Monday 8/19 Insider Buying Report: CFR, UAL (Nasdaq.com)
At Cullen/Frost Bankers (CFR), a filing with the SEC revealed that on Friday, Director Carlos Alvarez bought 30,000 shares of CFR, at a cost of $85.08 each, for a total investment of $2.55M. So far Alvarez is in the green, up about 2.0% on their purchase based on today’s trading high of $86.74. Cullen/Frost Bankers is trading up about 1.6% on the day Monday. Before this latest buy, Alvarez made one other buy in the past twelve months, purchasing $5.06M shares at a cost of $93.71 a piece. And on Wednesday, Director Edward Shapiro bought $820,000 worth of United Airlines Holdings (UAL), buying 10,000 shares at a cost of $82.00 each. Before this latest buy, Shapiro bought UAL at 2 other times during the past year, for a total cost of $4.1M at an average of $91.07 per share. United Airlines Holdings is trading up about 1.6% on the day Monday. Shapiro was up about 3.6% on the buy at the high point of today’s trading session, with UAL trading as high as $84.92 at last check today.
The President & CEO of Clovis Oncology (NASDAQ: CLVS) is Buying Shares (Analyst Ratings)
Today, the President & CEO of Clovis Oncology (CLVS), Patrick Mahaffy, bought shares of CLVS for $279.6K. Following this transaction Patrick Mahaffy’s holding in the company was increased by 5.74% to a total of $5.18 million. In addition to Patrick Mahaffy, 3 other CLVS executives reported Buy trades in the last month. Based on Clovis Oncology’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $32.98 million and GAAP net loss of $120 million.
Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). With today’s actions, the SEC has charged 13 financial institutions in its ongoing investigation into abusive ADR pre-release practices, which, thus far, has included monetary settlements exceeding $427 million. ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custody at a depositary bank.
Zuckerberg Sells Shares of Facebook (Guru Focus)
Facebook Inc. (NASDAQ:FB) founder and CEO Mark Zuckerberg sold 112,520 shares for an average price of $184.50 per share on Aug. 14. The social media company has a market cap of $520.92 billion and an enterprise value of $418.13 billion. It has insider ownership of 0.17% and institutional ownership of 91.07%. Over the last 12 months, the stock has risen 5% and, as of Friday, was trading 12.56% below its 52-week high and 48.31% above its 52-week low.
Rapid7 Inc (RPD) CFO Jeffrey Kalowski Sold $2 million of Shares (Guru Focus)
CFO of Rapid7 Inc, Jeffrey Kalowski, sold 37,500 shares of RPD on 08/15/2019 at an average price of $53.73 a share. The total sale was $2 million. Rapid7 Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. Rapid7 Inc has a market cap of $2.61 billion; its shares were traded at around $53.48 with and P/S ratio of 9.65. GuruFocus has detected 2 severe warning signs with Rapid7 Inc.
