Merger Arbitrage Mondays – Zendesk To Be Acquired By Permira and Hellman & Friedman
Editor’s Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services,…
Cluster Of Insiders Purchase Carvana, An E-commerce Platform For Buying And Selling Used Cars – Big Insider Trades
A nearly 6% drop in the S&P 500 index last week spurred insider buying with insiders purchasing more than 4 times as much stock as they did the prior week, reversing three weeks of declining purchases.
James Star Significantly Increases His Stake In Pet Products Focused Company Chewy (CHWY)
Last Christmas we highlighted an insider purchase by an independent director of Chewy and wrote the following about the company,
Merger Arbitrage Mondays – Bristol Myers (BMY) Acquires Third Point Therapeutics (TPTX)
Another week and another deal with big pharma buying out a development stage oncology company. Given the real synergies to be had through young companies partnering with big pharma to leverage their manufacturing expertise and distribution networks, regulators have allowed most of them to go through and they tend to close quickly.
Thomas Gayner Purchases 5,000 Shares of Cable One (CABO) For Markel
One of the patterns we like to see with insider buying is a long-serving Director of the company purchasing shares opportunistically. If that Director also happens to have an investing background, we like it even better. The cherry on the top is the company also buying back stock on the open market.
Management of Technology Companies Continue Selling – Zillow (Z)
In a week where we saw most market indices rebound sharply, insiders scaled back their buying after three weeks of elevated buying. Buying declined by 64% in absolute dollar terms and 26% in terms of the number of companies that saw insider buying.
Aggregate Insider Buying Remains Elevated For A Third Week $AMH
In another challenging week for the markets where the Nasdaq dropped nearly 4%, insiders once again significantly stepped up their insider purchases for a third week in a row. We saw an increase across all three dimensions, number of unique insiders buying shares, the number of companies with insider buying and the absolute dollar amount of purchases.
Merger Arbitrage Mondays – Chicken Soup For The Soul Acquires Redbox At a Massive Discount
Most M&A observers had expected U.S. deal activity to moderate or drop sharply this year but it feels like things are heating up with large acquisitions like Microsoft's acquisition of Activision Blizzard (ATVI) or Elon Musk's acquisition of Twitter (TWTR).
Insider Buying Remains Elevated For A Second Week $SBUX $UBER $RILY
In an unusually volatile week, we saw significant market weakness earlier in the week probably driven by forced selling and a relief rally in the end. Insiders once again stepped up their purchases to take advantage of prices, which in some cases are down anywhere from 50% to 90% from their peaks.
Insider Weekends: “Adjusted” Insider Buying Increased Last Week With Insiders Purchasing $176.54 Million Of Stock
During a highly volatile week for markets, we saw insiders step up and purchase shares, although in aggregate it looked like both insider buying and selling declined compared to the prior week.