The Group VP of Pool (NASDAQ: POOL) is Selling Shares (Analyst Ratings)
Yesterday, the Group VP of Pool (POOL), Arthur Cook, sold shares of POOL for $975.6K. Following Arthur Cook’s last POOL Sell transaction on March 22, 2019, the stock climbed by 40.5%. In addition to Arthur Cook, 3 other POOL executives reported Sell trades in the last month.
Friday 4/3 Insider Buying Report: UNP, AGO (Nasdaq.com)
At Union Pacific, a filing with the SEC revealed that on Tuesday, Director William J. Delaney III bought 15,000 shares of UNP, at a cost of $138.20 each, for a total investment of $2.07M. So far Delaney III is in the green, up about 3.1% on their purchase based on today’s trading high of $142.55. Union Pacific is trading down about 0.2% on the day Friday. Before this latest buy, Delaney III made one other purchase in the past twelve months, buying $870,300 shares at a cost of $174.06 each. And at Assured Guaranty, there was insider buying on Monday, by Director Thomas W. Jones who purchased 5,000 shares at a cost of $27.60 each, for a trade totaling $137,990. This purchase marks the first one filed by Jones in the past year. Assured Guaranty is trading down about 1% on the day Friday. Investors are able to bag AGO at a price even lower than Jones did, with the stock changing hands as low as $22.66 at last check today — that’s 17.9% below Jones’s purchase price.
Insiders Roundup: NGM, Legg Mason (Guru Focus)
NGM Biopharmaceuticals: Directors and 10% owners Peter Svennilson and David V. Goeddel and 10% owner Column Group LP bought a combined 1 million shares of NGM Biopharmaceuticals Inc. (NGM) for an average price of $12.40 per share on April 2. Shell Midstream Partners: 10% owner Shell Pipeline Co. LP bought 180 million shares of Shell Midstream Partners LP (SHLX) for an average price of $1.66 per share on April 1. The operator of oil and gas midstream assets has a market cap of $2.42 billion and an enterprise value of $4.88 billion. It has institutional ownership of 26.35% and insider ownership of 0.05%. Over the past 12 months, the stock has declined 53%. As of Friday, it was trading 55.77% below its 52-week high and 76.14% above its 52-week low.
SEBI Bars Company Promoters and Insiders from Buying Company Shares till June 30 (The News Minute)
In a bid to curb insider trading, security market regulator, Sebi has reportedly prohibited promoters and insiders from buying company shares till June 30, as companies have been given extra time to report earnings with the stock exchanges. Companies have received additional time to submit their quarterly and annual results in view of the coronavirus crisis and the ongoing lockdown. It means the trading window will have to be closed for promoters and the management from April 1 till 48 hours after declaration of quarterly results.
