The VP & CAO of Xerox Corp (NYSE: XRX) is Buying Shares (Analyst Ratings)
Today, the VP & CAO of Xerox Corp (XRX), Joseph Mancini, bought shares of XRX for $147K. This recent transaction increases Joseph Mancini’s holding in the company by 5.19% to a total of $2.93 million. Following Joseph Mancini’s last XRX Buy transaction on April 09, 2019, the stock climbed by 2.4%. XRX’s market cap is $8.07B and the company has a P/E ratio of 19.25. Currently, Xerox Corp has an average volume of 805.9K.
Wednesday 7/3 Insider Buying Report: VRML, KRTX (Nasdaq.com)
At Vermillion, a filing with the SEC revealed that on Friday, Jack W. Schuler purchased 5,000,000 shares of VRML, for a cost of $0.80 each, for a total investment of $4M. Schuler was up about 8.7% on the buy at the high point of today’s trading session, with VRML trading as high as $0.87 at last check today. Vermillion is trading up about 2.7% on the day Wednesday. And also on Friday, CEO Steven M. Paul purchased $230,424 worth of Karuna Therapeutics, purchasing 10,000 shares at a cost of $23.04 each. Karuna Therapeutics is trading up about 0.7% on the day Wednesday. Investors have the opportunity to grab KRTX even cheaper than Paul did, with the stock changing hands as low as $21.61 in trading on Wednesday – that’s 6.2% under Paul’s purchase price.
The Mystery Millionaire Who Haunted London’s Insider-Trading Trial (BNN Bloomberg)
When Alshair Fiyaz, a wealthy businessman with a shaggy mane of hair, walked into the garden of London’s Four Seasons Hotel on a pleasant June evening five years ago, he had no idea he was being followed. He was there to meet Walid Choucair, a trader wearing a hoodie who collected “Star Wars” memorabilia and expensive guitars. Neither one noticed an officer from the National Crime Agency stick a recording device in the greenery. The investigator was tracking Fiyaz in connection with an insider-trading probe being conducted by the NCA, the U.K. equivalent of the FBI. Choucair wasn’t a suspect, and the officer didn’t know who he was before planting the bug. But after the meeting, the officer followed Choucair to an apartment near the Royal Albert Hall on the edge of Hyde Park.
Former Equifax Executive Sentenced to Prison for Insider Trading Prior to Data Breach (Infosurhoy)
The Justice Department announced this week that former Equifax CIO Jun Ying has been sentenced to four months in prison for insider trading. He pled guilty earlier this year for for selling his stock in the company prior to the announcement that it had been hit with a massive data breach in 2017. The Security and Exchanges Commission charged Ying with insider trading last year. The Department of Justice says that in August 2017, after learning about the breach, he began researching the impact that a similar breach had on another company’s stock price. Later that morning, he promptly exercised and sold all of his stock options, earning nearly a million dollars from the sale.
Former CEO and Director of Sirtex Medical Limited Pleads Guilty to Insider Trading (Mirage News)
Mr Gilman Edwin Wong, the former Chief Executive Officer and director of Sirtex Medical Limited, has pleaded guilty to one charge of insider trading. Appearing at the Downing Centre Local Court yesterday, Mr Wong pleaded guilty to one charge of insider trading. He was committed to the Sydney District Court for sentencing on a date to be fixed. The insider trading prosecution relates to Mr Wong’s sale of Sirtex shares on 26 October 2016 while in possession of inside information.
