Big Hedge Fund Sold Intel and Microsoft Stock. Here Are the 2 Bank Stocks It Bought. (Barron’s)
Brazilian hedge fund Adam Capital Gestão de Recursos owns large investments in only a few U.S.-traded stocks, but it made some major trades in the first quarter, a period when the coronavirus pandemic caused market volatility. The fund slashed investments in Intel (ticker: INTC) and Microsoft stock (MSFT), and dramatically increased stakes in JPMorgan Chase (JPM) and Bank of America stock (BAC). Adam Capital disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
Monday 6/1 Insider Buying Report: CFR, FIF (Nasdaq.com)
On Friday, Cullen/Frost Bankers’s Director, Samuel G. Dawson, made a $99,857 purchase of CFR, buying 1,306 shares at a cost of $76.46 a piece. Cullen/Frost Bankers, Inc. is trading up about 0.1% on the day Monday. And on Wednesday, James Murchie bought $71,522 worth of First Trust Energy Infrastructure Fund, buying 6,500 shares at a cost of $11.00 each. First Trust Energy Infrastructure Fund is trading up about 0.7% on the day Monday.
Notable Insider Buys: Avis, Dynavax And Formula One (Benzinga)
Here are some of the most noteworthy insider purchases reported in the past week. Formula One Group: Liberty Media Formula One (FWONA) saw 10% owner Berkshire Hathaway Inc. (NYSE: BRK-A) add nearly 3.17 million shares of this motorsport company to its stake. At per-share prices ranging from $33.07 to $37.05, that totaled almost $112.42 million. Avis Budget: Beneficial owner SRS Investment Management purchased almost 500,000 Avis Budget Group Inc. (CAR) shares of this New Jersey-based company last week. Share prices ranged from $18.57 to $20.59 apiece, and the total for these transactions was more than $9.88 million.
Insider Buying at Carrier, Greenbrier and Zion (Guru Focus)
Three CEOs took million-dollar bites of their own cooking in May. At Carrier Global Corp. (NYSE:CARR), which makes heating and air conditioning equipment, Chief Executive David Gitlin spent just over $1 million to increase his stake. At Greenbrier Companies Inc. (NYSE:GBX), which manufactures rail cars, a trust connected with CEO William Furman added 100,000 shares to the 240,096 shares it already owned. The trust paid $1.65 million. And at Zions Bancorp NA (NASDAQ:ZION), a bank with headquarters in Salt Lake City, CEO Harris Simmons spent $1.05 million to add to his hoard of shares.
The Corp. VP – Marketing of Vicor (NASDAQ: VICR) is Selling Shares (Analyst Ratings)
Today, the Corp. VP – Marketing of Vicor (VICR), GENDRON ROBERT, sold shares of VICR for $141.7K. Following GENDRON ROBERT’s last VICR Sell transaction on May 05, 2020, the stock climbed by 8.2%. In addition to GENDRON ROBERT, 8 other VICR executives reported Sell trades in the last month.
