NetEnt AB yesterday announced a recommended bid from Evolution Gaming. The shares are up 65% since we positively rated the stock on the 29th of May on aggressive director buying. This is what we said: Henrik Fagerlund (Regional Managing Director) purchased 1.1 million shares on May 29th at SEK 43.10, spending €4.6 million. This is […]
QuantConnect, a data platform, recently published an article regarding US airlines taking into account buybacks data provided by Smart Insider. This is pertinent to current Federal bailout scenarios in the US. Here’s the link to the original.
Groupe Danone – (-1, 16-Jun-20) – Emmanuel Faber (Chairman and CEO, 2002) sold 36,000 shares on June 12th at €61.33, reducing his holdings to 41,071 shares. This is a reversal from a timely purchase he made in December 2018 at €60 and it is concerning to see him now turn into a seller at the […]
Since March 30th, Paul Salem (Chairman, joined 2018) has purchased $8 million worth of stock at $11 per share, and Keith Meister (Director, 2019) has purchased $18.6 million worth of stock at $11.50, on behalf of Corvex Management. These are confident purchases. Corey Sanders (CFO, joined 2010) purchased 24,991 shares at $12, spending $300,000 in […]
Assured Guaranty (AGO US, +1) – We ranked this stock +N on March 5th based on Andrew Feldstein’s (Chief Investment Officer, 2019) purchases of $1.5 million at $41. The stock has moved lower, but he has continued to buy shares, adding another $7 million worth of stock at an average price of $26.90. In addition, […]
We are seeing record numbers of insider buying in March 2020. FT article expanding on the topic using the data from Smart Insider database: https://www.ft.com/content/8c76c07f-0ee1-40d6-ad32-652c85646167
Oneok Inc – (OKE, +1) – Brian Derksen (Director since 2015) purchased $200,000 worth of stock on March 25th at $22.70, twice what he has spent on any of his prior purchases. This is Derksen’s fourth purchase, and his prior three were timely. We ranked this stock +N on March 20th based on a cluster […]
Parsons Corp (PSN, +1) – George Ball (CFO, 2008) purchased 30,000 shares at $29.40, spending $882,000. This is Ball’s second purchase and follows a 25,000 shares purchase in May 2019 at $29 with was timely. Charles Harrington (CEO, 2008) purchased 16,000 shares at $28.86, spending $462,000 in his first purchase in the stock despite being […]
Newell Brands Inc – (NWL, +1) – Brett Icahn (Director, 2018) purchased $3.2 million worth of stock on March 9th at $13.22, adding to the $6.6 million he purchased from March 4-5th. These purchases are direct and take his holdings to 1 million shares. Carl Icahn (10% holder) purchased 2.6 million shares on March 11th […]
Discover Financial Services (DFS, +1) – Carlos Minetti (EVP- President of Consumer Banking; joined 2001) purchased 3,000 shares on January 27th at $73.74, spending $221,000 and increasing his holdings to 154,171 shares. This is Minetti’s first open market purchase in the stock despite being with the company for 19 years. He has been a regular […]