Insider trading happens when people who have access to confidential information about a company use that to profit off its stock. These insiders include folks like the corporate officers and members of the board of directors. Historically, there have been countless cases of unscrupulous insiders benefitting at the expense of unsuspecting shareholders. For example, suppose an insider knows that some news is about to come out that will cause a company’s stock price to fall. They could go into the market and sell their shares to someone who doesn’t know about the news. Likewise, if there’s news coming out that will drive the price higher, they could buy stock from an unsuspecting shareholder. In order to prevent this type of activity, the government has developed numerous regulations and laws. One requires that, when a company insider decides to buy or sell shares in their company’s stock, they must publicly disclose it to the U.S. Securities and Exchange Commission (SEC). That gives outside investors a chance to profit, too.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Right now, the market is making all-time new highs. Some analysts believe that this recent insanity with GameStop (NYSE:GME) and the cryptocurrency markets are signs that we are in a bubble. Many companies have seen their stock prices soar for no apparent logical or fundamental reasons. 8 Cheap Stocks Under $20 That Could Double But within this wildness, there has also been insider trading in the following seven companies. The insiders have decided to take advantage of the rallies and sell some of their shares. That could mean they believe these stocks are over or fairly valued and will eventually trade lower. aTyr Pharma (NASDAQ:LIFE) ANGI Homeservices (NASDAQ:ANGI) Anaplan (NYSE:PLAN) Tradeweb Markets (NASDAQ:TW) SVMK (NASDAQ:SVMK) Smartsheet (NYSE:SMAR) Twitter (NYSE:TWTR) Insider Traded Stocks to Sell: aTyr Pharma (LIFE) Chart by TradingView A biotherapeutics company, aTyr Pharma was founded in 2005, is based in California and is the first name in this article on insider trading. As you can see in the chart above, shares of LIFE stock doubled in just three days. On Feb. 4, the stock opened at $3.90 per share. Then on Feb. 8 — just two trading days later — shares reached $8.33. There was no news, so the stock was probably taken up by the day traders. However, two company insiders decided to sell some of their shares. President and CEO Sanjay Shukla sold 778 shares at $7.66, while CFO Jill Broadfoot sold 390 shares at $7.66 as well. These were small sales and both insiders continue to hold larger positions. But this could also mean they believe the shares got ahead of themselves in the recent market frenzy. The three analysts on Wall Street that follow this company think aTyr’s long-term prospects are great. According to Tipranks, they all have strong buy ratings on the stock, with an average price target of $13.33. That is about two times higher than where LIFE stock is now. ANGI Homeservices (ANGI) Chart by TradingView ANGI Homeservices operates a digital marketplace that — you guessed it — connects consumers with home service professionals. This is another stock that has ripped higher in the recent market chaos. As you can see on the above chart, the share price appreciated by more than 50% in less than a month. Between Jan. 15 and Feb. 8, ANGI stock rose from around $12 to a close of $18 per share. Allison Lowrie is the CMO of ANGI. She decided to raise some cash and take advantage of the recent move. Based on a SEC Form 4 (which reports insider trading), Lowrie sold 76,903 shares at $17.74 per share. That’s worth close to $1.4 million. 7 Must-Own Stocks in February Wall Street seems to agree with Lowrie that this is a fair valuation for the company. On Tipranks, nine analysts follow ANGI and have an average target price of $17.38. That is somewhat close to the current price of just under $16. Anaplan (PLAN) Chart by TradingView Anaplan is a company that provides a cloud-based planning platform to connect people and organizations. The company was founded in 2008 and is headquartered in San Francisco, California. On Jan. 28, shares of PLAN stock opened at around $62.50. By Feb. 8, they had reached a high of over $83. That represents a gain of more than 30%. Sandesh Kaveripatnam is a director for Anaplan. In terms of insider trading, Kaveripatnam decided to take advantage of the recent price appreciation and raise some cash. One Feb. 5, he sold 11,991 shares at prices between $78 and $81. That made for a sale amounting well over $900,000. Wall Street thinks that shares are fairly valued at current levels. Moreover, they probably think that Kaveripatnam has made a smart move. On Tipranks, five analysts follow Anaplan. The average target price is $79.59 — relatively in-line with where PLAN stock is currently trading. Tradeweb Markets (TW) Chart by TradingView Next on this insider