Hedge Fund and Insider Trading News: ExodusPoint Capital Management, Chiron Investment Management, Elliott Management, Bridgewater Associates, PNC Financial Services Group Inc (PNC), Huntington Ingalls Industries Inc (HII), and More

SEC Sues Israelis Linked to International Insider Trading Ring (NewsMax.com)
The U.S. Securities and Exchange Commission sued two Israeli citizens linked to a sprawling international insider-trading ring. Tomer Feingold, 40, and Dov Malnik, 42, were accused in a suit filed Tuesday in Manhattan federal court of using tips on planned health care mergers to make more than $4 million in illegal profits. The men were named in January trial testimony by Marc Demane Debih, a former Geneva-based trader who has admitted making more than $70 million from his role at the center of the ring. According to the SEC, Feingold and Malnik traded on information passed to them by Demane Debih, who is identified as “Trader A” in the agency’s suit.

Wednesday 3/4 Insider Buying Report: PNC, DOW (Nasdaq.com)
On Friday, PNC Financial Services Group’s Director, Andrew T. Feldstein, made a $2.98M buy of PNC, purchasing 24,168 shares at a cost of $123.49 each. Feldstein was up about 4.1% on the purchase at the high point of today’s trading session, with PNC trading as high as $128.59 in trading on Wednesday. PNC Financial Services Group is trading up about 0.5% on the day Wednesday. And at Dow, there was insider buying on Friday, by Director Jeff M. Fettig who bought 15,000 shares at a cost of $38.13 each, for a total investment of $571,950. Before this latest buy, Fettig made one other purchase in the past year, buying $1.38M shares for a cost of $46.00 a piece. Dow is trading trading flat on the day Wednesday. So far Fettig is in the green, up about 9.0% on their buy based on today’s trading high of $41.55.

A Director at Huntington Ingalls (NYSE: HII) is Buying Shares (Analyst Ratings)
Yesterday, a Director at Huntington Ingalls (HII), Thomas Schievelbein, bought shares of HII for $831.6K. This recent transaction increases Thomas Schievelbein’s holding in the company by 27.04% to a total of $4.52 million. This is Schievelbein’s first transaction since reporting a Buy transaction on BCO back in March 2011.

Daktronics Inc (DAKT) Chairman, President and CEO Reece A Kurtenbach Bought $132,250 of Shares (Guru Focus)
Chairman, President and CEO of Daktronics Inc., Reece A Kurtenbach, bought 25,000 shares of DAKT on 03/03/2020 at an average price of $5.29 a share. The total cost of this purchase was $132,250. Daktronics Inc along with its subsidiaries is engaged in the design, manufacture and sale of electronic display systems and related products for Commercial, Live Events, Schools and Theatres, and Transportation.