Purple Innovation Inc (NASDAQ:PRPL) CFO Craig Lee Phillips Sells 48,690 Shares of Stock

Purple Innovation Inc (NASDAQ:PRPL) CFO Craig Lee Phillips sold 48,690 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $24.00, for a total transaction of $1,168,560.00. Following the completion of the transaction, the chief financial officer now owns 54,310 shares of the company’s stock, valued at $1,303,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Craig Lee Phillips also recently made the following trade(s):

  • On Wednesday, September 23rd, Craig Lee Phillips sold 51,310 shares of Purple Innovation stock. The stock was sold at an average price of $23.89, for a total transaction of $1,225,795.90.

NASDAQ PRPL opened at $24.47 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 2.19. The stock has a market

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1 Must-Have Investment If You’re Worried About a Stock Market Crash

After a devastating crash earlier this year, the stock market made a stunning recovery in the months that followed.

However, the last few weeks have been rough on the market. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq have all slid into correction territory, each dropping by roughly 10% since early September.

While nobody knows for certain whether a bear market is around the corner or not, it’s wise to prepare for a market crash anyway. And there’s one investment that will give your savings the best shot at recovering from even the worst market downturn: S&P 500 index funds.

Man sitting behind computer with his head in his hands

Image source: Getty Images.

S&P 500 index funds boast two major advantages: They provide instant diversification, and they’re extremely likely to bounce back from market downturns. Both of these perks can play in your favor if the market continues its downhill slide.

1. Instant diversification

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Why E.W. Scripps Stock Skyrocketed Today

What happened

Shares of E.W. Scripps (NYSE:SSP) have skyrocketed today, up by 15% as of 1:13 p.m. EDT, after the company announced it was acquiring ION Media for $2.65 billion. Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) is helping to fund the deal.

So what

Scripps is scooping up the independent television network and plans to combine it with its existing Katz Networks and Newsy businesses. The media company estimates that the acquisition will create $500 million in synergies over the next six years, predominantly derived from carriage fee savings related to Katz Networks.

Hand pointing remote at TV that's displaying a mosaic of images

Image source: Getty Images.

Berkshire Hathaway has agreed to invest $600 million in Scripps, receiving preferred stock and warrants to buy up to 23.1 million additional Scripps shares at $13 apiece. The cash that Scripps is receiving from the Berkshire investment will be used to finance a portion of the ION acquisition, with the rest of the

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Craig Lee Phillips Sells 48,690 Shares of Purple Innovation Inc (NASDAQ:PRPL) Stock

Purple Innovation Inc (NASDAQ:PRPL) CFO Craig Lee Phillips sold 48,690 shares of Purple Innovation stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $24.00, for a total transaction of $1,168,560.00. Following the transaction, the chief financial officer now directly owns 54,310 shares of the company’s stock, valued at $1,303,440. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Craig Lee Phillips also recently made the following trade(s):

  • On Wednesday, September 23rd, Craig Lee Phillips sold 51,310 shares of Purple Innovation stock. The stock was sold at an average price of $23.89, for a total transaction of $1,225,795.90.

NASDAQ PRPL opened at $24.47 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 2.19. The firm has a market cap of $1.32 billion, a

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Forget Coca-Cola, Home Depot Is a Better Dividend Stock

Finding a good dividend involves more than just screening for high yields and long track records of annual payout raises. Many blue chip businesses would show up in that search, but only a few of these stocks will end up generating the type of market-thumping returns that income investors are reaching for.

That fact shines through when stacking up two Dow giants, Coca-Cola (NYSE:KO) and Home Depot (NYSE:HD). While the beverage titan has plenty of attractive investment qualities, Home Depot looks like the better dividend stock right now.

A couple shopping for appliances.

Image source: Getty Images.

More ammunition

Sure, Coca-Cola pays a higher yield today, at over 3% compared with Home Depot’s 2%. But that gap is mainly due to investors’ judgments about the two companies diverging growth outlooks. Consumers are more focused on home improvements thanks to pandemic-related changes to shopping and work habits. These shifts have moved against Coke by severely

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Warren Buffett’s Berkshire Hathaway Sold Health-Care Stock DaVita

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Warren Buffett’s firm remains the largest shareholder in DaVita, with a 31.7% stake.


Saul Loeb/AFP via Getty Images

Warren Buffett
’s

Berkshire Hathaway

trimmed its stake in health-care provider

DaVita.

Berkshire Hathaway (ticker:

BRKb

) sold 2 million shares of DaVita (DVA) on Sept. 17 for $176 million, a per-share price of $88. According to a form Buffett’s firm filed with the Securities and Exchange Commission, its DaVita stake now stands at 36.1 million shares, a 31.7% stake. Berkshire Hathaway remains DaVita’s largest shareholder.

Berkshire Hathaway sold its DaVita shares in the latter’s recent self-tender, in which it paid $88 each for a total of 8 million shares. The tendered shares represented 6.5% of DaVita’s outstanding shares at the time.

Berkshire Hathaway didn’t respond to a request for comment on the stock sale.

DaVita shares have gained 11.8% year to date through Friday’s close. That performance tops

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Charles Schwab Investment Management Inc. Boosts Stock Position in Blackline Inc (NASDAQ:BL)

Charles Schwab Investment Management Inc. increased its holdings in shares of Blackline Inc (NASDAQ:BL) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,328 shares of the technology company’s stock after buying an additional 34,692 shares during the period. Charles Schwab Investment Management Inc. owned about 0.57% of Blackline worth $26,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its holdings in Blackline by 6.9% in the 2nd quarter. NEXT Financial Group Inc now owns 2,448 shares of the technology company’s stock worth $203,000 after buying an additional 157 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Blackline by 5.2% in the

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Bank of Montreal Can Has $143,000 Stock Position in Two Harbors Investment Corp (NYSE:TWO)

Bank of Montreal Can raised its position in Two Harbors Investment Corp (NYSE:TWO) by 1,436.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,131 shares of the real estate investment trust’s stock after acquiring an additional 28,170 shares during the period. Bank of Montreal Can’s holdings in Two Harbors Investment were worth $143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Two Harbors Investment by 387.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,256,170 shares of the real estate investment trust’s stock valued at $41,611,000 after acquiring an additional 6,561,145 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Two Harbors Investment by 42.3%

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Stock investors should capitalize on the recent market correction by broadening portfolios beyond just tech, says one top Wall Street strategist


  • Tech stocks’ time in the spotlight is over, and investors should begin shifts to value stocks and cyclical sectors, James Paulsen, chief investment strategist at The Leuthold Group, said in a recent note.
  • The S&P 500’s brief Thursday correction marks “an opportunity to ‘broaden your bets'” before valuations rebound, Paulsen said.
  • Money supply growth surged in recent months on the back of Federal Reserve easing and the CARES Act. That trend has preceded economic expansions by 12 months in all eight recessions since 1960, according to the strategist.
  • The cyclical sectors that avoided bankruptcy during coronavirus lockdowns “may currently be positioned with the greatest upside profit leverage,” Paulsen said.
  • Still, investors should hold on to some growth positions as their fundamentals remain healthy, he added.
  • Visit the Business Insider homepage for more stories.

The S&P 500’s brief correction opened the door for a shift to neglected corners

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