hedge fund insomniac

The Home is Hot, but Not Much Else- Insider Buying Tapers off with 3rd Quarter Earnings Blackout

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The market has been trending lower, all major averages are testing the 50 day moving average.  In this kind of juiced up market, technical traders have an unwarranted influence. My guess is that we will undercut the moving average in a test of investor faith but this could go on for weeks if not months. Investors that lack confidence bail easily.  Short sellers know that- and they also know that corporate insiders are blacked out. Most companies have self-imposed restrictions on buying or selling their companies’ stock insider thirty days from quarter end. The following companies had large insider buying last week.  We are digging … Read more

Notable Insider Buys Week Ending 2-14-20

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Avis got a new Chairman of the Board and he bought a lot of stock. Bernardo Hees, CEO of Kraft Heinz, bought 430,169  of CAR at $34.87.  That was his first purchase and it was a big one, $15 million.  It’s hard to say what the future is for the car rental companies with the gig economy, ride sharing, and autonomous vehicles. It’s not one we want to participate in, though. Chairman of the Board, Duncan, continues to amass significant shares of Enterprise Products Partners. Taken into perspective, this $5 million EPD buy represents a pittance of his vast holdings, … Read more

Amyris- what the heck? $AMRS Notable Insider Buys Week 2-7-20

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  Simply Good Foods’s SMPL Director Brian Ratzan bought 10,000 shares at $22.98.  The newly capitalized Atkins brands has found what seems to be permanent shelf space in grocery stores and drug store chains.  Insiders have had a steady diet of SMPL shares, the largest being the Chairman of the Board’s purchase of $1.7 million at back in November 2019 at $24.62 .  Atkins bars might be causing me indigestion, I had a followed his lead. The stock is down 17% on concerns over missing consensus growth expectations According to Fly on the Wall –“Goldman Sachs analyst Jason English added … Read more