Friday 6/19 Insider Buying Report: PURE, PK (Nasdaq.com)
At Pure Bioscience, a filing with the SEC revealed that on Wednesday, Chief Executive Officer Tom Y. Lee purchased 202,033 shares of PURE, at a cost of $1.74 each, for a total investment of $351,871. So far Lee is in the green, up about 13.7% on their buy based on today’s trading high of $1.98. Pure Bioscience is trading up about 3.3% on the day Friday. Before this latest buy, Lee purchased PURE on 2 other occasions during the past twelve months, for a total investment of $508,161 at an average of $0.29 per share. And on Monday, Thomas A. Natelli purchased $224,175 worth of Park Hotels & Resorts, purchasing 20,000 shares at a cost of $11.21 a piece. Before this latest buy, Natelli bought PK at 3 other times during the past twelve months, for a total cost of $273,350 at an average of $15.19 per share. Park Hotels & Resorts is trading up about 1.5% on the day Friday.
Williams-Sonoma Inc (WSM) PRESIDENT & CEO Laura Alber Sold $1.3 million of Shares (Guru Focus)
PRESIDENT & CEO of Williams-Sonoma Inc, Laura Alber, sold 15,000 shares of WSM on 06/16/2020 at an average price of $84.17 a share. The total sale was $1.3 million. Williams-Sonoma Inc is a multi-channel specialty retailer of home furnishings in the United States and Canada. Its segments include e-commerce and retail. Williams-Sonoma Inc has a market cap of $6.7 billion; its shares were traded at around $86.15 with a P/E ratio of 20.12 and P/S ratio of 1.16.
Snap Inc (SNAP) CFO Derek Andersen Sold $1.7 million of Shares (Guru Focus)
CFO of Snap Inc, Derek Andersen, sold 80,128 shares of SNAP on 06/17/2020 at an average price of $21.21 a share. The total sale was $1.7 million. Snap Inc is a camera application developer. Its main product is Snapchat, a camera application created to help people communicate through short videos and images. It also offers Spectacles, which are camera-enabled sunglasses. Snap Inc has a market cap of $31.79 billion; its shares were traded at around $21.99 with and P/S ratio of 16.57.
A Director at Vector Group (NYSE: VGR) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Vector Group (VGR), Bennett Lebow, sold shares of VGR for $1.81M. In addition to Bennett Lebow, 2 other VGR executives reported Sell trades in the last month. Based on Vector Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $454 million and GAAP net loss of -$3,231,000.
The Challenges Of Prosecuting Congressional Insider Trading (Law360.com)
Law360 (June 18, 2020, 5:32 PM EDT) — Allegations that U.S. senators traded on confidential briefings about COVID-19 have brought new enforcement attention to the rarely used Stop Trading on Congressional Knowledge, or STOCK, Act. In a sign of significant escalation, last month the FBI reportedly seized the mobile phone of Sen. Richard Burr, R-N.C., in connection with one such investigation, even as the U.S. Department of Justice announced it was closing investigations into Sens. Kelly Loeffler, R-Ga., Jim Inhofe, R-Okla., and Diane Feinstein, D-Calif.
Deutsche Bank to Pay Over $10 Million to Settle Two CFTC Cases (HedgeCo.net)
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the settlement of two enforcement matters involving Deutsche Bank. In the first matter, Deutsche Bank AG (Deutsche Bank) resolved federal court charges stemming from alleged violations of various swap data reporting and other regulatory violations. In the second matter, the CFTC issued an administrative order against Deutsche Bank Securities Inc. (DBSI), filing and settling charges that two of DBSI’s traders engaged in spoofing. According to the order, DBSI manually placed bids or offers on the Chicago Mercantile Exchange (CME) with the intent to cancel those bids or offers before execution, an illegal practice known as spoofing.
