Walgreens Stock Hit a Multiyear Low, but a Top Executive Is Buying (Barron’s)
Walgreens Boots Alliance stock is at a multiyear low, and a top executive at the pharmacy chain has just bought nearly $1 million in shares. Walgreens shares (ticker: WBA) cratered on Tuesday after the company reported disappointing earnings for its fiscal second quarter. Management reduced its forecast for annual profits.
Friday 4/5 Insider Buying Report: WBA, RMBL (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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. And on Thursday, Denmar John Dixon bought $240,249 worth of RumbleON, buying 50,415 shares at a cost of $4.77 a piece. Before this latest buy, Dixon bought RMBL on 3 other occasions during the past twelve months, for a total investment of $110,016 at an average of $5.19 per share. RumbleON is trading up about 7.8% on the day Friday.
Pareto Network co-founder Talks About Policing Insider Trading (CoinRivet)
The United States is one of the only developed countries that doesn’t explicitly forbid insider trading. Each case comes down to a matter of particulars. Preet Bharara, former US Attorney for New York’s Southern District, recently announced what he calls the “Bharara Task Force on Insider Trading” – an assembly of legal experts dedicated to reforming US legislation “to protect investors”. The idea is to clear out some of the grey space surrounding insider trading.
Securities Group Supports Legislative Proposals at Hearing (FinancialRegNews.com)
“We strongly support the current bill, and we look forward to working with the Chairwoman and the Committee in passing the legislation this year,” Lubin testified. NASAA also expressed support for the Insider Trading Prohibition Act of 2019, which would create an explicit statutory definition of “insider trading.” Lubin said this is a major step forward in codifying much of the existing insider trading case law. In addition, NASAA supports the 8-K Trading Gap Act of 2019. This bill seeks to quash the opportunity to take advantage of non-public information that occur between the time an insider learns of a corporate event and the required filing with the SEC of a Form 8-K.
The Chief SC & GBS Officer of General Mills (NYSE: GIS) is Selling Shares (AnalystRatings.com)
Today, the Chief SC & GBS Officer of General Mills (GIS), John Church, sold shares of GIS for $239.6K. In addition to John Church, 5 other GIS executives reported Sell trades in the last month. Based on General Mills’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $4.2 billion and quarterly net profit of $447 million. In comparison, last year the company earned revenue of $3.88 billion and had a net profit of $941 million. GIS’s market cap is $30.1B and the company has a P/E ratio of 19.67. Currently, General Mills has an average volume of 2.51M.
Twin River Worldwide Holdings Inc (NYSE:TRWH) Insider Trading Activity – Major Shareholder Bought 77,251 shares of Stock (Market Exclusive)
Insider Trading Activity For Twin River Worldwide Holdings Inc (NYSE:TRWH): Chatham Asset Management, Llc , Major Shareholder of Twin River Worldwide Holdings Inc (NYSE:TRWH) reportedly Bought 77,251 shares of the company’s stock at an average price of 30.75 for a total transaction amount of $2,375,468.25.
