Breaking News

5 hot insider trades: Activision Blizzard director buys $1M in stock

AuthorDavit Kirakosyan Stock Markets

Published May 07, 2023 09:59AM ET Updated May 08, 2023 04:34AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

5 hot insider trades: Activision Blizzard director buys $1M in stock

INTC

+0.32%

Add to/Remove from Watchlist

MSFT

+0.17%

Add to/Remove from Watchlist

ATVI

+0.14%

Add to/Remove from Watchlist

CVS

+2.00%

Add to/Remove from Watchlist

KDP

-1.93%

Add to/Remove from Watchlist

ADT

-0.17%

Add to/Remove from Watchlist

By Davit Kirakosyan

Investing.com -- Here is your Pro Recap of the biggest insider trades you may have missed this week: buys by top brass at Activision Blizzard, Intel, CVS, Keurig Dr. Pepper, and ADT.

InvestingPro subscribers got these headlines in rapid fire. Start your 7-day free trial.

Activision Blizzard director buys $1 million in stock weeks after CMA blocks Microsoft deal

Activision Blizzard (NASDAQ:ATVI) Director Peter Nolan bought 13,160 shares, or over $1M worth, at $75.9882 a share.

This follows the UK Competition and Markets Authority’s (CMA) recently announced decision to block the acquisition of Activision Blizzard by Microsoft (NASDAQ:MSFT), citing concerns over competition in the Video Game industry, particularly cloud-based gaming. The merger spread on the deal is 27.4%.

Following the announcement, the company pre-released its earnings, posting quarterly bookings of $1.86 billion, beating the consensus estimate of $1.79 billion.

According to Reuters, the company’s King division recorded double-digit growth in mobile net bookings. Furthermore, the pre-sales for the game "Diablo IV" were strong. It is scheduled to be released on June 6.

Intel CEO buys shares following Q1 beat

Intel (NASDAQ:INTC) CEO Patrick Gelsinger, bought 8,200 shares, or $249,324 worth, at $30.385-$30.4184 a share, as InvestingPro reported in real time.

This comes a few days after the company reported better-than-expected Q1 results.

CVS CEO buys $1M in stock following disappointing guidance

CVS Health (NYSE:CVS) CEO and President Karen Lynch, bought 14,000 shares, or nearly $1M worth, at $69.7548 a share.

This was followed by the company’s disappointing 2023 guidance report, which resulted in shares closing the week with more than a 3% loss.

2 more insider purchases

Keurig Dr Pepper (NASDAQ:KDP) saw several insider buys from CFO, Chief Legal Officer, and two others, with the total value of the purchases being worth $1.3M.

ADT (NYSE:ADT) CEO, CFO, and 3 other insiders bought the company’s stock amid the slide during the week. The total value of the purchases was nearly $670,000.

Amid volatile markets and an endless flow of news, get the most important news first to maximize your profits: Always be the first to know with InvestingPro.

Start your free 7-day trial now.

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

US 30	33,882.8	-124.1	-0.36%
US 500	4,318.3	-19.1	-0.44%
Dow Jones	34,006.88	+43.04	+0.13%
S&P 500	4,337.44	+17.38	+0.40%
Nasdaq	13,271.32	+59.51	+0.45%
S&P 500 VIX	16.90	-0.30	-1.74%
Dollar Index	105.722	+0.032	+0.03%

Crude Oil WTI	89.64	-0.04	-0.04%
Brent Oil	91.79	-0.09	-0.10%
Natural Gas	2.891	-0.011	-0.38%
Gold	1,932.85	-3.75	-0.19%
Silver	23.323	-0.062	-0.27%
Copper	3.6770	+0.0028	+0.08%
US Soybeans	1,306.12	+6.87	+0.53%

U.S. 10Y	4.569	+0.023	+0.51%
U.S. 30Y	4.678	+0.019	+0.41%
U.S. 5Y	4.638	+0.018	+0.38%
U.S. 3M	5.479	-0.002	-0.03%
US 10Y T-Note	108.06	-0.11	-0.10%
Euro Bund	128.72	-0.13	-0.10%
10-2 Yield Spread	-59.78	+8.04	+-11.85%

Apple	176.08	+1.29	+0.74%
Alphabet A	131.11	+0.86	+0.66%
Tesla	246.99	+2.11	+0.86%
Amazon.com	131.27	+2.15	+1.67%
Netflix	384.80	+4.99	+1.31%
Meta Platforms	300.83	+1.75	+0.59%
Bank of America	27.60	-0.04	-0.14%

5 hot insider trades: Activision Blizzard director buys $1M in stock

Activision Blizzard director buys $1 million in stock weeks after CMA blocks Microsoft deal

Intel CEO buys shares following Q1 beat

CVS CEO buys $1M in stock following disappointing guidance

2 more insider purchases

Related Articles