How Hedge Funds are Capitalizing on the Shift to E-Commerce (CNBC)
CNBC’s Leslie Picker reports on how hedge funds have capitalized on the shift to e-commerce amid the pandemic.
Apollo Casino Deal Is Approved After Bid Lifted to $1.9 Billion (Bloomberg)
Apollo Global Management Inc. won shareholder approval for its $1.9 billion takeover of Great Canadian Gaming Corp., sealing a deal that had faced stiff opposition until the private equity firm increased its bid by 15%. Holders of 79% of the shares voted at a special meeting were in favor of the transaction, executives said on a webcast. That cleared the two-thirds hurdle needed for the deal to take effect. The acquisition is expected to close in the second quarter, but still needs regulatory approval.
Thursday 12/24 Insider Buying Report: AUB, ERC (Nasdaq.com)
On Wednesday, Atlantic Union Bankshares’, Frank Russell Ellett, made a $96,172 buy of AUB, purchasing 3,000 shares at a cost of $32.06 a piece. So far Ellett is in the green, up about 3.2% on their purchase based on today’s trading high of $33.09. Atlantic Union Bankshares is trading up about 0.3% on the day Thursday. This purchase marks the first one filed by Ellett in the past year. And on Tuesday, Christopher M. Lee bought $78,325 worth of Wells Fargo Advantage Multi-Sector Income Fund, buying 6,500 shares at a cost of $12.05 each. Before this latest buy, Lee made one other buy in the past twelve months, purchasing $72,420 shares for a cost of $12.07 a piece. Wells Fargo Advantage Multi-Sector Income Fund is trading up about 0.8% on the day Thursday.
Peloton Interactive Inc (PTON) COO and Head of Prod. Dev. Thomas Cortese Sold $23.6 million of Shares (Guru Focus)
COO and Head of Prod. Dev. of Peloton Interactive Inc, Thomas Cortese, sold 150,000 shares of PTON on 12/22/2020 at an average price of $157.3 a share. The total sale was $23.6 million. Peloton Interactive Inc has a market cap of $47.61 billion; its shares were traded at around $162.760000 with a P/E ratio of 581.28 and P/S ratio of 20.65. GuruFocus has detected 1 severe warning sign with Peloton Interactive Inc.
The Shareholder of Cominar Real Estate Investment (Other OTC: CMLEF) is Buying Shares (Analyst Ratings)
Yesterday, the Shareholder of Cominar Real Estate Investment (CMLEF), Sime Armoyan, bought shares of CMLEF for $1.05M. This is Armoyan’s first Buy trade following 6 Sell transactions. Over the last month, Sime Armoyan has reported another 4 Buy trades on CMLEF for a total of $1.19M.
Sunrun Inc (RUN) CEO of Vivint Solar, Inc. David Bywater Sold $18.5 million of Shares (Guru Focus)
CEO of Vivint Solar, Inc. of Sunrun Inc, David Bywater, sold 263,325 shares of RUN on 12/23/2020 at an average price of $70.1 a share. The total sale was $18.5 million. Sunrun Inc provides clean, solar energy to homeowners. It is engaged in the design, development, installation sale, ownership, and maintenance of residential solar energy systems (“Projects”) in the United States.
