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What Is Melvin Capital, And What Does It Want With Electronic Arts?
Friday, January 5, 2018 - 3:34pm | 749Read More...Electronic Arts Inc. (NASDAQ: EA) spiked 5 percent and peers more than 2 percent Friday after Melvin Capital Management increased its stake from 970,000 shares to 15.9 million. The long-short equity fund boosted its ownership to 5 percent, according to a 13G filing, expanding a video game portfolio...
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4 Crazy Wall Street Stories That Hollywood Should Pounce On
Saturday, February 25, 2017 - 12:24pm | 665Read More...Academy Award-winning actor Matthew McConaughey stars in the new movie “Gold,” which tells the story of fraudulent Canadian gold mining company Bre-X. Bre-X is only one of hundreds of crazy Wall Street characters and stories fit for the big screen. Here are four crazy Wall Street...
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Steven Cohen Is Putting His Own Money Down In EQT, Advance Auto Parts & Visteon, Among Others
Sunday, May 17, 2015 - 11:05am | 457Read More...Last year, Steven Cohen closed his legendary hedge fund SAC Capital, and created a new group of funds called Point72 Asset Management to manage his personal assets, as well as those of certain eligible employees. Same as in the last quarter, the portfolio is highly diversified, but has a slight...
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SAC Capital Announce Largest Holding in Yahoo
Wednesday, July 30, 2014 - 2:44pm | 41Read More...Shares of Yahoo (NASDAQ: YHOO) jumped over three percent after actives investor Steve Cohen's fund SAC Capital announces it its largest holding, making nearly two percent of SAC Capitals total portfolio.
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Top Trending Tickers On StockTwits For March 7
Friday, March 7, 2014 - 11:20am | 664Read More...Here's a look at the top tickers trending on StockTwits.com QIHOO 360: Strong earnings and guidance, home page visits a concern Last night, QIHOO 360 (NYSE: QIHU) reported its fourth quarter results. The company announced an EPS of $0.70, beating the consensus estimate of $0.43. Revenue of $...
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SLIDESHOW: Whale Watchers Pile In As Hedge Funds File 13Fs; Many Funds Showing QoQ Declines
Thursday, August 15, 2013 - 12:02pm | 146Read More...Wednesday marked the last day Wall Street's hedge-fund managers could have filed their 13Fs for the latest quarter. "Whale watchers," a term coined by financial media sources for those who love to following these high-profile traders into positions, have been tuned into the SEC's EDGAR website...
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The Top 10 Financial Tweets For Friday, July 26
Friday, July 26, 2013 - 9:02am | 1307Read More...There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful, or just down right comical. 1. Reuters Business Reuters Business (@ReutersBiz) tweeted an article about UBS's (NYSE:...
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SAC Capital Indicted By New York Federal Court For Wire Fraud and Securities Fraud
Thursday, July 25, 2013 - 12:38pm | 512Read More...It's finally happened: SAC Capital, the legendary hedge fund run by Steven A. Cohen, has been charged in a New York federal court for one count of wire fraud and four counts of securities fraud. The wire fraud arises from the use of insider information to dupe investors out of fees while the...
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Benzinga Market Primer: Friday, July 5: Non-Farm Payrolls Edition
Friday, July 5, 2013 - 7:22am | 816Read More...Futures Rise Into Payrolls, Central Bank Guidance As Metals Plummet U.S. equity futures rose into the much anticipated Employment Situation Report. Non-Farm Payrolls are expected to have gained 161 thousand in June, below the pace set in May, but the unemployment rate is expected to tick down to 7...
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Feds Targeting SAC Capital's Steve Cohen?
Tuesday, November 27, 2012 - 9:48am | 1988Read More...Yet another former employee of SAC Capital was indicted on insider trading. On Tuesday, U.S. Attorney Preet Bharara's office charged former SAC Capital portfolio manager Mathew Martoma in a $276 million insider trading case -- the largest of its kind. The alleged nefarious trading took place in...
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Feds Circling SAC Capital; Mathew Martoma Goes Down in $276 Million Insider Trading Sting
Wednesday, November 21, 2012 - 6:59pm | 1512Read More...Another bombshell dropped on Tuesday in the sprawling insider trading investigation being run out of Preet Bharara's office. The U.S. Attorney for the Southern District of New York unveiled an indictment against former SAC Capital portfolio manager Mathew Martoma accusing him of trading on inside...
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Former SAC Capital Trader Mathew Martoma Charged with insider Trading by SEC
Tuesday, November 20, 2012 - 11:53am | 83Read More...Earlier, CNBC reported that Mathew Martoma had been arrested by the FBI on allegations of running an insider trading scheme. Reportedly, Martoma made some $276 million off the scheme -- perhaps the most profitable insider trading scheme ever. According to Reuters, Martoma had previously worked...
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Former SAC Capital Analyst Horvath Pleads Guilty to Insider Trading
Monday, October 1, 2012 - 3:00pm | 517Read More...A former technology analyst at Steve Cohen's hedge fund, SAC Capital Advisors LP, has pleaded guilty to charges that he took part in an insider trading ring. Joe Horvath, 42, faces a maximum sentence of 45 years in prison and could be deported, as he is a Swedish citizen. He pleaded guilty to one...
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Feds Charge Expert Networker John Kinnucan In Insider Trading Case
Friday, February 17, 2012 - 5:01pm | 825Read More...The government's sprawling insider trading case netted another fish yesterday afternoon as the FBI took John Kinnucan into custody at his Portland, Oregon home. Kinnucan, the founder of expert network firm Broadband Research LLC, was charged with one count of conspiracy to commit securities fraud,...
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ETFs For 13F Filing Season: Part II
Thursday, February 16, 2012 - 3:21pm | 669Read More...It's safe to assume most investors would like to invest along side the smart money. A difficult task to be sure, but the 13F filing courtesy of the Securities and Exchange Commission can certainly help. For those not in the know, here's a quick explanation of what 13F's are straight from the...
