By Davit Kirakosyan
Following a short seller report, the CEO of B. Riley Financial Inc (NASDAQ:RILY) has made additional stock purchases. On February 8, 2023, the CEO purchased 135,923 shares at a price of $40.1756.
Shares plunged more than 10% yesterday after Wolfpack Research disclosed a short position in B. Riley Financial because its research shows the company levered up to buy toxic assets during a financial mania. “Its cash & investments net of debt fell by $950m to -$350m in 2022 and we don't believe things will improve in 2023,” said Wolfpack Research.
NAPCO Security Technologies Inc (NASDAQ:NSSC) announced the pricing of the previously announced underwritten secondary public offering of 2,100,000 shares from the CEO and CFO at $31.50/share.
Centene Corp (NYSE:CNC) saw a couple of insider trades. On February 8, 2023, Executive Vice President and Chief Operating Officer James Murray, acquired 6,750 shares at a price of $73.30, and Director Theodore Samuels purchased 7,000 shares at $71.88.