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Face-Mask Maker’s 460% Rally Spurs Lucrative Insider Share Sales

(Bloomberg) — Alpha Pro Tech Ltd.’s head of Investor Relations — the widow of a former chairman — took advantage of the company’s more than 450% surge this year to sell $13.6 million in stock.Donna Millar, who has been a board member since 2017, the same year her late husband and Alpha-Pro co-founder died, sold more than 350,000 shares on Feb. 28, according to a regulatory filing. Even after the sale, Millar remains the company’s largest holder with more than 1.2 million shares, the filings show, worth $24 million based on Tuesday’s close.The health care supply company, which sells face …read more […]

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Here is the 7th Most Popular Stock Among Hedge Funds

How do you pick the next stock to invest in? We know coronavirus is probably the 1 concern in your mind right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is actually a 3.3% probability that president Donald Trump will die from the new coronavirus (see the details). […] …read more […]

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Is JPMorgan Chase & Co. (JPM) A Good Stock To Buy?

Is JPMorgan Chase & Co. (NYSE:JPM) a good stock to buy right now? We know coronavirus is probably the 1 concern in your mind right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is actually a 3.3% probability that president Donald Trump will die from the new coronavirus […] …read more […]

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Hedge Funds Have Never Been This Bullish On Facebook Inc (FB)

How do we determine whether Facebook Inc (NASDAQ:FB) makes for a good investment at the moment? We know coronavirus is probably the 1 concern in your mind right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is actually a 3.3% probability that president Donald Trump will […] …read more […]

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These Stocks are Gaining Despite Coronavirus Threat

The coronavirus has put financial markets worldwide in panic mode. All major stock indices, including the S&P 500, have been seeing a persistent decline over the past week or so. However, even during such turbulent times, a few stocks have been unaffected or are gaining due to the coronavirus. When it comes to more realistic […] …read more […]

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Oil market faces surplus and needs balancing – Iran oil minister

Iran’s Oil Minister Bijan Zanganeh said on Wednesday that the oil market was facing a surplus and needed to be balanced, SHANA, the news site of the Iranian oil ministry, reported. “It’s necessary for OPEC and non-OPEC to make all their efforts to balance the market.” Ministers from the Organization of the Petroleum Exporting Countries are due to meet this week in Vienna to discuss new oil output cuts to support oil prices. …read more […]

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Brazil’s IRB Plunges After Buffett’s Berkshire Denies Investment

(Bloomberg) — IRB Brasil Resseguros SA tumbled the most on record after Warren Buffett’s Berkshire Hathaway Inc. pushed back against a media report that it held a stake in the Brazilian reinsurer.“Berkshire Hathaway Inc. is not currently a shareholder of IRB, it has never been a shareholder of IRB and it has no intention of becoming a shareholder of IRB,” Berkshire said Tuesday in a statement.Stock fell as much as 25% to 21.10 reais in Sao Paulo, the lowest intraday since October 2018.IRB had been targeted by short seller Squadra Investments, which alleged that the Brazilian reinsurer included one-offs in …read more […]