Weekly Insider Money Tracking: Morphic Therapeutic's director acquired $47 million shares the same day when the company announces a $240 million proposed public offering.
1 | Below is a look at the top insider trades with the biggest value in the past week.
On May 03, 2023, Timothy A Springer, director of $Morphic(MORF.US$, acquired a total of 1,050,000 shares at an average price of $45.00. Acquiring these shares, it costs around $47.25 million.
On the same day, Morphic Holding announced the pricing of an underwritten public offering of 5,333,334 shares of its common stock at a price to the public of $45.00 per share. The gross proceeds from this offering are expected to be approximately $240 million.
For insider selling, two directors of $Yum China(YUMC.US$ a sold about $71 million company shares at an average price of $62 each.
2 | Weekly Congress tracking
There is no congress trading activity filings for the week.
Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions. Individual investors could potentially make use of thisalternative data of the latest Senate stock disclosuresto obtainmarket insights.
Source: Benzinga, Finviz, UnusualWhales
Disclaimer: Past performance can't guarantee future results. Investing involves risk and the potential to lose principal. This article is for information and illustrative purposes only.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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