Author: Multibagger News

Breaking News: Nektar Therapeutics Chief Legal Officer Sells Shares to Cover Tax Obligations – Find Out Why! In a recent transaction, Mark Andrew Wilson, the Chief Legal Officer of Nektar Therapeutics (NASDAQ:), sold shares of the company’s stock to cover tax withholding obligations. The sale involved 5,651 shares at a weighted average price of $1.28 per share, totaling $7,233. Wilson’s remaining direct ownership in Nektar Therapeutics now stands at 225,263 shares. This sale is a routine financial event for corporate executives and is often done to meet personal financial planning goals or other obligations. Investors can find more details on…

Asian Stocks Plunge: Yen Strength and JD.com Sell-off Shake Markets Asian Markets Retreat Amid Yen Surge and JD.com Plunge: What It Means for Your Investments Asian stocks took a hit on Wednesday as the strengthening yen led to a major unwinding of the carry trade, coupled with significant losses in e-commerce heavyweight JD.com, causing a ripple effect on Hong Kong’s Hang Seng Index. Wall Street Weakness Ripples Across Asia Regional markets mirrored the overnight downturn on Wall Street, where U.S. stocks ended an eight-day rebound rally. Investors are showing caution ahead of a pivotal speech by Federal Reserve Chair Jerome…

Crexendo Inc. CTO Engages in Stock Transactions Worth Over $163,000 – What Does This Mean for Investors? Crexendo Inc. (NASDAQ: CXDO) recently disclosed that its Chief Technology Officer, David Tzat-kin Wang, participated in stock transactions totaling more than $163,000. Wang acquired 26,500 shares of Crexendo’s common stock at $0.91 per share and subsequently sold them at prices ranging from $5.00 to $5.15 per share. These transactions resulted in a significant change in Wang’s holdings, leaving him with 439,327 shares. Investors often pay attention to insider trading activities as they can provide valuable insights into the company’s future prospects. Crexendo’s recent…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Ukraine shook the world with one of the largest drone attacks on Moscow, as reported by Multibagger. Russian air defence units swiftly destroyed at least 10 drones heading towards the capital, Mayor Sergei Sobyanin confirmed. The attack took place over the city of Podolsk, located just south of the Kremlin. Mayor Sobyanin stated, “The air defence systems of the defense ministry continue to repel enemy UAV attacks,” emphasizing the gravity of the situation. This incident marks one of the most significant attempts to target Moscow using drones, highlighting…

Alset Inc. CEO Increases Stake in Company: What Does This Mean for Investors? Chan Heng Fai Ambrose, the CEO of Alset Inc. (NASDAQ:AEI), has recently made significant investments in the company, purchasing a total of 27,413 shares at an aggregate amount of $25,871. These transactions indicate Mr. Chan’s growing confidence in Alset Inc.’s future prospects, especially in the real estate sector. In light of these stock purchases, it’s crucial to analyze Alset Inc.’s financial health and market performance. With a market capitalization of $8.81 million, the company’s Price / Book multiple is at a low 0.11, suggesting that the stock…

By Tom Westbrook As the world’s best investment manager and financial market journalist, I bring you the latest update on Asian shares slipping on Wednesday as a stellar rebound in world stocks paused for breath. Bond yields and the dollar also fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. The snapped eight sessions of gains with a 0.2% overnight drop. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%. Hong Kong’s slumped 1.4% with JD.com dropping 11% after Bloomberg News reported top shareholder Walmart plans on…

By Stephanie Kelly Former U.S. President Barack Obama took center stage on the second night of the Democratic National Convention, highlighting Kamala Harris’ nomination to challenge Donald Trump in the upcoming presidential election. Here are the key takeaways from Tuesday night. Republicans Take the Spotlight The Democrats showcased Republican voices to sway conservative voters away from Trump. Stephanie Grisham, Trump’s former White House press secretary; Mesa, Arizona, Mayor John Giles; and former Trump supporter Kyle Sweetser all made appearances at the convention. Grisham shared her journey from a Trump loyalist to the first senior White House staffer to resign after…

Mind Medicine (MindMed) CEO Robert Barrow Increases Stake in Company Mind Medicine (MindMed) Inc. (NEO:MNMD) CEO Robert Barrow recently boosted his ownership in the company, purchasing 1,000 common shares in two separate transactions. This move reflects Barrow’s confidence in the company’s future prospects as he acquired shares at prices ranging from $6.12 to $6.31 per share. Barrow’s total ownership in Mind Medicine now stands at 565,543 common shares, signaling a positive sign to the market. The company, known for its focus on developing therapies derived from medicinal chemicals and botanicals, has been making significant strides in its operations. Recent developments…

As the Bank of Japan raises interest rates, the Japanese yen has seen a sharp increase in strength, leading to a rapid unwinding of the yen carry trade. Jefferies analysts predict a regime change in the yen, with potential long positions impacting corporate earnings in Japan. Historical data suggests that during an unwinding carry trade, the yen could strengthen by an average of 25%, reaching an optimal level of 140 yen. However, if the U.S. economy weakens further, USDJPY could fall to as low as 120 yen, leading to a 5% cut in annual earnings for every 10% appreciation in…

Insider Selling at Accel Entertainment: Director Offloads Shares Worth $137,488 Accel Entertainment, Inc. (NYSE: ACEL) director David W. Ruttenberg recently sold 12,500 shares of the company’s stock at an average price of $10.9991, netting approximately $137,488. The transactions took place on August 15, 2024, and were disclosed in a Form 4 filing with the SEC on August 20, 2024. Ruttenberg now holds 410,635 shares of Class A-1 Common Stock in the company, with the sold shares belonging to the Crilly Court Trust. The sale was executed in accordance with a Rule 10b5-1 trading plan adopted in December 2023 to prevent…