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- Insider dumps 99% of $QXO stock ~ Pelosi has 2 new stock trades
Insider dumps 99% of $QXO stock ~ Pelosi has 2 new stock trades
Pres. of SilverSun Technologies sells all of his shares before the crash ~ Ronald Brown sells 100% of ownership of $AOS
Omar Aslai
July 31, 2024 • Estimated Reading Time: 5 minutes
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Insider Trading News:
Board of Directors & Pres. SilverSun Technologies dumped all of his stock.
Mellar Mark (board of directors) dumped 99% of $QXO shortly before it lost the majority of its value
He sold 21,000 shares for a value of $5.2 million on June 10th, the stock fell from $290 to $157.
QXO filed two private placements that resulted in shares of its stock falling in after-market trading this morning. That saw the company lose roughly $36 billion worth of its paper value.
Quickly after the private placement, The stock plummeted from $157 to $12 in a matter of minutes
Here’s what happened:
QXO started with a $1 billion investment into another company called SilverSun Technologies. The plan was to use QXO to buy other companies in the building materials distribution industry.
QXO raised about $5 billion from investors, selling shares at around $9.14 each. However, the publicly traded stock had gone as high as $290 per share in June.
Small investors drove the stock price up by 112% earlier this month.
Jared Kushner's company invested $150 million and he joined QXO's board of directors. The recent filing increased available shares from about 665,000 to 400 million.
This increase in available shares led to a big drop in stock price.
Ronald Brown has dumped 100% of his shares in AOS
At the time of this writing, I got an alert that Brown Ronald has dumped 100% of his shares in $AOS
BREAKING: Ronald Brown has dumped 100% of his shares today in $AOS
Earnings are October 24th
— Boring Data (@TheBoringData)
6:58 PM • Jul 31, 2024
Congressional Trades:
Nancy Pelosi disclosed 2 new trades
Nancy Pelosi just disclosed new stock trades!
On July 26th she bought 10,000 shares of Nvidia, $NVDA, on the DIP worth $1.3M.
AND sold 5,000 shares of Microsoft, $MSFT, worth $2.2M.
Her current holdings look like this.
Fast News:
Fed holds rates steady, Powell says September cut 'could be on the table'
Microsoft and AMD’s results perfectly illustrate the two sides of the AI trade
Walt Disney to cut jobs in television unit, Bloomberg News reports
