This was the Most Bought Stock by Insiders Last Week

There are different ways to classify the “most bought.” It could be the number of shares, the number of insiders, the number of buy transactions, and the dollar value of the buying. In this circumstance, it comes down to the number of shares being purchased with a minimum of two transactions. Between June 1 and June 5, RCM Technologies Inc (NASDAQ: RCMT) saw insiders buy 1.1 million shares for a total value of $1.32 million in two separate transactions. RCMT is ...
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Option Traders Converge as Option Activity Explodes on this Auto Manufacturer

Ford Motor Company (NYSE: F) saw an explosion in option activity on Friday as the stock shot up over 10% on the session. The move follows a trend of companies that have been beaten down during the March swoon but have recently found a bid. What was the driver? There a many signs that the economy is gaining its footing and Friday’s payroll report helped provide more fuel to the bullish fire. In May, 2.5 million jobs were added with a ...
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Founder of this Cloud HR Company Just Turned into a Seller

As you look across the landscape of companies that have come out pretty well amidst the pandemic, it’s been cloud companies. Workday Inc (NASDAQ: WDAY) is up over 60% off of its March lows and up nearly 5% on the year. Pretty extraordinary given the uncertain times we live in unless your business isn’t as materially impacted by the closures. For example, revenues for 1Q were up over 23% and non-GAAP operating income was up 12.8% year-over year. As a company ...
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Multimedia Company Breaks Out Following 10% Owner Adding Another 1 Million Shares on Tuesday

Avid Technology, Inc (NASDAQ: AVID) has been rallying strongly since its May 14 low at $4.67. The move came after selling continued following the May 7 earnings report that missed analyst estimates of $0.11 with a loss of $0.08. Clearly, a company that relies on live music, film, sports and TV production is having a difficult time. However, not even analysts came close to understanding how bad it got in Q1. In the company’s presentation, they expressed a positive outlook as ...
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‘Long Shot’ COVID-19 Treatment Looks Less Likely Following 10% Owner Selling

French drug company Sanofi (NASDAQ: SNY) announced last week that they were planning to sell half of their 23.2 million share position in Regeneron Pharmaceuticals, Inc (NASDAQ: REGN). The investment has spanned 16 years and a number of collaborations between the companies. Some of the FDA-approved therapies are Kevzara, Praluent and Dupixent. While the plan was to sell half the position, SNY sold nearly its entire stake. The 22.8 million share sale leaves only 400,000 shares currently owned. The sale amounted ...
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Buffett Increases His Stake as 10% Owner in this Mobile and Satellite Broadcaster

Warren Buffett’s Berkshire Hathaway Inc Class B (NYSE: BRK.B) recently took some criticism for the choice to sell their holdings in airline companies, booking substantial losses. While Buffett may have come back to his long disdain for the airline industry, it makes you wonder whether he’s losing a step. Whether a step is lot or not, his decisions do attract attention by investors, and many will follow. One of the most accumulated stocks from last week was Liberty SiriusXM Group (NASDAQ: ...
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This is the Most-Sold Stock by Insiders Last Week

Last week there were only six companies with insider sales that were over $500 million market cap, has an average of 500,000 in daily volume, trades over $10 million in daily trade value with at least 2 sell transactions and $1 million in value. While the list is relatively short, there was some heavy selling in several of the names. The company that led the list with over $986.8 Million in value sold is Avantor Inc (NYSE: AVTR). Considering the value, ...
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After New All-Time High, Insiders of this Home Improvement Megastore Start Selling

As regulators stood back and debated what stores would be considered “essential,” it would have been really interesting to hear the arguments for why one company should remain open and another closed. One “essential” company during the COVID-19 closures was Home Depot Inc (HD). In fact, the company tells us how it’s essential on their website: “The Home Depot is an essential retailer to the communities we serve, and we’re committed to keeping stores open just as we always do during ...
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