Why Hedge Fund Bear Russell Clark is Urging Caution on Gold Prices (Hedge Week)
Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity. In a recent market commentary, Russell Clark examined the long-term value of the precious metal, and its relationship with the price of food. Traditionally, investors have flocked to the commodity as a defensive asset during times of turmoil, with gold holding its value over the long term, and being recognised as both a store of money and medium for transactions.
D1’s Sundheim Becomes Latest Hedge Fund Boss to Move to Florida (Bloomberg)
Dan Sundheim, who runs the $20 billion D1 Capital Partners, has decided to relocate to Florida and will open an office in Miami. Some senior staffers at D1 are also moving to the area, according to a person familiar with the firm’s plans. D1 will keep its New York office, the person said. The firm has a third office in Hong Kong.
Tuesday 3/23 Insider Buying Report: ADV, FXNC (Nasdaq.com)
On Friday, Advantage Solutions’ Chief Executive Officer, Tanya L. Domier, made a $301,658 buy of ADV, purchasing 27,250 shares at a cost of $11.07 each. Domier was up about 16.1% on the purchase at the high point of today’s trading session, with ADV trading as high as $12.85 in trading on Tuesday. Advantage Solutions is trading up about 9.6% on the day Tuesday. This purchase marks the first one filed by Domier in the past twelve months. And at First National, there was insider buying on Friday, by Director Gerald F. Smith Jr. who purchased 8,299 shares for a cost of $18.29 each, for a total investment of $151,820. Before this latest buy, Smith Jr. bought FXNC at 9 other times during the past year, for a total cost of $347,221 at an average of $14.26 per share. First National is trading off about 1.5% on the day Tuesday.
Oracle Corp (ORCL) CEO Safra Catz Sold $149.4 million of Shares (Guru Focus)
CEO of Oracle Corp, Safra Catz, sold 2,250,000 shares of ORCL on 03/22/2021 at an average price of $66.4 a share. The total sale was $149.4 million. Oracle Corp is a computer software company. It sells enterprise information technology solutions, including databases, middleware, applications, and hardware. The Company primarily offers software licenses, support, and maintenance services worldwide.
A Director at Simon Property (NYSE: SPG) is Buying Shares (Analyst Ratings)
Yesterday, a Director at Simon Property (SPG), Daniel C. Smith, bought shares of SPG for $27.1K. Following Daniel C. Smith’s last SPG Buy transaction on August 10, 2011, the stock climbed by 45.8%. The company has a one-year high of $121.92 and a one-year low of $42.25. SPG’s market cap is $37.86 billion and the company has a P/E ratio of 32.50. The Company has a Price to Book ratio of 13.03.
