Moody’s Corporation (MCO) President and CEO Raymond W Mcdaniel Sold $12.4 million of Shares (Guru Focus)
President and CEO of Moody’s Corporation, Raymond W Mcdaniel, sold 42,662 shares of MCO on 11/06/2020 at an average price of $290.21 a share. The total sale was $12.4 million. Moody’s Corporation publishes credit ratings, and research reports on fixed-income securities, issuers of securities, and other credit obligations. The company primarily provides opinions and reports to investors and institutions.
Mets’ Steve Cohen, Sandy Alderson Press Conference: New Owner Talks Free Agency, Trades, More | LIVE UPDATES (NJ.com)
There’s a new king of Queens, and his name is Steve Cohen. The billionaire hedge fund manager is meeting with the media Tuesday for his first press conference since buying the New York Mets. Joining him during the availability will be Sandy Alderson, the former general manager who Cohen installed as team president.
Elliott Management Prods Evergy to Resume NextEra Merger Talks (The Street)
Elliott Management, the hedge fund run by Paul Singer, called upon power utility Evergy (EVRG) – to “immediately reengage” with NextEra Energy (NEE) – one day after reportedly rejecting a $15 billion acquisition offer. Shares of the Kansas City-based Evergy were up slightly to $58.03, while Juno Beach, Fla.-based NextEra Energy was up nearly 1% to $76.02 at last check.
Highflying New York Hedge Fund Sets Up Outpost in Dallas’ Crescent (Dallas News)
A high-profile New York hedge fund investment firm is headed to Dallas for a new office location. Schonfeld Strategic Advisors is leasing office space in Uptown’s Crescent complex for a new Dallas operation. Founded by billionaire Steven Schonfeld, the Manhattan-based financial firm has other offices in Hong Kong, London and Singapore. The company employs almost 1,000 people. Schonfeld is taking almost 3,000 square feet in the Crescent at Pearl Street and Cedar Springs Road. The new office is set to open in January.
Ex-CFO of Port Company Pleads Guilty to Insider Trading (The Island Now)
A former executive at a Port Washington-based pharmaceutical company has pleaded guilty to charges of securities fraud for insider trading. Douglas Roth of East Northport was serving as CFO of Aceto Corp., a company engaged in the development, marketing, sale and distribution of what court documents call “generic pharmaceuticals and chemicals,” when prosecutors say he attempted to avoid company losses by selling stock prior to announcing a $100 million writedown.
The CTO of Zillow Group Class C (NASDAQ: Z) is Selling Shares (Analyst Ratings)
Yesterday, the CTO of Zillow Group Class C (Z), David Beitel, sold shares of Z for $9.2M. Based on Zillow Group Class C’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $768 million and GAAP net loss of -$84,448,000. In comparison, last year the company earned revenue of $600 million and had a GAAP net loss of $71.98 million. The company has a one-year high of $119.47 and a one-year low of $20.04. The Company has a Price to Book ratio of 12.21.
Idex Corp (IEX) Chairman and CEO Andrew K Silvernail Sold $28.9 million of Shares (Guru Focus)
Chairman and CEO of Idex Corp., Andrew K Silvernail, sold 152,450 shares of IEX on 11/09/2020 at an average price of $189.66 a share. The total sale was $28.9 million. IDEX Corp produces and distributes flow meters, injectors, and other fluid-handling pump modules. Its business segments are Fluid and Metering Technologies, Health and Science Technologies and Fire and Safety/Diversified Products.
