Short Activist Hedge Fund Says Buy This Japan-Listed Cybersecurity Stock (Forbes)
Gabriel Grego, managing partner at Quintessential Capital, is best known for his short-selling campaigns that have seen average returns of 83% over the last five years. He has now turned his attention to a stock that he thinks has been overlooked and poised to rally. The company, Sun Corporation, is an Israeli cybersecurity business that trades on Japan’s JASDAQ Securities Exchange under ticker symbol 6736. Grego introduced the investment thesis at yesterday’s Contrarian Investor Virtual Conference in a presentation titled “A Hidden Gem in the Rising Sun.”
The President of ASGN (NYSE: ASGN) is Selling Shares (Analyst Ratings)
On August 11, the President of ASGN (ASGN), Randolph Blazer, sold shares of ASGN for $705.6K. In addition to Randolph Blazer, 2 other ASGN executives reported Sell trades in the last month. The company has a one-year high of $74.78 and a one-year low of $29.04. ASGN’s market cap is $3.82 billion and the company has a P/E ratio of 20.40. Currently, ASGN has an average volume of 197.77K.
Thursday 8/13 Insider Buying Report: BHVN, PMBC (Nasdaq.com)
On Tuesday, Biohaven Pharmaceutical Holding’s , John W. Childs, made a $1.54M purchase of BHVN, buying 25,000 shares at a cost of $61.54 each. Biohaven Pharmaceutical Holding is trading up about 3.9% on the day Thursday. And at Pacific Mercantile Bancorp, there was insider buying on Tuesday, by James F. Deutsch who purchased 292,500 shares at a cost of $3.50 each, for a total investment of $1.02M. Before this latest buy, Deutsch purchased PMBC on 2 other occasions during the past year, for a total investment of $232,102 at an average of $4.33 per share. Pacific Mercantile Bancorp is trading up about 5.6% on the day Thursday. Deutsch was up about 14.6% on the buy at the high point of today’s trading session, with PMBC trading as high as $4.01 in trading on Thursday.
Ex-Apple Lawyer Stuck With ‘Classical’ Inside Trading Indictment (Bloomberg Law)
A former Apple Inc. attorney’s alleged conduct represents “a ‘classical’ case of insider trading,” so his indictment for trading on non-public information stands, a New Jersey federal judge said. Gene Levoff, who worked for Apple from 2008 to 2018, argued that the indictment should be tossed because there’s “no statute that explicitly criminalizes insider trading,” the U.S. District Court for the District of New Jersey said. But the Securities and Exchange Commission “did promulgate a rule barring classical insider trading,” and Levoff’s “alleged conduct fits squarely within” it, Judge William J. Martini said Wednesday.
The EVP, TTEC Engage of TTEC Holdings (NASDAQ: TTEC) is Selling Shares (Analyst Ratings)
On August 11, the EVP, TTEC Engage of TTEC Holdings (TTEC), Martin Deghetto, sold shares of TTEC for $1.15M. Following Martin Deghetto’s last TTEC Sell transaction on August 20, 2019, the stock climbed by 8.4%. Based on TTEC Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $432 million and quarterly net profit of $21.53 million. In comparison, last year the company earned revenue of $393 million and had a net profit of $11.8 million. The company has a one-year high of $59.84 and a one-year low of $26.28. The Company has a Price to Book ratio of 128.47.
