Tuesday 3/31 Insider Buying Report: INFO, BMCH (Nasdaq.com)
On Thursday, IHS Markit’s Director, William E. Ford, made a $1.17M purchase of INFO, buying 20,000 shares at a cost of $58.46 a piece. Ford was up about 6.5% on the buy at the high point of today’s trading session, with INFO trading as high as $62.28 at last check today. IHS Markit is trading off about 1.2% on the day Tuesday. And on Friday, See Remarks David E. Flitman bought $428,965 worth of BMC Stock Holdings, buying 25,000 shares at a cost of $17.16 a piece. Before this latest buy, Flitman made one other buy in the past twelve months, purchasing $202,445 shares for a cost of $22.49 a piece. BMC Stock Holdings is trading up about 0.9% on the day Tuesday.
What Did This CEO Just Do with Personal Shares of Splunk (NASDAQ: SPLK)? (Analyst Ratings)
Yesterday, the President & CEO of Splunk (SPLK), Douglas Merritt, sold shares of SPLK for $1.37M. In addition to Douglas Merritt, 7 other SPLK executives reported Sell trades in the last month. Based on Splunk’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $791 million and GAAP net loss of -$22,728,000. In comparison, last year the company earned revenue of $622 million and had a net profit of $2.13 million. The company has a one-year high of $176.31 and a one-year low of $93.92. The Company has a Price to Book ratio of 42.27.
MGM Resorts International (MGM) PRESIDENT AND ACTING CEO William Hornbuckle Bought $496,426 of Shares (Guru Focus)
President and Acting CEO of MGM Resorts International, William Hornbuckle, bought 41,300 shares of MGM on 03/31/2020 at an average price of $12.02 a share. The total cost of this purchase was $496,426. MGM Resorts International owns and operates casino, hotel and entertainment resorts. The company offers its services through its properties in Las Vegas include Bellagio, MGM Grand, Mandalay Bay, Mirage, Luxor, and New York-New York.
US Senator Probed for Insider Trading – Reports (Newarknow.org)
The US justice department is investigating alleged insider trading by lawmakers who sold stocks just before the coronavirus pandemic sparked a major market downturn, according to US media. Republican Senator Richard Burr is said to be among those to have been contacted by the FBI. Mr Burr, 64, has denied wrongdoing. It is illegal for Congress members to trade based on non-public information gathered during their official duties. He has said he relied solely on publicly available news reports.
SEC Awards $450,000 to Whistleblower (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of $450,000 to a whistleblower whose significant information helped focus an ongoing investigation on the violations that were ultimately charged. The whistleblower, who had compliance-related responsibilities, is eligible for an award because the whistleblower reported concerns about the relevant conduct internally within the company and then waited 120 days before reporting to the SEC. This is the SEC’s third whistleblower award to an individual who had compliance or internal audit responsibilities. “To ensure that important information about securities laws violations is reported to the SEC when appropriate corrective action is not taken by the company, the rules permit awards to compliance professionals in certain limited circumstances,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.
