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Hedge Fund and Insider Trading News: Dan Sundheim, Jim Chanos, Christopher Hohn, Millennium Management, RingCentral Inc (RNG), Quest Diagnostics Inc (DGX), and More

The SVP & GC of Quest Diagnostics (NYSE: DGX) is Selling Shares (Analyst Ratings)
Yesterday, the SVP & GC of Quest Diagnostics (DGX), Michael Prevoznik, sold shares of DGX for $4.24M. Following Michael Prevoznik’s last DGX Sell transaction on December 04, 2019, the stock climbed by 13.7%. The company has a one-year high of $131.81 and a one-year low of $73.02. Currently, Quest Diagnostics has an average volume of 510.11K. DGX’s market cap is $15.67 billion and the company has a P/E ratio of 21.30.

Warren Calls SEC, CFTC to Probe White House for Insider Trading (Bloomberg Law)
Democratic Senator Elizabeth Warren requests the Securities and Exchange Commission and Commodities Futures Trading Commission investigate Trump administration officials for privately alarming conservative allies about the economic impact of the pandemic. NOTE: A New York Times report on Oct. 14 said the administration was cautioning allies privately in February while Trump was publicly optimistic about the U.S. handling of the pandemic. “If this report is accurate, it represents an appalling abdication of duty by President Trump and top officials in his administration,” Warren writes in letter to agencies. Inc (FLWS) CEO and President Christopher G Mccann Sold $1.6 million of Shares (Guru Focus)
CEO and President of Inc, Christopher G Mccann, sold 55,449 shares of FLWS on 10/15/2020 at an average price of $28.52 a share. The total sale was $1.6 million. Inc is a U.S. based provider of gourmet food and gift baskets, consumer floral, and BloomNet wire service.

Ringcentral Inc (RNG) CEO & Chairman Vladimir Shmunis Sold $8.4 million of Shares (Guru Focus)
CEO & Chairman of Ringcentral Inc, Vladimir Shmunis, sold 30,000 shares of RNG on 10/15/2020 at an average price of $278.94 a share. The total sale was $8.4 million. RingCentral Inc provides software-as-a-service, or SaaS, solutions for business communications. Its solutions can be used in multiple devices including Smartphones, Tablets, PC’s and Desk Phones which allows for communication across multiple channels.

Canada: Insider Trading Isn’t Just A Public Markets Problem (
For most people, the concept of insider trading likely conjures up thoughts of public companies and famous U.S. cases. For instance, Jeff Skilling, the CEO of Enron, being sentenced to 24 years in prison and fined $45 million for insider trading and other crimes relating to the Enron fraud. Or Martha Stewart getting tipped off by her broker and selling $230,000 of stock in ImClone the day before the company publicly disclosed that it failed to get FDA approval for its new drug. In Canada, we have securities regulators who regularly prosecute insider trading cases – check it out, they are easy to find on the enforcement pages on the websites of securities commissions across the country.

Novagold Resources Inc (NG) President and CEO Gregory A. Lang Sold $1 million of Shares (Guru Focus)
President and CEO of Novagold Resources Inc, Gregory A. Lang, sold 91,723 shares of NG on 10/15/2020 at an average price of $11 a share. The total sale was $1 million. Novagold Resources Inc is a mineral exploration company operating in the gold mining industry, focused on advancing permitting of the Donlin Gold project in Alaska. The Company also has interest in the Galore Creek project in British Columbia, Canada.