Millennium Management LLC Makes New Investment in Blackrock Muniholdings Fund II Inc. (NYSE:MUH) (RivertonRoll.com)
Millennium Management LLC purchased a new position in Blackrock Muniholdings Fund II Inc. (NYSE:MUH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,444 shares of the investment management company’s stock, valued at approximately $368,000. Millennium Management LLC owned about 0.22% of Blackrock Muniholdings Fund II at the end of the most recent quarter.
Recent Notable Insider Buys: Conagra Brands And Lamb Weston (Benzinga)
Lamb Weston: A director at Lamb Weston Holdings Inc (LW) purchased 18,000 shares of this Idaho-based frozen potato products maker last week. At an average of $92.01 per share, that totaled more than $1.65 million. Note that the CFO and several other executives have been selling shares this month.
Monday 1/13 Insider Buying Report: EDSA, EIGR (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. On Wednesday, Edesa Biotech (EDSA)’s , Velden Peter Van Der, made a $450,000 buy of EDSA, purchasing 140,625 shares at a cost of $3.20 each. Van Der was up about 20.9% on the buy at the high point of today’s trading session, with EDSA trading as high as $3.87 in trading on Monday. Edesa Biotech is trading up about 3.6% on the day Monday. This buy marks the first one filed by Van Der in the past year.
Nordson Corp (NDSN) Executive Vice President, CFO Gregory A Thaxton Sold $2.1 million of Shares (Guru Focus)
Executive Vice President, CFO of Nordson Corp., Gregory A Thaxton, sold 13,000 shares of NDSN on 01/10/2020 at an average price of $164.16 a share. The total sale was $2.1 million. Nordson Corp engineers, manufactures and markets differentiated products and systems used for adhesive, coating, sealant and biomaterial dispensing, fluid management, testing and inspection, curing, and surface treatment. Nordson Corp has a market cap of $9.45 billion; its shares were traded at around $163.70 with a P/E ratio of 28.27 and P/S ratio of 4.35.
Prosecutors Want Ex-Rep. Chris Collins to Serve Nearly 5 Years in Prison for Insider Trading Case (CNBC)
Federal prosecutors on Monday urged a judge to sentence former Rep. Chris Collins, a New York Republican, later this week to nearly five years in prison for an insider trading case, citing his lies to FBI agents and his efforts to get others to cover up his crime. Collins, who represented a Buffalo-area district, pleaded guilty in October to tipping off his son Cameron about a failed drug test by an Australian pharmaceuticals company, Innate Immunotherapeutics, whose board Collins sat on, before the test results were made public.
