Toshiba Should Sell Stake in Ex-chip Unit at IPO, Says HK Activist Fund in Letter (Reuters)
TOKYO (Reuters) – A Hong Kong-based activist investor in Toshiba Corp (6502.T) has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters. Argyle Street Management Ltd., a hedge fund with over $1.5 billion under management, sent the letter to CEO Nobuaki Kurumatani in late March urging the company to sell its 40% stake and distribute proceeds back to shareholders.
Bityard Launches with Hedge Fund Backing (Hedge Week)
Bityard, a digital contract trading platform, has officially launched having received a strategic investment from a US hedge fund worth USD10 million. Bityard, which was founded in November 2019 and is headquartered in Singapore, is regulated by the American Money Services Businesses, Singaporean Accounting and Corporate Regulatory Authority (ACRA), and the MTR of Estonia for the European Union. In Southeast Asia, Bityard will strive to keep up with local digital asset market demand, especially with regards to government-driven blockchain trends.
Tuesday 4/7 Insider Buying Report: HDS, RGP (Nasdaq.com)
At HD Supply Holdings, a filing with the SEC revealed that on Friday, Lauren Taylor Wolfe bought 267,584 shares of HDS, for a cost of $26.23 each, for a total investment of $7.02M. Wolfe was up about 19.9% on the buy at the high point of today’s trading session, with HDS trading as high as $31.44 in trading on Tuesday. HD Supply Holdings Inc is trading up about 6.3% on the day Tuesday. Before this latest buy, Wolfe purchased HDS on 2 other occasions during the past twelve months, for a total investment of $31.75M at an average of $34.73 per share. And at Resources Connection, there was insider buying on Friday, by CEO Kate W. Duchene who bought 10,000 shares for a cost of $10.04 each, for a total investment of $100,400. This purchase marks the first one filed by Duchene in the past twelve months. Resources Connection is trading up about 9.3% on the day Tuesday. Duchene was up about 10.4% on the purchase at the high point of today’s trading session, with RGP trading as high as $11.08 at last check today.
A Director at Carnival (NYSE: CUK) is Buying Shares (Analyst Ratings)
Today, a Director at Carnival (CUK), Randall Weisenburger, bought shares of CUK for $10M. This recent transaction increases Randall Weisenburger’s holding in the company by 997.19% to a total of $12.85 million.
Petmed Express Inc (PETS) CEO & President Menderes Akdag Sold $900,000 of Shares (Guru Focus)
CEO & President of Petmed Express Inc., Menderes Akdag, sold 30,000 shares of PETS on 04/06/2020 at an average price of $30 a share. The total sale was $900,000. PetMed Express Inc is a nationwide pet pharmacy. The Company markets prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer.
Which Politicians Were Accused Of Insider Trading Related To The COVID-19 Pandemic? (WorldAtlas.com)
Some politicians sold travel stocks before the COVID-19 pandemic, which has resulted in speculation of wrong-doing. A time of crisis can bring out the best in people. Neighbors pick up other’s groceries and deliver them, free of charge, to doorsteps down the street. Friends check in on the elderly and vulnerable, we donate money, share inspiring stories of goodwill at the end of the day, and band together to protect their communities from the worst. Emergency situations can also bring out the panic-button response in us, however, and for some, that spells trouble. This trouble happened earlier this March in connection with the coronavirus and stocks.
