New York Congressman to Plead Guilty in Insider Trading Case (Reuters)
NEW YORK, Sept 30 (Reuters) – Chris Collins, a Republican U.S. congressman from New York, is expected to plead guilty on Tuesday in a case charging him with taking part in an insider trading scheme involving an Australian biotechnology company. Collins’ son, Cameron Collins, and another man, Stephen Zarsky, are also scheduled to plead guilty in the case on Thursday, court records show.
Alphabet Inc (NASDAQ: GOOGL) Executives are Making Moves with Their Shares (Analyst Ratings)
Yesterday, the SVP, Corp Devp of Alphabet Inc (GOOGL), David Drummond, sold shares of GOOGL for $1.59M. Following David Drummond’s last GOOGL Sell transaction on June 27, 2019, the stock climbed by 149.3%. In addition to David Drummond, 3 other GOOGL executives reported Sell trades in the last month.
Notable Insider Buys In The Past Week: Beacon Roofing, HD Supply, Scientific Games (Benzinga)
The following are a few notable insider purchases reported in the past week. Beacon Roofing: Beacon Roofing Supply, Inc. (BECN) 0.93% saw beneficial owner CD&R Investment Associates IX buying some shares again last week. At about $32.08 each, the more than 3.2 million shares reportedly acquired totaled over $102.88 million. That brought this stake to more than 13.75 million shares. JPMorgan downgraded Beacon Roofing Supply this past week. Its shares were trading at $33.38 each on last look, so the above purchase seems to be well-timed. The stock has changed hands as high as $40 a share in the past year, but the consensus analyst price target is $35.09.
Axsome Therapeutics Inc (AXSM) CFO Nick Pizzie Bought $54,064 of Shares (Guru Focus)
CFO of Axsome Therapeutics Inc., Nick Pizzie, bought 2,180 shares of AXSM on 09/26/2019 at an average price of $24.8 a share. The total cost of this purchase was $54,064. Axsome Therapeutics Inc is a pharmaceutical company in the United States. It focuses on developing novel therapeutics for the redressal of diseases related to the central nervous system. Axsome Therapeutics Inc has a market cap of $760.306 million; its shares were traded at around $22.09.
Dominique Leroy Loses Both Jobs After Insider Trading Allegations (CapacityMedia.com)
Netherlands operator KPN has withdrawn the appointment of Dominique Leroy as its next CEO. She had been CEO of Belgian operator Proximus until just over a week ago, but then she was suddenly enmeshed in an insider trading investigation after she sold €285,000 worth of shares in her old company, a few weeks before she left. This is only 30% of the €935,000 a year she was due to get at KPN, but the timing has undermined her appointment – especially as KPN did not know how long the investigation would take. “The duration of the procedures which concern Mrs Leroy by the authorities in Belgium is unclear and unpredictable,” said KPN this morning.
Insider buying at GameStop (Seeking Alpha)
Barron’s reminds that four GameStop (GME +2.6%) insiders have snapped up shares this month in the first open-market purchases by insiders since September of 2016. The insider buying action arrived after shares of GameStop fell off more than 50% YTD and with the retailer now a battleground stock between longs and shorts.
