Hedge Fund and Insider Trading News: David Einhorn, Steve Cohen, Poseidon Asset Management, Apartment Investment and Management Co (AIV), FedEx Corporation (FDX), and More

Insider trading scandal at Imclone brought down Martha Stewart and Sam Waksal (TheTimes.co.uk)
The biography of Sam Waksal issued by Redx Pharma yesterday detailed the veteran biotechnology businessman’s time developing one of the world’s bestselling drugs. It omitted any reference to his role in the insider trading scandal at Imclone Systems, which led to jail sentences for him and for Martha Stewart, the US television personality who built a catering business into a media empire.

Apartment Investment & Management Co (AIV) Chairman & CEO Terry Considine Sold $5.1 million of Shares (Guru Focus)
Chairman & CEO of Apartment Investment & Management Co., Terry Considine, sold 100,000 shares of AIV on 12/30/2019 at an average price of $51.14 a share. The total sale was $5.1 million. Apartment Investment & Management Co is a self-administered and self-managed real estate investment trust, or REIT, engaged in the ownership and operation of a diversified portfolio of apartment properties.

FedEx Stock Ended 2019 With a Loss. One Director Bought Up Shares in December. (Barron’s)
FedEx stock ended 2019 in the red, but as the year was coming to a close, one director at the logistics giant was scooping up stock. FedEx stock (ticker: FDX) closed at $151.21 on Dec. 31 for a 6.3% loss for the year. Earnings and guidance disappointments have weighed on shares, as the company blamed “a weakening global macro environment driven by increasing trade tensions and policy uncertainty.” FedEx stock tumbled on Dec. 18, closing 10% lower after the company’s fiscal-second-quarter report let down investors.

The CEO of Photronics (NASDAQ: PLAB) is Buying Shares (Analyst Ratings)
Yesterday, the CEO of Photronics (PLAB), Peter Kirlin, bought shares of PLAB for $180.2K. Following this transaction Peter Kirlin’s holding in the company was increased by 12.17% to a total of $4.51 million. Following Peter Kirlin’s last PLAB Buy transaction on December 12, 2014, the stock climbed by 7.6%.