trading stocks list, Tradeweb Markets builds and operates electronic marketplaces. According to it’s website, the company “offers institutional, wholesale and retail market participants unparalleled liquidity, advanced technology and a broad range of data solutions.” Moreover, Tradeweb operates in both the United States and internationally. It was founded in 1996. As you can see on the above chart, TW stock is trading at a resistance level. Resistance means there is a large concentration of sellers gathered around the same price. When stocks reach resistance levels, they have a tendency to sell off. That has happened with Tradeweb. It hit resistance in both June and December. Now it has reached that level once more. Enrico Bruni is a managing director for the company. Probably believing shares would sell off again, Bruni reportedly sold 142,861 shares at a price of $67.66 on Feb 9. 7 Safe Stocks for Reddit’s WSB Bull Gang Like ANGI and PLAN, the Street thinks TW stock is fairly valued, too. On Tipranks, the seven analysts following the company give this name an average share price of $69.83 — close to current prices. SVMK (SVMK) Chart by TradingView Formerly known as SurveyMonkey, SVMK provides clients with survey software solutions. The company’s products allow other companies to engage with their customers and employees. SVMK was founded in 1999 and is headquartered in San Mateo, California. At the beginning of December, shares of SVMK stock were trading around the $21 level. Since then, they have trended higher. Trading at a high of $28.12 on Feb. 11, the stock currently changes hands closer to $25. Like with other insider trading names on this list, CEO Alexander Lurie just made a significant sale on the stock. Between Feb. 5 and Feb. 8, Lurie sold a total of 16,595 shares at an average price of $28. This is about $460,000 worth of stock. Three analysts follow SVMK stock on Tipranks and they probably agree with Lurie’s decision to sell. Each believes shares are trading at a fair price. The average target is $29. This is only slightly higher than the range that the stock traded at over the past several days — and close to the price that the CEO sold at. Smartsheet (SMAR) Chart by TradingView Smartsheet provides a cloud-based platform for the efficient execution of work. The company was founded in 2006 and is headquartered in Washington state. As you can see in the above chart, between late November and now, shares have rallied from $52 to today’s levels of over $80. With SMAR stock trading at about $84 (and rising), this represents a gain of over 60% in less than three months. At least one insider is using this move to lighten up their position. In terms of insider trading, CMO Anna Griffin sold 5,500 shares between $75 and $76 on Feb. 5. That made for a gain of more than $400,000. Other insiders have reported selling shares as well. 7 F-Rated Growth Stocks to Sell Sooner Than Later This company is widely followed by Wall Street. Nine analysts cover the stock on Tipranks. They give it an average target price of $80.89. This is only a few dollars below where it trades today. Twitter (TWTR) Chart by TradingView Last on this list of insider trading stocks, Twitter is a social media company that operates as a platform for public self-expression and conversation in real time — in both the United States and internationally. It was founded in 2006 and has headquarters in San Francisco, California. Like other companies in this article, Twitter has rallied and the insiders are selling. In just the past month, the price of TWTR stock has gone from $46 to $60 and above. The stock trades at around $72 today. On Tipranks, 32 analysts give a price target of $62.86 on Twitter. This is about $10 below the current price. What’s more, Robert Kaiden is the chief accounting officer of the company and sold shares recently. On Feb. 9, Kaiden reported selling 12,032 shares at prices between $55 and $57 a piece. At the time of this publication, Mark Putrino did not have any positions (either directly or indirectly) in any of the aforementioned securities. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden’s Presidency The post 7 Stocks With Important Insider Trading Signals That Say Sell appeared first on InvestorPlace.
Comparing Luxury Investment Around the World – Visual Capitalist
Do you enjoy the finer things in life? For many of the world’s wealthy individuals, acquiring luxury goods such as art, fine wine, and watches is a passion.
Unlike traditional investments in financial assets, luxury goods can be difficult to value if one does not have an appreciation for their form. A rare painting, for example, does not generate cash flows, meaning its value is truly in the eye of the beholder.
To gain some insight into the market for luxury goods, this infographic takes data from Knight Frank’s 2021 Wealth Report to compare the preferences of nine global regions.
