Former GOP Rep. Chris Collins Set to be Sentenced in Insider Trading Case (CNBC)
Disgraced former Rep. Chris Collins faces sentencing Friday in the insider-trading case that led him to give up his seat in Congress. U.S. Judge Vernon Broderick is scheduled to announce the sentence at 2:30 p.m. ET in federal court in lower Manhattan. Federal prosecutors want Broderick to sentence Collins to nearly five years in prison – the top end of the federal guidelines range – to set an example that will “promote respect for the law, in light of the lack of respect that Collins has shown for it.”
The Controller of Lennar (NYSE: LEN) is Selling Shares (Analyst Ratings)
Yesterday, the Controller of Lennar (LEN), David M. Collins, sold shares of LEN for $625.4K. Following David M. Collins’ last LEN Sell transaction on October 08, 2019, the stock climbed by 4.0%. Based on Lennar’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $6.97 billion and quarterly net profit of $674 million.
Aurora Cannabis stock slammed by executive departure and insiders selling (Market Watch)
Aurora Cannabis Inc.’s U.S.-listed shares slid 8% Monday, after the company announced the exit of a key executive, amid insiders selling stakes, dilutive financing moves and questions about the company’s path to profitability. The Canadian company, which is the most widely held stock ACB, -0.47% ACB, +1.08% on trading platform Robinhood, said late Saturday that Cam Battley, its chief commercial officer and the man widely viewed as the face of the company, was leaving. Battley had been with Aurora since 2016 and will remain on the board of MedReleaf Australia, a private cannabis company in which Aurora owns a stake.
Albemarle Corp (ALB) EVP & CFO Scott Tozier Sold $1.2 million of Shares (Guru Focus)
EVP & CFO of Albemarle Corp., Scott Tozier, sold 14,500 shares of ALB on 01/15/2020 at an average price of $80.13 a share. The total sale was $1.2 million. Albemarle Corp is a developer, manufacturer and marketer of engineered specialty chemicals. It provides services to end markets including petroleum refining, consumer electronics, construction, automotive, lubricants and pharmaceuticals.
Insider Weekends: Insider Buying At A Potato Spin-Off From Conagra (Seeking Alpha)
Insider buying decreased last week. Notable Insider Buys: Lamb Weston Holdings, Inc., Mosaic Acquisition Corp., Hersha Hospitality Trust, salesforce.com, inc., Amazon.com, Inc. Notable Insider Sells: Uber Technologies, Inc., TTEC Holdings, Inc., Intercontinental Exchange, Inc., CarGurus, Inc., RealPage, Inc. Insider buying decreased last week with insiders purchasing $7.49 million of stock compared to $16.77 million in the week prior. Selling, on the other hand, increased significantly with insiders selling $1.19 billion of stock last week compared to $433.74 million in the week prior.
