Hedge Fund and Insider Trading News: Paul Singer, Ray Dalio, D. E. Shaw & Co., Lone Pine Capital, Marshall Wace LLP, Workday Inc (WDAY), GEE Group Inc (JOB), and More

Hedge Fund Giant Marshall Wace Takes Big Stake in IAG as Airline Industry Faces “Worst Crisis” (Hedge Week)
Marshall Wace, the long-running high-profile hedge fund set up by Sir Paul Marshall and Ian Wace, has taken a 3 per cent share in IAG, the owner of British Airways, Iberia, and Aer Lingus, in a reported bargain swoop for stocks and sectors hit hard by the coronavirus pandemic. The London-based long/short hedge fund giant’s stake – estimated at around GBP140 million (USD181.3 million) – comes after BA earlier this week replaced its chief executive Alex Cruz with Aer Lingus chairman and CEO Sean Doyle, amid what IAG chairman Luis Gallego described as the “worst crisis faced in our industry.”

Workday Inc (WDAY) COO & Executive Vice President James Bozzini Sold $11.4 million of Shares (Guru Focus)
COO & Executive Vice President of Workday Inc, James Bozzini, sold 50,000 shares of WDAY on 10/12/2020 at an average price of $227.1 a share. The total sale was $11.4 million. Workday Inc is a SaaS provider offering enterprise resource planning, or ERP, software for medium and large enterprises. The company’s product portfolio is built around human capital and financial management software.

The CAO of GEE Group (NYSE MKT: JOB) is Selling Shares (Analyst Ratings)
Yesterday, the CAO of GEE Group (JOB), Stuckey Alexander Preston Alexander, sold shares of JOB for $316.8K. JOB’s market cap is $17.67 million and the company has a P/E ratio of 1.10. The company has a one-year high of $2.49 and a one-year low of $0.17. Company insider trades are published daily on the SEC (Securities and Exchange Commission).

Pinterest Inc (PINS) Chairman, President, CEO, Co-F Benjamin Silbermann Sold $13.9 million of Shares (Guru Focus)
Chairman, President, CEO, Co-F of Pinterest Inc, Benjamin Silbermann, sold 315,000 shares of PINS on 10/14/2020 at an average price of $44.27 a share. The total sale was $13.9 million. Pinterest Inc has a market cap of $26.42 billion; its shares were traded at around $43.99 with and P/S ratio of 20.44. GuruFocus has detected 1 severe warning sign with Pinterest Inc.

Insiders Ratchet Up Their Selling (Real Money)
A mix of positive and cautionary technical events generated on the charts of the equity indices leave most in near-term uptrends. However, the combination of increased insider selling pressure versus the Rydex Ratio, which has historically been a prescient leading indicator, combined with valuation lead us to downgrade our near-term market outlook.