Brazil Investigates Alleged Insider Trading Tied to Trump Tariff News
Justice Alexandre de Moraes issued the order on Monday in response to a request from Brazil's attorney general based on local media reports of significant foreign exchange transactions shortly before and after the official tariffs announcement on July 9. The attorney general said the currency movements suggested 'possible use of privileged information (insider trading) by individuals or legal entities.'
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OJ maker sues Trump over Brazil tariffs saying his plan could drive up consumer costs by 25%
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Rubio rips Venezuela's Maduro as 'narco-terrorist' leader threatening US one year after disputed election
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With Alta Copper Up 15%, Insider Buyers Count Their Returns
Alta Copper Corp. (TSE:ATCU) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 15% resulting in a CA$8.5m addition to the company's market value. In other words, the original US$300.5k purchase is now worth US$506.4k. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Alta Copper Insider Transactions Over The Last Year The CEO, President & Director Giulio Bonifacio made the biggest insider purchase in the last 12 months. That single transaction was for CA$80k worth of shares at a price of CA$0.41 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.71. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. In the last twelve months Alta Copper insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Alta Copper Alta Copper is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Insiders At Alta Copper Have Bought Stock Recently We saw some Alta Copper insider buying shares in the last three months. CEO, President & Director Giulio Bonifacio shelled out CA$15k for shares in that time. It's great to see that insiders are only buying, not selling. However, in this case the amount invested recently is quite small. Does Alta Copper Boast High Insider Ownership? Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Alta Copper insiders own 2.8% of the company, worth about CA$1.9m. I generally like to see higher levels of ownership. So What Do The Alta Copper Insider Transactions Indicate? We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Alta Copper insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Alta Copper has 3 warning signs (and 2 which don't sit too well with us) we think you should know about. Of course Alta Copper may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
