Crypto Investors Must Be Cautious, Says Hedge Fund Founder (Beincrypto.com)
Hal Press, the founder of North Rock Digital, has taken a cautious stance on the market’s future and advises crypto investors to do the same. While Press does not expect a sharp decline, he believes the crypto market may face multiple challenges. Low Liquidity Levels Don’t Favor the Bulls: Hal Press stated that many short positions have accumulated during a period of low liquidity. This has led him to believe that a short squeeze might be on the horizon.
Sam Bankman-Fried ‘Joked’ About Alameda Research Losing $50M: ‘Such is Life’ (New York Post)
Sam Bankman-Fried allegedly joked about his doomed hedge fund Alameda Research losing track of as much as $50 million in assets, telling another executive: “Such is life.” “Alameda is unauditable” and “hilariously beyond any threshold of any auditor being able to even get partially through an audit,” Bankman-Fried wrote in an email about the now-defunct Alameda that was cited in court papers by FTX.
Monday 4/10 Insider Buying Report: FDX, PHAT (Nasdaq.com)
At FedEx Corp (FDX), a filing with the SEC revealed that on Thursday, Director Amy B. Lane bought 830 shares of FDX, for a cost of $232.88 each, for a total investment of $193,289. Bargain hunters can grab FDX even cheaper than Lane did, with the stock trading as low as $228.61 at last check today — that’s 1.8% under Lane’s purchase price. FedEx Corp is trading off about 0.5% on the day Monday. Before this latest buy, Lane purchased FDX on 2 other occasions during the past twelve months, for a total cost of $187,699 at an average of $211.61 per share. And at Phathom Pharmaceuticals (PHAT), there was insider buying on Thursday, by President and Chief Executive Terrie Curran who bought 12,919 shares at a cost of $7.82 each, for a trade totaling $101,025. Before this latest buy, Curran made one other buy in the past twelve months, purchasing $151,835 shares for a cost of $7.41 a piece. Phathom Pharmaceuticals is trading off about 2.6% on the day Monday.
$6M Bet On This Technology Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Domo: The Trade: Domo, Inc. (DOMO) 10% owner Cocolalla LLC acquired a total of 429,810 shares an average price of $14.11. To acquire these shares, it cost around $6.07 million. Kinetik Holdings: The Trade: Kinetik Holdings Inc. (KNTK) Director Jamie Welch bought a total of 7,000 shares at an average price of $31.13. To acquire these shares, it cost around $217.91 thousand.
GameStop, Kohl’s and Calavo are Seeing Big Insider Stock Buying (The Bharat Express News)
As the first quarter came to a close, some of the company’s insiders bought stock on the open market. A GameStop (ticker: GME) CEO bought shares on the open market for the first time this year, while department store chain CEOs from Kohl (KSS) and avocado garland Calavo growers (CVGW) has raised millions of dollars in stock.
