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Hedge Fund and Insider Trading News: James Dinan, ExodusPoint Capital, Marriott Vacations Worldwide Corp (VAC), OpGen Inc (OPGN), and More

Renewed Spotlight on Rule 10b5-1 Insider Trading Plans: Promoting Transparent Standards for Corporate Insiders Act (Kramer Levin)
On Jan. 28, 2019, the House of Representatives passed with overwhelming bipartisan support (413 to 3) the Promoting Transparent Standards for Corporate Insiders Act (H.R. 624) (the Act). If passed by the Senate, the Act would direct the SEC to carry out a study to determine whether reforms should be made to Rule 10b5-1 under the Securities Exchange Act of 1934 to prevent insiders from exploiting “loopholes” in the rule to profit from trades made using inside information. The Act is intended to address critics of Rule 10b5-1, who point to studies that claim insiders realize abnormal gains when trading in their company’s securities. If enacted, the Act could lead the SEC to make significant changes to the rule.

Regulator Investigates Dutch Power Market Insider Trading (ICIS.com)
LONDON (ICIS)–Dutch market regulator ACM has launched an investigation into possible insider trading on the electricity market, ACM announced on Tuesday. Late last month, the regulator raided the offices of one company to uncover whether it had accurately released insider information. It is still unclear whether this relates to the timing or the type of information published. Under REMIT, EU regulation for energy market trading, ACM is required to conduct an investigation into any possible misconduct.

Insider trading: April 2, 2019 (BIV.com)
The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ended March 28, 2019. The information comes from a compilation of required reports filed with the BC Securities Commission obtained from DisclosureNet.com. Insider Stephen Anthony Marshall, officer. Company: CUV Ventures Corp. (TSX-V:CUV): Shares owned: 1,000,000. Trade date: March 22, 25, 26. Trade total: $3,531,960. Trade: Sale of 9,950,000 shares at prices ranging from $0.28 to $0.40 per share.

The SVP, Controller, CAO of Marriot Vacations (NYSE:VAC) is Selling Shares (AnalystRatings)
Today, the SVP, Controller, CAO of Marriot Vacations (VAC), Laurie Sullivan, sold shares of VAC for $273.9K. In addition to Laurie Sullivan, one other VAC executive reported Sell trades in the last month. Based on Marriot Vacations’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.05 billion and quarterly net profit of $44 million. In comparison, last year the company earned revenue of $571 million and had a net profit of $35.98 million. VAC’s market cap is $4.3B and the company has a P/E ratio of 109.78. Currently, Marriot Vacations has an average volume of 354.5K.

Tuesday 4/2 Insider Buying Report: OPGN, ABTX (Nasdaq.com)
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. At OpGen (OPGN), a filing with the SEC revealed that on Thursday, Chief Executive Officer EVAN/FA Jones bought 417,000 shares of OPGN, at a cost of $0.60 each, for a total investment of $250,200. So far Jones is in the green, up about 3.3% on their buy based on today’s trading high of $0.62. OpGen Inc is trading trading flat on the day Tuesday.

Hormel Foods Corp (NYSE:HRL) Insider Trading Activity – Insider Sold 180,000 shares of Stock (MarketExclusive)
Insider Trading Activity For Hormel Foods Corp (NYSE:HRL): Larry L Vorpahl , Insider of Hormel Foods Corp (NYSE:HRL) reportedly Sold 180,000 shares of the company’s stock at an average price of 44.47 for a total transaction amount of $8,004,600.00.

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