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Hedge Fund and Insider Trading News: David Tepper, Citadel Investment Group, Palo Alto Networks Inc (PANW), VIVUS, Inc. (VVUS), and Otelco Inc (OTEL)

A New Chapter is About to Begin for the Carolina Panthers. Here’s What We Know. (
David Tepper‘s $2.275 billion deal to buy the Carolina Panthers is expected to close in the next two weeks, drawing to an end the era of team founder Jerry Richardson. The sale itself is expected to close without much fanfare, but the change of ownership marks a major change in the history of the franchise. The next chapter for the Panthers begins under a sole, outspoken new owner. While much of what Tepper, 60, could do when he takes over (including building new practice facilities and making staffing changes) remains to be seen, here’s what’s known about how the Tepper era will begin.

Northern Trust Completes Technology Acquisition (
CHICAGO–(BUSINESS WIRE)–Northern Trust Corporation announced today that it has completed the previously announced agreement with Citadel to bring Omnium® technology development in-house – including a team of key development professionals as well as software development rights for its Omnium® technology platform. “We are excited to have this technology development team at Northern Trust,” said Peter Cherecwich, president of Northern Trust Corporate & Institutional Services. “Their deep expertise has been a key contributor to our growth, and has been critical to our success in delivering solutions to our clients – which are among the world’s most sophisticated asset managers and institutional investors.”

Insider Trading Wall Street Trader Panic

Luis Louro /

Insider Buying: Palo Alto Networks Inc (PANW) CEO Purchases 33,255 Shares of Stock (
Palo Alto Networks Inc (NYSE:PANW) CEO Nikesh Arora purchased 33,255 shares of the company’s stock in a transaction on Friday, June 8th. The shares were purchased at an average cost of $199.20 per share, for a total transaction of $6,624,396.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission.

Insider Buying: VIVUS, Inc. (NASDAQ:VVUS) Director Buys 50,000 Shares of Stock (
VIVUS, Inc. (NASDAQ:VVUS) Director Herm Rosenman bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average cost of $0.77 per share, with a total value of $38,500.00. Following the completion of the purchase, the director now owns 286,671 shares of the company’s stock, valued at $220,736.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Insider Buying: Otelco Inc (NASDAQ:OTEL) Major Shareholder Purchases 14,710 Shares of Stock (
Otelco Inc (NASDAQ:OTEL) major shareholder Ira Sochet purchased 14,710 shares of Otelco stock in a transaction dated Thursday, June 7th. The stock was bought at an average cost of $13.88 per share, with a total value of $204,174.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission.

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