Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Today’s most important insider trades

Published 10/02/2023, 10:42 am
© Reuters.
NSSC
-
CNC
-
RILY
-

By Davit Kirakosyan

Following a short seller report, the CEO of B. Riley Financial Inc (NASDAQ:RILY) has made additional stock purchases. On February 8, 2023, the CEO purchased 135,923 shares at a price of $40.1756.

Shares plunged more than 10% yesterday after Wolfpack Research disclosed a short position in B. Riley Financial because its research shows the company levered up to buy toxic assets during a financial mania. “Its cash & investments net of debt fell by $950m to -$350m in 2022 and we don't believe things will improve in 2023,” said Wolfpack Research.

NAPCO Security Technologies Inc (NASDAQ:NSSC) announced the pricing of the previously announced underwritten secondary public offering of 2,100,000 shares from the CEO and CFO at $31.50/share.

Centene Corp (NYSE:CNC) saw a couple of insider trades. On February 8, 2023, Executive Vice President and Chief Operating Officer James Murray, acquired 6,750 shares at a price of $73.30, and Director Theodore Samuels purchased 7,000 shares at $71.88.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.