In a recent transaction, Shelley Webb, the Chief Legal and People Officer at PagerDuty, Inc. (NYSE:), sold 6,246 shares of common stock at an average price of $18.12, netting a total of $113,177. The sale took place on October 9, 2024, as reported in a recent filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $18.00 to $18.22, which represents a weighted average price for the total number of shares sold. Following the transaction, Webb still owns a substantial number of shares in the company, totaling 216,572, some of which are restricted stock units.…
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Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.Passive investing hit a major milestone in 2023. For the first time ever, passive funds surpassed active funds in net assets with global assets hitting $13.3 trillion.Though 2023 saw paltry flows after the 2022 bear market, the milestone capped a decades-long trend in how money flows from investors into the markets.But Tom Sosnoff, co-founder of tastytrade and co-founder and CEO of tastylive, has made a career believing investors shouldn’t just sit back and relax in passive funds. He earned his trading chops over…
While large-scale insider sales don’t necessarily mean a publicly traded company’s management is abandoning ship, they generally don’t inspire investor confidence. News of such a divestment hit Medical Properties Trust (NYSE: MPW) on Thursday, and the resulting sell-off saw the shares lose slightly more than 4% of their value.A director sold a chunk of stockA regulatory document filed after market close on Wednesday revealed that Medical Properties Trust director Michael Stewart sold 32,780 shares of its common stock. The price was $5.46 per share, and the sale left Stewart with 221,245 shares remaining in his portfolio.That isn’t a massive chunk…
In a recent transaction, John E. Kao, the Chief Executive Officer of Alignment Healthcare, Inc. (NASDAQ:ALHC), sold 90,000 shares of the company’s common stock. The sale, which took place on October 9, 2024, amounted to a total of approximately $1,019,538. According to the filing, the shares were sold at a weighted average price of $11.3282 per share, with individual transactions ranging from $11.01 to $11.92. The sale was conducted under a Rule 10b5-1 trading plan, which was adopted on March 14, 2024. This type of plan allows company insiders to sell shares over a predetermined period of time, reducing the…
The ESG investment movement has faced significant pushback in recent years, both from advocates of corporations playing a role in social good and from those wholly opposed to the idea. Some of this is justified—the data and decision-making underlying ESG funds and ratings can often be shoddy and confusing—but this is not always true. No matter one’s view, the ESG investment industry is a very large market. It currently represents somewhere between $30 and $40 trillion in assets under management globally, and despite some recent performance wobbles and drawdowns, that number is expected to grow to between $35 and $50…
Mercedes-Benz has issued a recall for certain GLE vehicles produced between 2021 and 2022, affecting an estimated 10,655 units in the United States. The recall is due to a potential wiring harness routing issue that could prevent the front airbags from deploying correctly. The automaker discovered the problem during an internal crash test in October 2021 and initiated a recall campaign in March 2023. Upon further investigation, Mercedes found that the wiring harness leading to the frontal airbag acceleration sensor was not routed as required in one specific case, leading to incorrect airbag deployment. This incident prompted the automaker to…
Editor’s Note: Our Enterprising Investor podcast features intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. This post summarizes the key talking points from a conversation between the show’s host, Mike Wallberg, CFA, MJ, and Meir Statman. In this episode of Enterprising Investor podcast, we delve into the relationship between money and happiness, and how your state of mind can influence investing success. Our esteemed guest, Meir Statman, a professor at the Levy School of Business at Santa Clara University and author of A Wealth of…
Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) reported transactions by Chief Financial Officer Michael Secora involving both purchases and sales of the company’s Class A Common Stock. Secora, through a series of transactions, sold a total of 30,000 shares, resulting in over $190,000 in proceeds, with the sale prices ranging between $6.3171 and $6.3583 per share. The transactions, which took place on October 8th and 9th, were executed under a 10b5-1 trading plan, a tool that allows company insiders to set up a predetermined plan to buy or sell company stock. The plan was adopted on March 1, 2024, providing a structured and…
The Dodge Charger, a muscle car icon, was introduced in 1966, just as Chrysler revealed its legendary 426 cubic inch HEMI engine. Over the years, the Charger underwent two redesigns before the Malaise Era, but its 1971 iteration stands out as the final model to feature high compression big block V8 engines. Despite its popularity, with over 70,000 units sold in 1971, the Charger R/T is a relatively rare variant. Only 3,118 R/Ts were produced that year, accounting for just 4% of total production. The majority of 1971 R/Ts were equipped with the base four barrel 440 cubic-inch V8 engine,…
Text size The UK government on Thursday announced that it had secured more than £24 billion ($31.3 billion) of private investment in green energy projects, as it gears up for an international investment summit. Prime Minister Keir Starmer called the investments “a huge vote of confidence” in his Labour government and its long-term growth plans, despite a stuttering start in power since the party’s election win in July. Labour, in opposition for 14 years, has vowed to revitalise the UK economy, which it claims faltered badly during successive Conservative administrations since 2010. Central to its plans is green energy, to…