Uh-Oh! Insiders of This Pot Stock Are Selling Again (The Motley Fool)
Tilray’s top executives ring the register, again: For those who may not recall, Tilray’s insiders began parting ways with their shares shortly after the end of the lock-up period. On Jan. 24, 2019, we learned that CEO Brendan Kennedy sold close to 150,000 shares and chief revenue officer Woody Pastroius sold close to 20,600 shares, for a grand total of $12.6 million between the two insiders.
Former CIMB Research Head Settles with SC Over Insider Trading (MSN Money)
KUALA LUMPUR (April 12): Former head of equity research at CIMB Investment Bank Bhd Terence Wong @ Huang Thar-Rearn has entered into a settlement with the Securities Commission Malaysia (SC) amounting to RM573,150 for insider trading of 800,000 Malaysia Airlines Bhd shares in July 2011. According to the SC website, Wong had on April 1, 2019 agreed without admission or denial of liability to settle a claim that the regulator was proposing to institute against him for acquiring the shares whilst in possession of inside information contrary to Section 188(2) of the Capital Markets and Services Act 2007 (CMSA).
Friday 4/12 Insider Buying Report: LONE, IGR (Nasdaq.com)
On Thursday, Lonestar Resources’ CEO, Frank D. Bracken III, made a $44,175 buy of LONE, purchasing 10,000 shares at a cost of $4.42 a piece. Lonestar Resources is trading up about 3.8% on the day Friday. Before this latest buy, Bracken III purchased LONE at 2 other times during the past year, for a total cost of $176,056 at an average of $4.73 per share. And at CBRE Clarion Global Real Estate Income Fund, there was insider buying on Tuesday, by Director Asuka Nakahara who bought 4,150 shares at a cost of $7.29 each, for a trade totaling $30,260. This buy marks the first one filed by Nakahara in the past twelve months. CBRE Clarion Global Real Estate Income Fund is trading up about 0.1% on the day Friday. So far Nakahara is in the green, up about 3.1% on their buy based on today’s trading high of $7.52.
The SVP, Upholstery of Bassett Furniture Industries (NASDAQ: BSET) is Selling Shares (AnalystRatings)
Today, the SVP, Upholstery of Bassett Furniture Industries (BSET), Mark Jordan, sold shares of BSET for $15.62K. In addition to Mark Jordan, one other BSET executive reported Sell trades in the last month. Based on Bassett Furniture Industries’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $121 million and quarterly net profit of $608K. In comparison, last year the company earned revenue of $110 million and had a GAAP net loss of $913K. BSET’s market cap is $188.8M and the company has a P/E ratio of 19.55. Currently, Bassett Furniture Industries has an average volume of 6,256.
KenolKobil Boss Quits Amid Probe Into Insider Trade (Business Daily Africa)
KenolKobil managing director David Ohana has resigned in the wake of an insider trading probe by the Capital Markets Authority (CMA) ahead of a takeover of the oil marketer by French firm Rubis Energie. His successor was introduced to KenolKobil staff on Monday and a formal handover is expected to follow, sources at the company said. Mr Ohana gave a “no comment” response when contacted by the Business Daily. “If it is on record, I have no comment,” said Mr Ohana.