Ensuing Bidding War? (Hedge Nordic)
Stockholm (HedgeNordic) – Chelonia Market Neutral’s fourth-largest holding is subject to a public takeover bid. On Thursday morning, Norway’s biggest bank DNB announced an agreement to buy its smaller peer Sbanken for a cash consideration of NOK 103.87 per share at a premium of about 30 percent over the closing price of NOK 80 on April 14. This represents the third takeover offer on Chelonia Market Neutral’s larger holdings over the past three years, besides Swedish healthcare company Capio and Danish telecom TDC.
Investor Einhorn Says Palihapitiya, Musk Poured ‘Jet Fuel’ on GameStop (Reuters)
BOSTON (Reuters) – Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw “jet fuel” on the GameStop Corp trading frenzy in January when the video retailer’s shares rose by 2,000% and later prompted a hearing in U.S. Congress. Einhorn, who runs hedge fund Greenlight Capital, also said U.S. lawmakers seeking answers to how day traders were able to wrest control of GameStop’s share price from established hedge funds should probe regulators instead of investors.
$14 Billion Hedge Fund Brevan Howard Set to Start Buying Cryptocurrencies, as Institutional Interest Booms (Business Insider)
Brevan Howard, one of Europe’s largest hedge funds, is set to become the latest big-name investor to start buying cryptocurrencies. The $13.7 billion fund’s managers have decided the cryptocurrency market has matured sufficiently to start investing for its clients, according to a person familiar with the matter. Brevan Howard has set up a new fund which will start to invest in digital assets, the person said. It will be overseen by crypto investment firm Distributed Global’s co-founders Johnny Steindorff and Tucker Waterman.
Friday 4/16 Insider Buying Report: VOLT, XPL (Nasdaq.com)
On Thursday, Volt Information Sciences’ Director, Arnold Ursaner, made a $24,601 purchase of VOLT, buying 6,150 shares at a cost of $4.00 each. Volt Information Sciences is trading up about 0.9% on the day Friday. Before this latest buy, Ursaner purchased VOLT on 4 other occasions during the past twelve months, for a total investment of $30,366 at an average of $1.38 per share. And at Solitario Zinc, there was insider buying on Wednesday, by Director James KB Hesketh who bought 25,000 shares for a cost of $0.31 each, for a trade totaling $7,750. Solitario Zinc is trading off about 13.3% on the day Friday. Hesketh was up about 125.7% on the buy at the high point of today’s trading session, with XPL trading as high as $0.70 at last check today.
Novocure (NVCR) CEO Asaf Danziger Sold $19.2 million of Shares (Guru Focus)
CEO of Novocure, Asaf Danziger, sold 97,973 shares of NVCR on 04/13/2021 at an average price of $196.34 a share. The total sale was $19.2 million. NovoCure Ltd is a medical systems developer in the United States. Its primary product is the TTFields delivery system, which is a low-intensity therapy to combat acute tumors.
Target (NYSE: TGT) Executives are Making Moves with Their Shares (Analyst Ratings)
Yesterday, the Exec. Officer of Target (TGT), Michael Edward McNamara, sold shares of TGT for $6.42M. Following Michael Edward McNamara’s last TGT Sell transaction on August 30, 2019, the stock climbed by 101.8%. In addition to Michael Edward McNamara, 3 other TGT executives reported Sell trades in the last month.
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