Harold Hamm Purchases $20 Million Worth Of Continental Resources
A challenging macro environment continued to roil markets last week with the S&P 500 dropping 2.4% and the Nasdaq dropping 3.6%.
Merger Arbitrage Mondays – Healthcare Trust Of America To Combine With Healthcare Realty Trust
Merger activity increased last week with six new deals announced and six deals completed. Three of the six new deals announced were potential deals in the works.
Healthcare Trust of America (NYSE: HTA)
Insider Weekends: Déjà Vu
Investors sometimes believe that they should focus almost exclusively on what is going on with a company to inform their investment decisions and not pay much attention to the macro environment. This approach may work at times but can be detrimental when the macro environment is in a state of flux, where entire economies or industries might be impacted by the prevailing winds of change.
Merger Arbitrage Mondays – Standard General Acquires Tegna For $8.6 billion Or $24 Per Share In Cash
Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works.
TEGNA Inc. (NYSE: TGNA)
Insider Weekends: Co-Founder Of EverQuote Acquires $1.45 Million Worth Of Stock
Reviewing the list of companies that were at a new 52 week high and the ones that had hit a fresh 52 week low last week, I was struck by just how many of the companies in the 52 week high list were financial/banking companies and from the energy sector. Similarly, a large number of companies in the 52 week low list were either biotech companies or from the technology sector.