Global Tastes in Luxury Goods
To rank the most popular luxury investments in 2020, Knight Frank surveyed over 600 private bankers, wealth advisors, and family offices. The following table summarizes their findings, as well as each category’s growth according to the Knight Frank Luxury Investment Index.
|Global Average Ranking||Category||10-year growth in asset values (%)|
Art was unmistakably the top category for 2020, ranking first in every geographic region except Africa and Asia, where it placed second instead. The global market for artwork was estimated to be worth $64 billion in 2019, and is often facilitated through auction houses such as Sotheby’s.
In terms of asset appreciation, rare whiskeys have climbed the most in value over the past 10 years. Connoisseurs of this spirit will be familiar with distilleries like The Macallan, whose rare bottles can sell for more than a million dollars.
Comparing Luxury Investment Between North America and Asia
Below, we’ve compared the rankings of Asia and North America to get a better idea of how preferences can vary.
The biggest differences here are watches, which ranked first in Asia but fourth in North America, and classic cars, which ranked second in North America but fifth in Asia. The remaining eight categories took similar spots across the two regions.
|Rank||Asia Popularity||North America Popularity|
|6||Rare whiskey||Rare whiskey|
|9||Colored diamonds||Coins (tied for 8th place)|
Asia’s stronger preference for watches was likely driven by Chinese consumers, who are now the biggest buyers of luxury watches globally. Demand throughout the COVID-19 pandemic proved resilient, with exports of Swiss watches to China increasing by 17.1% between January and November 2020.
Classic cars, on the other hand, may be more popular in North America due to the region’s longer automotive history. Two of America’s most iconic automakers, Ford and General Motors, have both been around for over a century!
The Biggest Sales of 2020
Here were some of the most extravagant and noteworthy luxury sales from 2020.
Francis Bacon’s 1981 Triptych Inspired by the Oresteia of Aeschylus was sold by Sotheby’s for $84.6 million in June 2020. A triptych is an artwork that is divided into three sections but displayed as a single piece.
Other paintings by Francis Bacon have sold for even larger amounts. In 2013, Three Studies of Lucian Freud was sold by Christie’s auction house for $142 million.
A 1932 Bugatti Type 55 Super Sport Roadster sold for $7.1 million in March 2020, making it one of the biggest classic car sales of the year.
Founded in 1909, Bugatti has produced some of the world’s most sought-after cars. The French brand was acquired by the Volkswagen Group in 1998, and since then, has released numerous special edition cars with price tags reaching well into the millions.
An Hermès Himalaya Niloticus Crocodile Retourné Kelly 25 sold for $437,330 in November 2020, becoming the most expensive handbag ever sold at an auction. Founded in 1837, Hermès is commonly regarded as one of the world’s most prestigious makers of handbags.
COVID-19 Dampens Luxury Investment
When compared to 2019, total sales for Sotheby’s declined 16% in 2020, while Christie’s, another leading auction house, reported a 25% decline. Despite these decreases, executives remain optimistic.
“The art and luxury markets have proven to be incredibly resilient, and demand for quality across categories is unabated.”
– Charles Stewart, CEO, Sotheby’s
The industry has been largely successful in transitioning to online operations, with Sotheby’s reporting that 70% of its auctions in 2020 were held online, up from 30% in the previous year.
Investment advisor at Canaccord Genuity charged in Vancouver pizzeria confrontation – CTV News Vancouver
One of the men charged following a heated confrontation over masks at a Vancouver pizza restaurant is an investment advisor at Canaccord Genuity.
The company issued a statement to CTV News on Friday saying the employee has been suspended without pay pending the outcome of an internal investigation.
“We are incredibly disappointed to learn of a shameful incident of inexcusable behaviour involving one of our employees,” a spokesperson for Canaccord Genuity said in an email.
“Canaccord Genuity rejects the disgraceful behaviours, opinions and actions of the individuals involved. They are in no way representative of our firm’s values.”
Vancouver police confirmed this week that assault charges have been approved against James Henry Davidson and Brenton Thomas Woyat.
Profiles on Facebook and LinkedIn identified Woyat as an investment advisor at Canaccord Genuity as recently as Thursday, though both pages appear to have been deactivated.
