Hedge Fund and Insider Trading News: Steve Cohen, Bill Ackman, Laurion Capital, Alden Global Capital, Black Diamond Therapeutics Inc (BDTX), SkyWest, Inc. (SKYW), and More

Scatec Solar ASA: Primary Insider Trading (GlobeNewswire.com)
Oslo, 6 February 2020: Primary insider CFO Mikkel Tørud, has today sold 75,000 shares in Scatec Solar ASA, at an average price per share of NOK 164,5084. After the transaction and as of the date hereof, CFO Mikkel Tørud owns 223,817 shares in Scatec Solar ASA. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Turkey Stiffens Manipulation Penalties in Banking Overhaul (Bloomberg)
(Bloomberg) — Turkey is planning to stiffen punishments for insider trading and market manipulation as part of a broad overhaul of laws regulating its banking industry and capital markets. Turkey’s main stock index reversed from gains to losses following the news. Its banking sub-index, which tracks listed lenders accounting for more than a quarter of the benchmark list’s market capitalization, erased all gains. The proposal submitted to parliament by President Recep Tayyip Erdogan’s AK Party significantly increases regulatory authorities’ sway over the nation’s lenders.

Thursday 2/6 Insider Buying Report: BDTX, KZR (Nasdaq.com)
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Monday, Black Diamond Therapeutics (BDTX)’s Director, Bradley J. Phd Bolzon, made a $17M buy of BDTX, purchasing 894,736 shares at a cost of $19.00 each. So far Bolzon is in the green, up about 105.3% on their purchase based on today’s trading high of $39.00. Black Diamond Therapeutics is trading up about 2.1% on the day Thursday.

A Director at SkyWest (NASDAQ: SKYW) is Selling Shares (Analyst Ratings)
Yesterday, a Director at SkyWest (SKYW), Jerry Atkin, sold shares of SKYW for $1M. The company has a one-year high of $66.52 and a one-year low of $49.35. Currently, SkyWest has an average volume of 307.49K. SKYW’s market cap is $3.01B and the company has a P/E ratio of 9.02.

Amazon.com Inc (AMZN) CEO Amazon Web Services Andrew R Jassy Sold $14 million of Shares (Guru Focus)
CEO Amazon Web Services of Amazon.com Inc., Andrew R Jassy, sold 6,945 shares of AMZN on 02/03/2020 at an average price of $2019.57 a share. The total sale was $14 million. Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets.