TRAN THINH Q, CEO of Sigma Designs, bought 454,546 shares of Sigma Designs (SIGM) at $5.5 per share for the total amount of $2,500,000 on 12/20/2013. As of the time of writing of this story on Jan 2, 2014, Sigma Designs is trading at $4.68 per share. Continue reading Sigma Designs CEO Buys $2.5 Million of Shares on Dec 20, 2013
Daegis CFO buys $60,500 of shares on Dec 26, 2013
SUSAN CONNER, CFO of Daegis, purchased 50,000 shares of Daegis at $1.21 per share for a total amount of $60,500 dollars on December 26, 2013. As of the time of writing on January 1, 2014, the stock is trading at $1.20 per share. Continue reading Daegis CFO buys $60,500 of shares on Dec 26, 2013
Cel-Sci CEO Buys $180K of shares on December 30, 2013
GEERT KERSTEN, CEO of Cel-Sci, purchased 300,000 shares of Cel-Sci at $0.60 per share for a total amount of $180,000 on December 30, 2013. As of the time of writing on December 31, 2013, the stock is trading at $0.59 per share. Continue reading Cel-Sci CEO Buys $180K of shares on December 30, 2013
BKF Capital Group CEO Buys $40K of shares on December 26, 2013
STEVEN BRONSON, CEO of BKF Capital Group, bought 35,603 shares of BKF Capital Group at $1.12 for a total amount of $39,875 on December 26, 2013. As of the time of writing on December 30th 2013, the stock is trading at $1.06 per share. Continue reading BKF Capital Group CEO Buys $40K of shares on December 26, 2013
December 2013 Newsletter: Recent Insider Buying
Let us have a look at four companies that have seen insider activity recently.
Major Shareholder Buys AmTrust Shares
Leah Karfunkel, a major shareholder in AmTrust Financial Services (NASDAQ:AFSI) bought 209,772 shares of the company in the open market at an average price of $31.41 a share as per information filed at the Securities and Exchange Commission. The total transaction is valued at $6.59 million. Continue reading December 2013 Newsletter: Recent Insider Buying
FleetCor Technologies Director Buys 5,000 Shares
FleetCor Technologies Inc. (NYSE: FLT) Director Michael Buckman recently bought 5,000 shares for $116.68 per share. Buckman made a total investment of $583,402. The purchase came shortly after FleetCor Technologies reported its financial results for the third quarter of 2013. The company reported total revenue of $225.2 million for the quarter, compared to $186.9 million reported for the same period in the previous year. Net income for the quarter was $78.6 million, compared to $59.6 million reported for the same period in the previous year.
Santarus to be Acquired by Salix Pharmaceuticals
Shares of Santarus Inc. (NASDAQ: SNTS), a specialty biopharmaceutical company, surged in trading on Friday after the company agreed to be acquired by Salix Pharmaceuticals Ltd. (NASDAQ: SXLP). The two companies entered into a definitive agreement under which SLXP will acquire all outstanding shares of Santarus for $32 per share in cash. The offer price from Salix represents a premium of 36% over Santarus’ closing price on November 6, 2013. Santarus shares ended the day 37.60% higher at $31.95 on above average volume of 45.22 million. SLXP shares, meanwhile, ended the day 17.80% higher at $84 on above average volume of 6.64 million.
Universal Display Reports Strong Q3 Results; Raises Outlook
Universal Display Corporation (NASDAQ: OLED) reported stronger-than-expected financial results for the third quarter of 2013. The company also raised its revenue outlook, following the strong quarterly results, sending shares sharply higher in trading on Friday. PANL’s earnings for the third quarter came in at $5.5 million, or $0.12 per share. Analysts were expecting the company to report a loss of $0.04 per share for the quarter. The company’s revenue for the quarter was $32.5 million, compared to Street estimates of $21.76 million. PANL shares surged to an intra-day high of $36.98 on Friday before finishing the day 25.59% higher at $36.61 on above average volume of 3.85 million.
HomeAway Shares Surge on Quarterly Results
Shares of HomeAway Inc. (NASDAQ: AWAY), an online marketplace for the vacation rental industry, have surged in trading today after the company reported its financial results for the third quarter. For the quarter ended September 30, 2013, AWAY reported revenue of $90.1 million, compared to $73.1 million reported for the same period in the previous year. The company reported adjusted EBIDTA of $29 million, compared to $24.2 million reported for the same period in the previous year. Brian Sharples, CEO of HomeAway, said that the second half of 2013 is proving to be a very exciting time for the company. AWAY shares struck a 52-week high of $34.93 earlier today, and at last check, they were trading 17.05% higher at $34.05 on above average volume of 5.27 million.
Twitter Surges on Debut
Shares of micro-blogging site Twitter Inc. (NYSE: TWTR) have surged on their trading debut. Twitter completed its IPO on Wednesday. The San Francisco, California-based company priced its IPO at $26 per share. The company offered 70 million shares in the much-awaited IPO, raising $2 billion. Twitter surged to $50.09 earlier today as the company saw strong demand for its shares. At last check, Twitter’s market cap is $25 billion.