Half of Insider-Trading Defendants Net Less Than $60,000 (The Wall Street Journal)
WASHINGTON—Insider trading evokes images of Wall Street whizzes whispering lucrative secrets, but many offenders are friends and family members of company employees who score modest illegal gains, according to new research. Half of all inside traders targeted by authorities made less than $59,000, while nearly 40% were friends and relatives of company employees who were close to market-moving information, according to a working paper by Michael Perino of St. John’s University School of Law in New York.
Friday 3/15 Insider Buying Report: FOX, ATVI (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Thursday, Twenty-First Century Fox (FOX)’s Executive Chairman, Lachlan K. Murdoch, made a $16.2M buy of FOX, purchasing 316,317 shares at a cost of $51.20 a piece. Murdoch was up about 1.0% on the buy at the high point of today’s trading session, with FOX trading as high as $51.72 at last check today. Twenty-First Century Fox is trading up about 0.7% on the day Friday. Before this latest buy, Murdoch made one other purchase in the past twelve months, buying $6.27M shares at a cost of $45.48 each.
Volkswagen, Former CEO Charged With Defrauding Bond Investors During “Clean Diesel” Emissions Fraud (Hedgeco.Net)
(HedgeCo.Net) The Securities and Exchange Commission has charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding U.S. investors, raising billions of dollars through the corporate bond and fixed income markets while making a series of deceptive claims about the environmental impact of the company’s “clean diesel” fleet. According to the SEC’s complaint, from April 2014 to May 2015, Volkswagen issued more than $13 billion in bonds and asset-backed securities in the U.S. markets at a time when senior executives knew that more than 500,000 vehicles in the United States grossly exceeded legal vehicle emissions limits, exposing the company to massive financial and reputational harm.
Member of a Group Hyster-Yale Materials Handling Inc (NYSE: HY) is Selling Shares (AnalystRatings)
Today, member of a Group Hyster-Yale Materials Handling Inc (HY), Theodore Taplin, sold shares of HY for $159.2K. In addition to Theodore Taplin, 327 other HY executives reported Sell trades in the last month. This is Taplin’s first transaction since reporting a Sell transaction on NC back in June 2016.
Graco Inc. (NYSE:GGG) Insider Trading Activity – Insider Sold 90,000 shares of Stock (MarketExclusive)
Insider Trading Activity For Graco Inc. (NYSE:GGG): Dale D Johnson , Insider of Graco Inc. (NYSE:GGG) reportedly Sold 90,000 shares of the company’s stock at an average price of 47.85 for a total transaction amount of $4,306,500.00.
