Dan Niles looking to re-short Tesla, Apple: Insider trades & hedge funds weekly
Investing.com -- Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Corvex doubles stake in Southwest Gas, Ancora supports Forward Air’s decision to terminate Omni Logistics merger, Satori's Dan Niles covers shorts in Tesla and Apple and looks to re-short higher, and top brass buys at Truist Financial, Nasdaq, and Commercial Metals.
The hedge fund said it expects to engage with Southwest on ways to enhance shareholder value, including by improving earned returns on capital, further restructuring, or an outright sale of the company.), backed Forward Air's recently disclosed position that Omni Logistics has violated the terms of their merger agreement, first announced in mid-August.
The stock took a huge hit after the merger's August announcement, with Ancora and other key shareholders opposing the deal and three former Forward Air executives and current shareholders filing a lawsuit to block the deal last month.
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