Nomura, Credit Suisse Warn of Big Losses After Archegos Share Dump (Reuters)
Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, had triggered a fire sale of stocks on Friday, a source familiar with the matter said. Nomura, Japan’s largest investment bank, warned on Monday it faced a possible $2 billion loss due to transactions with a U.S. client while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.
Insider Trading: March 29, 2021 (BIV.com)
Insider Gordon Crawford, director. Company: Lions Gate Entertainment Corp. (NYSE:LGF). Shares owned: 757,251. Trade date: March 11, 12. Trade total: US$1,559,226. Trade: Acquisition of 100,000 shares at prices from US$15.40 to US$15.70 per share. Insider Tony Geheran, officer. Company: Telus Corp. (TSX:T). Shares owned: 100,814. Trade date: March 12. Trade total: $950,400. Trade: Sale of 36,000 shares at a price of $26.40 per share.
Monday 3/29 Insider Buying Report: DBI, GBDC (Nasdaq.com)
On Wednesday, Designer Brands (DBI)’s Director, Joseph A. Schottenstein, made a $3.85M buy of DBI, purchasing 273,099 shares at a cost of $14.11 a piece. Schottenstein was up about 27.4% on the purchase at the high point of today’s trading session, with DBI trading as high as $17.97 in trading on Monday. Designer Brands is trading up about 10.8% on the day Monday. And on Thursday, Chairman Lawrence E. Golub bought $59,296 worth of Golub Capital BDC (GBDC), buying 4,000 shares at a cost of $14.82 each. Before this latest buy, Golub purchased GBDC on 60 other occasions during the past year, for a total cost of $16.74M at an average of $12.94 per share. Golub Capital BDC is trading off about 0.4% on the day Monday. So far Golub is in the green, up about 2.1% on their purchase based on today’s trading high of $15.13.
Autodesk Inc (ADSK) President and CEO Andrew Anagnost Sold $11.5 million of Shares (Guru Focus)
President and CEO of Autodesk Inc, Andrew Anagnost, sold 43,735 shares of ADSK on 03/26/2021 at an average price of $264.07 a share. The total sale was $11.5 million. Autodesk Inc is engaged in the software industry. It develops software for a number of markets such as construction and media.
The Executive of Impala Platinum Holdings (Other OTC: IMPUF) is Selling Shares (Analyst Ratings)
Yesterday, the Executive of Impala Platinum Holdings (IMPUF), Lee-Ann Samuel, sold shares of IMPUF for $10.31M. In addition to Lee-Ann Samuel, 15 other IMPUF executives reported Sell trades in the last month. Following Lee-Ann Samuel’s last IMPUF Sell transaction on December 24, 2020, the stock climbed by 4.1%.
