Author: Multibagger News

Breaking News: Palo Alto Networks Insider Trading Activity Reveals Director’s Strategic Moves In a recent series of transactions, Aparna Bawa, a director at Palo Alto Networks Inc (NYSE:PANW), has been actively engaging in both the purchase and sale of the company’s common stock. The insider trading activity, disclosed in filings with the Securities and Exchange Commission, highlights Bawa’s investment decisions and confidence in Palo Alto Networks’ value and growth potential. Bawa has been buying shares at prices ranging from $140.73 to $307.55, investing a total of $28,175. On the selling front, she has sold shares at prices between $148.98 and…

Stuart A. Tross, Chief People & Workplace Officer at MannKind Corp (NASDAQ: MNKD) Sells $500K Worth of Company Stock Stuart A. Tross, Chief People & Workplace Officer at MannKind Corp (NASDAQ: MNKD), has recently sold a significant portion of his company stock, totaling over half a million dollars. The sales were made through two separate transactions on August 30, 2024, under a Rule 10b5-1 Plan to avoid insider trading accusations. Tross sold 45,000 shares at $6.33 each, generating around $284,850, and 35,000 shares at a weighted average price of $6.32 per share, totaling $221,200. Despite these sales, Tross still holds…

ADMA Biologics Executive Engages in Significant Trading Activity: What Does It Mean for Investors? Kaitlin M. Kestenberg-Messina, the COO and SVP of Compliance at ADMA Biologics, Inc. (NASDAQ:), has recently made some major moves in the company’s stock. On August 30, 2024, Kestenberg-Messina sold 24,150 shares of common stock and acquired the same amount through option exercises. These transactions can provide valuable insights into an executive’s confidence in the company’s future prospects. ADMA Biologics, a leader in the biological products industry, has been making significant strides in its financial operations and corporate governance. The company recently repaid $30 million of…

Patrick Industries Inc. Executive Vice President Sells $248,636 Worth of Company Stock Patrick Industries Inc. (NASDAQ: PATK) recently saw its Executive Vice President of Operations and Chief Operating Officer, Hugo E. Gonzalez, sell 1,911 shares of the company’s common stock, generating over $248,636 from the transaction. The sales occurred on August 29, 2024, with shares sold at prices ranging from $129.81 to $130.32, at a weighted average price of $130.1078 per share. Insider transactions like these can provide valuable insights into the company’s future prospects. Investors often monitor such activities to gauge executives’ confidence in the stock’s performance. Despite the…

Artisan Partners Pushes Seven & i Holdings to Consider Alimentation Couche-Tard’s Takeover Bid: What It Means for Investors By Rocky Swift and Kevin Buckland TOKYO (Multibagger) – U.S. fund Artisan Partners (NYSE: APAM) Asset Management is intensifying its campaign to influence Japan’s Seven & i Holdings, urging the board to provide an update on a takeover bid from Canada’s Alimentation Couche-Tard (ACT) by September 19. In a letter dated Friday and distributed to journalists, Artisan portfolio managers N. David Samra and Benjamin L. Herrick advised Seven & i, the operator of the 7-Eleven convenience store chain in Japan, to seriously…

The Impact of Israeli Air Strike on Gaza Aid Convoy: Analysis by Top Investment Manager By Kanishka Singh WASHINGTON (Multibagger) – An Israeli air strike on an aid convoy carrying food and fuel to a Gaza hospital killed four Palestinians on Thursday, U.S.-based aid group Anera said as Israel claimed they were “armed assailants,” which the group denied. The four Palestinians were in the lead vehicle of an Anera aid convoy bound for the Emirati Red Crescent Hospital in Rafah in southern Gaza, the aid group said in a statement on Friday. Soon after the convoy left the Israel-controlled Kerem…

Breaking News: Ares Management Co-Founder Sells $7 Million Worth of Company Stock Ares Management Corp (NYSE:ARES) made headlines as Co-Founder and Chairman of Private Equity Group, Bennett Rosenthal, sold a significant portion of his shares in the company. The transactions, totaling over $7 million, occurred over two days with prices ranging from $144.56 to $146.31 per share. Rosenthal executed these sales under a pre-arranged 10b5-1 trading plan, indicating that they were planned well in advance. Despite the sales, Rosenthal still indirectly holds a substantial number of shares through other entities. Investors often monitor insider sales for insights into executives’ views…

By Kanishka Singh WASHINGTON (Multibagger) – The two most populous counties of the battleground state of Pennsylvania will not be able to throw out mail-in votes over incorrect envelope dates, according to a Friday decision by a state court. The ruling in the Commonwealth Court of Pennsylvania applied to the Philadelphia and Allegheny Counties. Officials disqualified nearly 16,000 mail-in ballots for irregularities during April’s primary election. Almost half were disqualified because of issues like missing signatures and wrong dates on outer envelopes, according to the New York Times. “The refusal to count undated or incorrectly dated but timely mail ballots…

Michael J. Arougheti Sells $8 Million Worth of Ares Management Corp (ARES) Shares: Insider Trading or Financial Planning? Michael J. Arougheti, the Co-Founder, CEO, and President of Ares Management Corp (NYSE: ARES), has recently sold a significant number of shares in the company, totaling over $8 million. The sales occurred over three consecutive days in August 2024, with individual prices ranging from $144.63 to $146.39 per share. These transactions were executed under a pre-arranged 10b5-1 trading plan, allowing insiders to sell shares at predetermined times to avoid accusations of insider trading. Arougheti sold shares at varying prices each day, with…

Breaking News: Former Taipei Mayor Arrested in Graft Probe – What Does This Mean for Taiwan’s Political Landscape? In a shocking turn of events, Ko Wen-je, former mayor of Taipei and presidential candidate, has been arrested in connection with a major property development scandal. The investigation, which involves approvals granted for a property project during Ko’s tenure as mayor, has sent shockwaves through the Taiwanese political scene. Ko has maintained his innocence, claiming that he has done nothing wrong. However, his Taiwan People’s Party (TPP) has admitted to misreporting campaign funds during the recent presidential election. As a result, Ko…