Friday 8/7 Insider Buying Report: CATY, SLB (Nasdaq.com)
On Tuesday, Cathay General Bancorp’s Director, Richard Sun, made a $423,000 buy of CATY, purchasing 14,100 shares at a cost of $30.00 a piece. Investors have the opportunity to bag CATY even cheaper than Sun did, with shares changing hands as low as $24.80 in trading on Friday which is 17.3% below Sun’s purchase price. Cathay General Bancorp is trading up about 1.1% on the day Friday. This buy marks the first one filed by Sun in the past year. And at Schlumberger, there was insider buying on Wednesday, by Director Mark G. Papa who bought 15,000 shares at a cost of $19.46 each, for a total investment of $291,874. Schlumberger is trading trading flat on the day Friday. Bargain hunters are able to grab SLB at a price even lower than Papa did, with the stock trading as low as $19.02 at last check today which is 2.3% below Papa’s purchase price.
Cognex Corp (CGNX) CEO & President Robert Willett Sold $8.8 million of Shares (Guru Focus)
CEO & President of Cognex Corp., Robert Willett, sold 130,000 shares of CGNX on 08/05/2020 at an average price of $67.85 a share. The total sale was $8.8 million. Cognex Corp is a provider of machine vision products that capture and analyze visual information in order to automate tasks in manufacturing processes. Its products are used to automate the manufacture and tracking of discrete items.
The President & CEO of WesBanco (NASDAQ: WSBC) is Buying Shares (Analyst Ratings)
Yesterday, the President & CEO of WesBanco (WSBC), Todd Clossin, bought shares of WSBC for $100K. Following this transaction Todd Clossin’s holding in the company was increased by 100% to a total of $83.92K. In addition to Todd Clossin, 7 other WSBC executives reported Buy trades in the last month.
SEC Charges RIA with Insider Trading (Investment News)
The Securities and Exchange Commission has charged Jack Brewer, a St. Louis Park, Minnesota, registered investment adviser, with insider trading in the securities of COPsync Inc. Brewer, a former NFL player who owns Brewer Capital Management and a related consulting firm, Brewer Group, sold more than $100,000 of COPsync stock in advance of a company announcement that caused the stock price to fall, the SEC said. According to the SEC’s complaint, Brewer consulted for COPsync, where he obtained material, nonpublic information about the company’s plans to do a stock offering. According to the complaint, Brewer participated in the offering, and the purchase agreement contained a clause obligating him not to sell any shares of the company prior to the announcement of the offering.
Medpace Holdings Inc (MEDP) President & CEO August J. Troendle Sold $7.3 million of Shares (Guru Focus)
President & CEO of Medpace Holdings Inc., August J. Troendle, sold 58,667 shares of MEDP on 08/05/2020 at an average price of $124.57 a share. The total sale was $7.3 million. Medpace Holdings Inc is a clinical contract research organisation. It is engaged in providing scientifically-driven clinical research-based drug and medical device development services to the biotechnology, pharmaceutical and medical device industries.
