed. This saw its stock fall from 2018 highs of over $4 per share to a two-year low of $1.76 per share. Since then, Continental Gold’s price languished below $2 a share until Tuesday of last week, when its value surged to well over $2 and gaining 26% in less than a week. This has sparked considerable concern despite good news regarding the miner’s operations that insider information concerning Continental Gold’s operations may have been leaked.
Kenol CEO Deleted Texts Before Insider Trading Raid (Business Daily)
KenolKobil CEO David Ohana deleted selected text messages and call logs just hours before detectives raided his office, the stock market regulator has told the court in the ongoing investigations into suspected insider trading of the oil firm’s shares. Capital Markets Authority (CMA) investigators have in affidavits said they believe that Mr Ohana and Mr Andre DeSimone, the chief executive of stockbrokerage firm Kestrel Capital, got a tip-off on the impending raid, leading them to clean their devices ahead of the raid and seizure of documents.
Insider Buys $100K of Aritzia Inc. (TSX:ATZ) Stock: Should You? (The Motley Fool)
They say the best indicator that a stock is a buy is when an insider steps up and purchases shares in the company on the open market. It implies confidence in the company’s future direction. On January 14, newly appointed director Marcia Smith purchased 6,000 shares of Aritzia (TSX:ATZ) stock at $16.84 a share, laying out $101,040. It’s a significant amount whether you’re a high-net-worth investor or a small-time dabbler. Currently trading around Smith’s purchase price, investors ought to be wondering if this makes it a buy. I’ve got one reason…
