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Red Flags Emerge in U.S. Stocks With Insiders Rushing to Sell

(Bloomberg) — The list of warning signs for the rally that pushed U.S. stocks to another record is growing longer.As the S&P 500 Index embarked on a torrid four-day advance, corporate executives and officers have stepped up selling shares in their own companies — so much so that there were five insider sales for every one buy, according to data compiled by Washington Service. That’s poised to be the highest since early 2017.Insiders have been stepping up the pace of sales all year, taking advantage of the S&P 500’s 12% rally since the end of September that pushed valuations toward …read more […]

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'Call of Duty' drives Activision's quarterly beat, overshadows lower forecast

Activision has been pushing for user engagement on its big-budget titles by offering free content, seeking to drive in-game monetization. “Call of Duty: Modern Warfare”, the best-selling game of 2019, according to data from research firm NPD, in December offered free content, including new multi-player maps. The mobile version of “Call of Duty”, launched in October, was installed over 150 million times, the company said. …read more […]

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Johnson & Johnson ordered to pay $750 million in New Jersey talc case: lawyer

Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, according to a lawyer for the plaintiffs. J&J said the judge was planning on reducing the damages to $185 million. During an earlier phase of the trial, the jury held J&J liable for the plaintiffs’ cancers and awarded them $37.2 million in compensation. …read more […]