Curiously timed stock trades by ultra-wealthy

Continuing an analysis of IRS records, Robert Faturechi and Ellis Simani for ProPublica delve into the timing of executives trading stock in partners and competitors:

The Medpace executive is among dozens of top executives who have traded shares of either competitors or other companies with close connections to their own. A Gulf of Mexico oil executive invested in one partner company the day before it announced good news about some of its wells. A paper-industry executive made a 37% return in less than a week by buying shares of a competitor just before it was acquired by another company. And a toy magnate traded hundreds of millions of dollars in stock and options of his main rival, conducting transactions on at least 295 days. He made an 11% return over a recent five-year period, even as the rival’s shares fell by 57%.

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Investors bought up a lot of houses in 2021

Home prices in the U.S. increased dramatically over the past couple of years. The percentage of home purchases by investors rather than future home owners also increased. For The Washington Post, Kevin Schaul and Jonathan O’Connell examined how much these percentages increased in major metro areas. In some places, over a third of home purchases went to investors.

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