Tepper Says Tax Cuts were Too Steep and Likely Borrowed Economic Growth from the Future (CNBC)
Appaloosa Management‘s David Tepper said tax cuts were too steep and likely borrowed economic growth from the future. Tepper made the comments on CNBC’s “Halftime Report” on Wednesday. The billionaire’s $9 billion hedge fund holds stakes in Micron Technology, Facebook and Alibaba and added six new positions in the second quarter, including KeyCorp and Symantec.
Activist Hedge Fund Looks to Push Caesars into a Sale (BizJournals.com)
Just two months after wrapping up the $1.7 billion acquisition of Centaur Holdings, Caesars Entertainment now finds itself being targeted by an activist hedge fund. New York-based HG Vora Capital is looking to shake up the casino company and perhaps inspire a sale. According to multiple media reports, Parag Vora – who runs the hedge fund – has quietly built a small stake in Caesars with the hope that an auction, or asset sale, will soon be underway.
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At Campbell Soup, Heirs Hold the Key as Activist Tries to Remake Board (The Wall Street Journal)
Activist investor Daniel Loeb is testing the cohesion of the family that has controlled Campbell Soup Co. for more than a century with his push to unseat the board and potentially sell the company. Mr. Loeb’s campaign to replace the soup maker’s board, announced last week, needs backing from descendants of John T. Dorrance, the inventor of Campbell’s condensed soup. The family holds at least 45% of the company’s stock.
Soros Fund Management LLC Raises Position in Comerica Incorporated (CMA) (FairFieldCurrent.com)
Soros Fund Management LLC increased its stake in shares of Comerica Incorporated (NYSE:CMA) by 35.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,503 shares of the financial services provider’s stock after buying an additional 84,334 shares during the period. Soros Fund Management LLC owned 0.19% of Comerica worth $29,322,000 at the end of the most recent quarter.
Insider Buying: Zivo Bioscience Inc (ZIVO) Director Buys 102,000 Shares of Stock (XNewsPress.com)
Zivo Bioscience Inc (OTCMKTS:ZIVO) Director Christopher D. Maggiore bought 102,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average price of $0.13 per share, for a total transaction of $13,260.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: Terra Tech Corp (TRTC) Director Buys $119,000.00 in Stock (FairFieldCurrent.com)
Terra Tech Corp (OTCMKTS:TRTC) Director Alan David Gladstone purchased 70,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were purchased at an average cost of $1.70 per share, with a total value of $119,000.00. The acquisition was disclosed in a legal filing with the SEC.
Insider Buying: Legacy Reserves LP Unit (LGCY) Major Shareholder Buys 60,676 Shares of Stock (MareaInformativa.com)
Legacy Reserves LP Unit (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc purchased 60,676 shares of Legacy Reserves LP Unit stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average cost of $5.29 per share, for a total transaction of $320,976.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: PAVmed Inc (PAVM) Chairman Purchases 30,000 Shares of Stock (PressOracle.com)
PAVmed Inc (NASDAQ:PAVM) Chairman Lishan Aklog bought 30,000 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was bought at an average cost of $1.18 per share, with a total value of $35,400.00. Following the transaction, the chairman now directly owns 618,413 shares in the company, valued at approximately $729,727.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: SharpSpring Inc (SHSP) Major Shareholder Purchases 33,363 Shares of Stock (WeekHerald.com)
SharpSpring Inc (NASDAQ:SHSP) major shareholder Cat Rock Capital Management Lp bought 33,363 shares of SharpSpring stock in a transaction on Wednesday, September 12th. The stock was acquired at an average price of $13.18 per share, with a total value of $439,724.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: TechTarget Inc (NASDAQ:TTGT) Director Sells 119,746 Shares of Stock (PressOracle.com)
TechTarget Inc (NASDAQ:TTGT) Director Roger M. Marino sold 119,746 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $24.14, for a total transaction of $2,890,668.44. Following the completion of the sale, the director now owns 2,825 shares of the company’s stock, valued at approximately $68,195.50. The transaction was disclosed in a filing with the SEC.
