Trump Venture Seeks $1B Hedge-Fund Backing for Social-Media Plan (The Street)
The new social-media venture from former President Donald Trump is looking to raise up to $1 billion by selling shares to hedge funds, according to a report. Trump Media & Technology Group is already in line to receive $293 million if its deal to debut publicly through a SPAC merger with Digital World Acquisition (DWAC) goes through. But Trump Media is now seeking to raise an additional $1 billion at a valuation of close to $3 billion, sources told Reuters.
Thursday 12/2 Insider Buying Report: SGHT, MPLN (Nasdaq.com)
On Wednesday, Sight Sciences’ Director, Staffan Encrantz, made a $10.97M buy of SGHT, purchasing 525,000 shares at a cost of $20.89 a piece. Sight Sciences is trading up about 7.7% on the day Thursday. Before this latest buy, Encrantz made one other purchase in the past twelve months, buying $12.65M shares at a cost of $24.00 each. And on Monday, EVP & Chief Financial Officer James M. Head purchased $1.30M worth of MultiPlan, purchasing 300,000 shares at a cost of $4.34 each. MultiPlan is trading up about 6.8% on the day Thursday. Investors are able to pick up MPLN at a price even lower than Head did, with shares changing hands as low as $4.09 at last check today which is 5.8% under Head’s purchase price.
The SVP, Corp. Contr of Tetra Tech (NASDAQ: TTEK) is Selling Shares (Analyst Ratings)
On November 30, the SVP, Corp. Contr of Tetra Tech (TTEK), Brian Carter, sold shares of TTEK for $571.2K. Following Brian Carter’s last TTEK Sell transaction on February 24, 2021, the stock climbed by 46.2%. In addition to Brian Carter, one other TTEK executive reported Sell trades in the last month. Based on Tetra Tech’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $892 million and quarterly net profit of $82.95 million.
Palo Alto Networks Inc (PANW) EVP, Chief Technology Officer Nir Zuk Sold $6.5 million of Shares (Guru Focus)
EVP, Chief Technology Officer of Palo Alto Networks Inc, Nir Zuk, sold 12,000 shares of PANW on 12/01/2021 at an average price of $540.72 a share. The total sale was $6.5 million.
SEC Charges Pharma CFO And Former Partner With Insider Trading (PublicNow.com)
The Securities and Exchange Commission today charged the former Chief Financial Officer of pharmaceutical company Immunomedics, Inc. and his former romantic partner with insider trading in the company’s stock. According to the SEC’s complaint, while serving as CFO of Immunomedics, Usama Malik learned that the FDA had permitted the company to halt a clinical trial for a breast cancer drug because the existing trial data provided compelling evidence that the drug was effective. The complaint alleges that Malik – who was subject to a trading “black-out” that prohibited him and anyone living in his household from purchasing Immunomedics stock – immediately tipped Lauren S. Wood, with whom he lived at the time, as well as three family members.
