Novogratz: We Have Money-Printing Orgy Going on, Amazing Environment to Buy Bitcoin (Bitcoin.com)
Galaxy Digital chairman Michael Novogratz said that bitcoin is his pick under the current financial situation, describing it as an “amazing environment” to buy bitcoin. With “global money printing orgy,” a possible another trillion-dollar stimulus package, and “money growing on trees,” Novogratz said this is the year for bitcoin.
Wednesday 4/8 Insider Buying Report: ARR, GEOS (Nasdaq.com)
On Monday, ARMOUR Residential REIT’s CIO, Scott Ulm, made a $69,000 buy of ARR, purchasing 10,000 shares at a cost of $6.90 a piece. Ulm was up about 25.5% on the buy at the high point of today’s trading session, with ARR trading as high as $8.66 at last check today. ARMOUR Residential REIT is trading up about 7.2% on the day Wednesday. Before this latest buy, Ulm purchased ARR at 3 other times during the past year, for a total investment of $1.67M at an average of $17.58 per share. And also on Monday, Director Richard F. Miles purchased $65,500 worth of Geospace Technologies, purchasing 10,000 shares at a cost of $6.55 a piece. Geospace Technologies is trading up about 2.6% on the day Wednesday. So far Miles is in the green, up about 8.4% on their buy based on today’s trading high of $7.10.
Petmed Express Inc (PETS) CEO & President Menderes Akdag Sold $625,000 of Shares (Guru Focus)
CEO & President of Petmed Express Inc., Menderes Akdag, sold 20,000 shares of PETS on 04/07/2020 at an average price of $31.25 a share. The total sale was $625,000. PetMed Express Inc is a nationwide pet pharmacy. The Company markets prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer.
The Global Brand President-AE of American Eagle (NYSE: AEO) is Selling Shares (Analyst Ratings)
Yesterday, the Global Brand President-AE of American Eagle (AEO), Charles Kessler, sold shares of AEO for $480.9K. In addition to Charles Kessler, one other AEO executive reported Sell trades in the last month. Based on American Eagle’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $1.31 billion and quarterly net profit of $4.76 million.
Opinion: Cory Gardner Must Speak Out Against Insider Trading (Csindy.com)
Senator Cory Gardner promised to be an independent voice for Coloradans: “When my party is wrong, I’ll say it. When something is broken, I’ll fix it.” Now is Gardner’s chance to act on his pledge. Profiting off a public health crisis, allegedly through insider trading, is wrong. And there is a clear, straightforward way for Gardner to help fix it. Recent reports suggest that two of Gardner’s Senate colleagues, Richard Burr and Kelly Loeffler, relied on information from a senators-only briefing when deciding to offload millions of dollars of stocks before the recent market collapse. Meanwhile, those same senators publicly minimized the pandemic’s threat to the American people, padding their pockets while putting families at risk.
Sen. Kelly Loeffler Denies Insider Trading Allegations, Fails Again To Name Stock Manager (Saraacarter.com)
Senator Kelly Loeffler, R-GA, is continuing to deny allegations of insider trading surrounding stocks she sold before the coronavirus hit the U.S. markets and failed to answer questions regarding who manages those stocks, during an interview Wednesday with Fox Business host Maria Bartiromo. “I have not profited. I never sought to profit from my position at the Senate. I’m here to serve all Georgians. In fact, I donate my paycheck to good charities around Georgia doing hard work serving our citizens,” Loeffler told Bartiromo. She added, “I went to the Senate after a nearly three-decade career in the private sector, in financial services, where I conducted myself with the highest levels of integrity. Third party managers manage all of our investments. I have no communication with them. And this is cherry-picking for dates and times around events that are completely unrelated to my investment manager’s decisions or any meetings or communications I have had.”
