Startup XN Assembles Army of Professionals (HFAlert)
The operator of one of the biggest hedge funds to launch this year also started with 2020’s deepest day-one staff. XN, led by Gaurav Kapadia, started trading on July 1 with more than $1 billion of commitments. It already has 22 employees, including alumni of big-name firms including Citadel, D.E. Shaw, Elliott Management and Soros Fund Management. The team also includes personnel who worked with Kapadia at former employer Soroban Capital, creating a sense of continuity that investors find appealing. The ex-Soroban staffers include partner Ashish Doshi, who is set to arrive after waiting out a gardening leave. Doshi was the first analyst hired when Soroban started in 2010, working closely with Kapadia. Earlier, he was at Blackstone.
Church & Dwight Co Inc (CHD) EVP New Products & Pres Int’l Steven P Cugine Sold $1.9 million of Shares (Guru Focus)
EVP New Products & Pres Int’l of Church & Dwight Co Inc., Steven P Cugine, sold 20,000 shares of CHD on 08/03/2020 at an average price of $94.17 a share. The total sale was $1.9 million. Church & Dwight Co Inc is engaged in the household products industry. It manufactures and markets personal care products under brands like Oxiclean, Spinbrush, First Response and Trojan.
Wednesday 8/5 Insider Buying Report: LDL, WAB (Nasdaq.com)
On Monday, Lydall’s Director, Matthew Farrell, made a $492,998 purchase of LDL, buying 30,000 shares at a cost of $16.43 each. Farrell was up about 22.4% on the buy at the high point of today’s trading session, with LDL trading as high as $20.12 at last check today. Lydall, is trading up about 4.3% on the day Wednesday. This buy marks the first one filed by Farrell in the past twelve months. And also on Monday, Director Linda S. Harty purchased $309,670 worth of Wabtec, purchasing 5,000 shares at a cost of $61.93 a piece. Wabtec is trading up about 0.7% on the day Wednesday. Harty was up about 1.0% on the purchase at the high point of today’s trading session, with WAB trading as high as $62.55 at last check today.
Roku Inc (ROKU) CEO and Chairman BOD Anthony J. Wood Sold $5.6 million of Shares (Guru Focus)
CEO and Chairman BOD of Roku Inc., Anthony J. Wood, sold 35,000 shares of ROKU on 08/03/2020 at an average price of $160.28 a share. The total sale was $5.6 million. Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news and more.
A Director at Tandem Diabetes Care (NASDAQ: TNDM) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Tandem Diabetes Care (TNDM), Christopher J. Twomey, sold shares of TNDM for $275K. Following Christopher J. Twomey’s last TNDM Sell transaction on July 07, 2020, the stock climbed by 3.8%. In addition to Christopher J. Twomey, 3 other TNDM executives reported Sell trades in the last month.
