Today’s Hot List is a short one.
Durable Capital Partners continues to build its position in the language-learning website and mobile app Duolingo Inc $DUOL.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
Durable Capital Partners continues to build its position in the language-learning website and mobile app Duolingo Inc $DUOL.
by David
We’ll lead off today with an update on the big activist story we’re all paying attention to.
After meeting last week to discuss Elon Musk’s takeover offer, Twitter’s $TWTR board announced the adoption of a “poison pill” that makes it economically untenable for Musk to acquire more than 15% of outstanding shares.
It’s also being rumored that Musk is considering taking on partners for his bid for the company.
by David
In a letter to the board of directors, Elon Musk has made an unsolicited bid to buy 100% of Twitter $TWTR in an all-cash deal.
He’s offering $54.20 per share, which represents a 54% premium from when he began investing in the stock and a 38% premium from the time it was announced.
by David
The largest insider transaction on today’s list is a Form 4 filing by Jan Barta of Pale Fire Capital.
Barta continues to grow his position in Groupon $GRPN, as this is the second large Form 4 filing in the last two weeks.
by David
Abdiel Capital Management LLC reported a $2.6 million purchase in the cloud computing and enterprise software stock Appian Corporation $APPN.
The firm now owns more than 5.9 million shares, representing a 15% ownership interest.
by David
It didn’t even last a week!
The Elon and Twitter $TWTR team-up is over before it ever got started.
In a tweet last night, Twitter CEO Parag Agrawal announced that Elon had rejected the company’s offer to join the board.
The two will not be working together for now, at least not in a friendly way.
by David
The largest insider transaction on today’s list is a Form 4 filing by Durable Capital Partners LP.
After disclosing a purchase of roughly $25 million in Duolingo Inc $DUOL, the firm now owns 9% of the language-learning platform.
by David
It’s been a wild few weeks of insider activity.
Today, we have another big splash, brought to us by Warren Buffett’s Berkshire Hathaway $BRK.A.
The investment conglomerate filed both a Form 3 and a Form 4 last night, revealing a brand new position worth roughly $4.2 billion in HP Inc $HPQ.