Friday 6/12 Insider Buying Report: FGEN, KZR (Nasdaq.com)
On Thursday, FibroGen’s Chief Executive Officer, Enrique A. Conterno, made a $988,882 buy of FGEN, purchasing 27,800 shares at a cost of $35.57 a piece. Conterno was up about 6.2% on the purchase at the high point of today’s trading session, with FGEN trading as high as $37.78 in trading on Friday. FibroGen is trading up about 7.7% on the day Friday. And also on Thursday, Director Franklin M. Berger bought $550,000 worth of Kezar Life Sciences, buying 100,000 shares at a cost of $5.50 a piece. Before this latest buy, Berger made one other purchase in the past twelve months, buying $314,200 shares at a cost of $2.60 a piece. Kezar Life Sciences is trading up about 6.1% on the day Friday. Bargain hunters have the opportunity to grab KZR at a price even lower than Berger did, with shares changing hands as low as $5.02 in trading on Friday which is 8.7% under Berger’s purchase price.
Nestlé SA (Other OTC: NSRGF) Executives are Making Moves with Their Shares (Analyst Ratings)
Today, the Executive of Nestlé SA (NSRGF), Unnamed Swiss Director (E), sold shares of NSRGF for $1.27M. Following Unnamed Swiss Director (E)’s last NSRGF Sell transaction on September 18, 2019, the stock climbed by 1.2%. The company has a one-year high of $114.93 and a one-year low of $84.20. The Company has a Price to Book ratio of 56.08.
SEC Reaches Deal in Insider Trading Case Over Hacked News Releases (Reuters)
The U.S. Securities and Exchange Commission has obtained court approval for settlements totaling about $14 million with five individuals and three companies that the agency said took part in an international scheme to trade on hacked news releases. The civil settlements with Arkadiy Dubovoy, his son Igor Dubovoy, Leonid Momotok, Aleksandr Garkusha and Vladislav Khalupsky, along with corporate entities Southeastern Holding and Investment Company LLC, APD Developers Inc and Memelland Investments Ltd, were approved by U.S. District Judge Madeline Cox Arleo in the District of New Jersey, the SEC announced Wednesday.
LPL Financial Holdings Inc (LPLA) President & CEO Dan H. Arnold Sold $1.7 million of Shares (Guru Focus)
President & CEO of LPL Financial Holdings Inc., Dan H. Arnold, sold 20,000 shares of LPLA on 06/09/2020 at an average price of $85.7 a share. The total sale was $1.7 million. LPL Financial Holdings Inc operates as a broker through its subsidiaries. The company provides a platform of proprietary technology, brokerage, and investment advisor services to financial advisors and institutions.
After Insider Trading Probe, Loeffler Offers Donors Access In ‘Co-Investor Program’ (Forbes)
TOPLINE Senator Kelly Loeffler (R-Ga.), who is facing a tough reelection bid due in part to allegations of insider trading, is offering benefit packages featuring close access to top campaign donors with tiers of “board member,” “investor” and “shareholder,” according to a fundraising brochure obtained by the Daily Beast. Loeffler was investigated by the Department of Justice for stock sales she made shortly after attending a closed door meeting of Republican Senators on coronavirus.
