FMA Closes Insider Trading Case (Lexology.com)
The Financial Markets Authority (FMA) has announced today that it has concluded its investigation into 2014 trading in VMob Limited (now Plexure Limited). VMob’s then CFO, Mark Talbot, has admitted both insider trading and breaches of obligations to notify trading to the company, and to NZX. In 2014, VMob was responding to a request to provide platform services to McDonald’s in Japan which, if successful, was likely to materially increase revenue. It was shortlisted on 15 May, and on 23 July, the contract was awarded. On 24 July, Mr Talbot purchased 1 million shares at $0.010 each through a company he controlled. After the trade, Mr Talbot sought approval to purchase shares pursuant to VMob’s trading policy, not disclosing that he had already done so.
Wednesday 4/10 Insider Buying Report: NGM, LION (Nasdaq.com)
At Ngm Biopharmaceuticals, a filing with the SEC revealed that on Monday, Director Suzanne Sawochka Hooper purchased 7,000 shares of NGM, for a cost of $16.00 each, for a total investment of $112,000. Hooper was up about 5.1% on the purchase at the high point of today’s trading session, with NGM trading as high as $16.81 in trading on Wednesday. Ngm Biopharmaceuticals is trading down about 1.8% on the day Wednesday. This purchase marks the first one filed by Hooper in the past year. And on Friday, Director W. Clyde Shepherd III purchased $12,000 worth of Fidelity Southern, purchasing 426 shares at a cost of $28.15 a piece.
5 Stocks Insiders Are Buying (SeekingAlpha)
Insider buying has ebbed significantly since hitting eight-year highs in December. So which stocks are insiders still purchasing. Here are five interesting names insiders still seem to like despite the big rally in the market so far this year. Let’s start with Chaparral Energy (CHAP). This ‘Busted IPO’ from the energy sector is starting to pick up some considerable insider buying. A beneficial owner scarfed up over $4.5 million in new shares on April 2nd. The CEO also bought $40,000 in stock on March 29th. It should be noted that the same beneficial owner added over $4.5 million to his stake on March 20th.
The Division VP and GM of Raven (NASDAQ: RAVN) is Selling Shares (AnalystrRatings.com)
Today, the Division VP and GM of Raven (RAVN), Schmidt Anthony Johnson, sold shares of RAVN for $91.05K. In addition to Schmidt Anthony Johnson, 2 other RAVN executives reported Sell trades in the last month. RAVN’s market cap is $1.42B and the company has a P/E ratio of 27.68. Currently, Raven has an average volume of 128.8K.
Putnam Premier Income Trust (NYSE:PPT) Insider Trading Activity – Insider Sold 21,916 shares of Stock (MarketExclusive)
Insider Trading Activity For Putnam Premier Income Trust (NYSE:PPT): D William Kohli , Insider of Putnam Premier Income Trust (NYSE:PPT) reportedly Sold 21,916 shares of the company’s stock at an average price of 5.18 for a total transaction amount of $113,524.88.
Former SeaWorld Lawyer Charged With Insider Trading (HedgeCo.net)
(HedgeCo.Net) A former senior lawyer at SeaWorld Entertainment Inc. has been charged with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that Paul B. Powers had early access to key revenue information as the company’s associate general counsel and assistant secretary, and he purchased 18,000 shares of SeaWorld stock the day after he received a confidential draft of the 2018 second quarter earnings release that detailed a strong financial performance by the company after a lengthy period of decline.