The allegations stem from a late-night altercation at the Pizza Pizza location in Vancouver’s Kitsilano neighbourhood on Feb. 20.
Video shows two men confronting staff in an apparent dispute over the restaurant’s mask policy. The pizzeria requires everyone capable of wearing a mask to do so, in accordance with the province’s mask mandate.
“You guys are complete morons. COVID is a joke. You are completely brainwashed,” one man yells in the video.
The recording later shows a teenager who was waiting outside the pizzeria getting roughed up.
Police said the men drove away from the scene, but that officers pulled over two suspects minutes later. Const. Tania Visintin said one of them is facing a possible charge of impaired driving as well, but she could not specify which one.
Visintin described the behaviour captured in the video as “ridiculous” and “embarrassing.”
“This young man was just outside a pizza joint trying to eat pizza and he gets assaulted by two grownups,” Visintin said Thursday.
Police said they’ve seen a growing number of incidents involving customers who become belligerent when asked to abide by provincial guidelines in businesses.
“It’s unfortunate because these shop owners or store employees are just doing their job, they’re just making a living and following the rules,” Visintin said.
Woyat is scheduled to appear in court on March 17, while Davidson is due to appear on April 9.
With files from CTV News Vancouver’s Allison Hurst
LETTER: New multi-use Sydney library wise investment – TheChronicleHerald.ca
If the past year has taught us anything, it is the value of libraries in our communities. The time confined to our homes and limited in-person interactions would have taken a much higher toll without access to books.
Libraries provide a central hub for connecting people, sharing information and building stronger communities. The inclusiveness of libraries provides the sense of belonging needed by all citizens. An investment in people will require prioritizing these types of services. A new library should come high on this list simply because it can be used by every citizen for multiple purposes, books being but only one aspect of it. Modern libraries fulfill roles in society previously held by churches and community groups that grew from them. Communities that have made the choice to invest in new, modern library buildings are proud of their accomplishment and the positive response from their communities.
Living in rural Cape Breton means that many of the municipal services citizens have come to expect as normal are not available to us, such as central water and sanitation systems. What we do have and value is a branch of the local library. The sense of belonging is even more critical in small rural communities such as Main-a-Dieu.
We will all benefit in more ways than can be listed if we as a community support the investment required to bring Sydney and area into the 21st century with a new, multi-use library. Libraries have become the new meeting place for our social, cultural and intellectual development.
We need to believe in our potential but also support and encourage it by providing the means to achieve our goals. A new library can do this for our community as it has done for so many others across Canada. It would be an investment in people of all ages.
The pandemic had shown us we are a strong, resilient community that can make tough choices. Building a new library is something we can and must do for not only our current residents, but also our future generations.
President, Main-a-Dieu Community Development Association
Philipp Kurashev scores in shootout as Blackhawks beat Lightning – Sportsnet.ca
BC First Nation 'outraged' after Green MLA reveals COVID-19 outbreak – Surrey Now-Leader – Surrey Now-Leader
Canada unveils greenhouse gas reduction credits to boost carbon trading market
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Galaxy M31 July 2020 security update brings Glance, a content-driven lockscreen wallpaper service
Health18 hours ago
How COVID-19 reshaped Calgary, one year after first case – Calgary Herald
Investment6 hours ago
Investment advisor at Canaccord Genuity charged in Vancouver pizzeria confrontation – CTV News Vancouver
Health24 hours ago
EU to extend COVID vaccine export controls to end of June: sources – Reuters
Economy47 mins ago
Canada’s Ivey PMI climbs to six-month high as employment improves
News22 hours ago
Ontario expecting shorter timeline for COVID-19 vaccine rollout after good news on dosing and AstraZeneca – CP24 Toronto's Breaking News
News12 hours ago
India's top diplomat touts improved relations with Canada, open to sending more vaccines – CTV News
Sports7 hours ago
Why the Toronto Maple Leafs should make a push for Taylor Hall before the trade deadline – Maple Leafs Hot Stove
Art17 hours ago
In Gallery 1313's 'Lockdown Show,' John Ferri's art reflects the beginnings of optimism – ThePeterboroughExaminer.com