Odey Asset Management to lift suspension of Brook Developed Markets Fund (Reuters)
Odey Asset Management (OAM) will lift the suspension of its Brook Developed Markets Fund, it said in a letter to investors on Tuesday seen by Reuters, as the hedge fund grapples with the fallout from sexual misconduct allegations against its founder. Crispin Odey, 64, was ousted in June from the firm he founded in 1991 after the Financial Times and Tortoise Media on June 8 jointly reported on allegations from 13 women.
Ripple: Arrington Capital’s External XRP Hedge Fund Set to Launch (CryptoNewsBTC.org)
Overview: Ripple and XRP proceed to attend for the decision of their lawsuit with the U.S. Securities and Trade Fee. However an exterior hedge fund from […] The Publish: Ripple and XRP proceed to attend for the decision of their lawsuit with the U.S. Securities and Trade Fee. However an exterior hedge fund from Arrington Capital already desires to boost cash for XRP initiatives. Can this go properly?
Friday 6/30 Insider Buying Report: NTWK, LXRX (Nasdaq.com)
At NetSol Technologies, a filing with the SEC revealed that on Monday, President Naeem Ghauri purchased 16,008 shares of NTWK, at a cost of $2.19 each, for a total investment of $35,058. Ghauri was up about 8.2% on the buy at the high point of today’s trading session, with NTWK trading as high as $2.37 in trading on Friday. NetSol Technologies is trading trading flat on the day Friday. And at Lexicon Pharmaceuticals, there was insider buying on Thursday, by Chief Executive Officer Lonnel Coats who purchased 10,000 shares for a cost of $2.16 each, for a total investment of $21,600. This purchase marks the first one filed by Coats in the past twelve months. Lexicon Pharmaceuticals is trading up about 7.6% on the day Friday. So far Coats is in the green, up about 8.6% on their purchase based on today’s trading high of $2.34.
Uber, ON Semiconductor And 2 Other Stocks Insiders Are Selling (Benzinga)
Uber Technologies: The Trade: Uber Technologies, Inc. (UBER) CEO Dara Khosrowshahi sold a total of 100,000 shares at an average price of $45.00. The insider received around $4.5 million from selling those shares. Commercial Metals: The Trade: Commercial Metals Company (CMC) Chairman and CEO Barbara Smith sold a total of 50,000 shares at an average price of $50.65. The insider received around $2.53 million from selling those shares.
Truth Social SPAC Agrees To Pay $18 Million To Settle SEC Investigation Into Merger (Forbes)
TOPLINE: Digital World Acquisition Corp. – the Nasdaq-listed blank check firm that has agreed to acquire Truth Social’s parent company and take it public – announced Monday it has agreed to pay a civil penalty of $18 million to settle a Securities and Exchange Commission probe into the acquisition, days after one of its former board members was arrested on charges of insider trading.
