Cathie Wood Resumes Selling in JD.com for First Time Since July (Bloomberg)
Cathie Wood is back to selling JD.com Inc. shares after a hiatus of about six months as Chinese technology stocks see a historic rebound helped by regulatory easing. ARK Fintech Innovation ETF sold 6,645 American Depository Receipts of the Chinese online retailer on Thursday, marking its first sale of the company since July, according to Ark Investment Management LLC’s daily trading data compiled by Bloomberg. Wood’s previous selling streak was from mid-September 2021 to July.
The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for His New Crypto Startup (Business Insider)
After nearly four months since stepping down as president of FTX US, Brett Harrison has raised $5 million for his new crypto trading infrastructure startup. Harrison, who oversaw the US division of Sam Bankman-Fried’s now bankrupt digital asset exchange, secured backing from industry giants like Coinbase Ventures and Circle Ventures.
Friday 1/20 Insider Buying Report: DHHC, KDP (Nasdaq.com)
At DiamondHead Holdings, a filing with the SEC revealed that on Wednesday, Co-CEO, Chairman David T. Hamamoto purchased 250,000 shares of DHHC, at a cost of $10.09 each, for a total investment of $2.52M. DiamondHead Holdings is trading trading flat on the day Friday. And at Keurig Dr Pepper, there was insider buying on Wednesday, by Chief Financial Officer Sudhanshu Shekhar Priyadarshi who bought 10,000 shares for a cost of $35.00 each, for a trade totaling $350,000. Keurig Dr Pepper is trading off about 0.1% on the day Friday. Bargain hunters are able to grab KDP even cheaper than Priyadarshi did, with shares changing hands as low as $34.21 in trading on Friday which is 2.3% under Priyadarshi’s purchase price.
Over $10 Million Bet On DiamondHead Holdings? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
(Appian) The Trade: Appian Corporation (APPN) 10% owner Colin Moran acquired a total of 265,000 shares an average price of $32.96. To acquire these shares, it cost around $8.74 million. Fate Therapeutics: The Trade: Fate Therapeutics, Inc. (FATE) Director John Mendlein acquired a total of 124,679 shares at an average price of $5.60. To acquire these shares, it cost around $698.14 thousand.
Is Elon Guilty of Insider Trading? Experts Question Why Musk Sold Nearly $3.6 Billion Worth of Tesla Shares Just Three Weeks Before Company’s Value Nosedived Off Back Off Missed Targets (Dailymail.co.uk)
Tesla CEO Elon Musk sold almost $3.6 billion worth of stock just three weeks before the electric car company announced it had missed its delivery targets. Musk had offset nearly 22 million of his 426 million shares between December 12 and 14, 2022, as Tesla was projected to be one of the worst performing stocks of the year, the Wall Street Journal reports. While the end of 2022 saw a small rebound for the company’s shares, the stocks plummeted even further when the market opened on January 3 following the company’s announcement that delivery targets fell short by nearly 22,000 cars.
