The latest from the world of hedge funds

Third Point with pressure against Sony

The Daniel Leob Fund, Third Point LLC, is starting to build a position in Sony Corp to put pressure on the upcoming corporate changes. The company plans to cut some of its business departments. Leob takes a second position in Sony. The company, which is the leader in the electronics market in Japan, intends to reduce its "pace". Stroke triggered by CEO Kenichiro Yoshida.

Insider purchases: Paul Sutherland, GAIA's editor

Buyers are good to closely monitor insider purchases or sales data. While there are different reasons for an insider to buy or sell, it is assumed that the only reason to invest would be if it only brought them even more money. The latest big insider purchase was reflected in the SEC report. Director Paul Sutherland has purchased 3,500 shares of GAIA at $ 9.03 per share, with all his investment amounted to $ 56,867.

Insider Deals of the Week: Costco, Walgreens, Revlon

Total wisdom says insiders and other 10% -owned owners actually only buy from the company they are investing in because they expect the stock price to jump still and want to make a profit. Insider purchases are a good signal for potential investors, especially in this period of uncertainty.

Revlon REV: One of the directors of the company has bought a fresh batch of shares. At a price of $ 19.05 and $ 21.59, amounting to 180,000 shares acquired through the Trust Fund. The investment amounts to $ 3.7 million.

Walgreens Boots Alliance WBA: COO with a purchase of 18,000 shares. The purchase price varied between $ 54.53 and $ 54.58 per share, which cost the director $ 928,000.

Costco Wholesale Corporation COST: Member of the board of directors has purchased 3,000 new shares on April 1. The purchase amounted to an average of $ 245,645 per share, with the transaction valued at $ 728,000. Other insiders, however, sold a total of $ 6.93 million in the middle of March.

Read more:

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• Jim Cramer’s latest election: Alteryx, Occidental Petroleum and more
• Arvinas, Dropbox, Trinity under the radar of insiders
• Put options for $11 million in a bet that the SPX will fall in December
• A deal is coming, but not the one we all expect