Financial Wire

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Insider Trading

Planet Labs PBC Insider Sold Shares Worth $2,584,358, According to a Recent SEC Filing

Robert H Schingler, Director, Co-Founder, Chief Strategy Officer, on April 06, 2026, sold 73,683 shares in Planet Labs PBC (PL) for $2,584,358. Following the Form 4 filing with the SEC, Schingler has control over a total of 1,249,421 Class A common shares of the company, with 992,933 shares held directly and 256,488 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1836833/000119312526147739/xslF345X05/ownership.xml

$PL
Insider Trading

Ncino Insider Sold Shares Worth $263,406, According to a Recent SEC Filing

Sean Desmond, Director, CEO & President, on April 06, 2026, sold 15,440 shares in Ncino (NCNO) for $263,406. Following the Form 4 filing with the SEC, Desmond has control over a total of 589,428 common shares of the company, with 589,428 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1902733/000190273326000038/xslF345X05/wk-form4_1775680314.xml

$NCNO
Insider Trading

United Therapeutics Insider Sold Shares Worth $5,358,116, According to a Recent SEC Filing

Martine A Rothblatt, Director, Chairperson & CEO, on April 07, 2026, sold 9,500 shares in United Therapeutics (UTHR) for $5,358,116. Following the Form 4 filing with the SEC, Rothblatt has control over a total of 679,872 common shares of the company, with 40,513 shares held directly and 639,359 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000110657826000028/xslF345X05/primarydocument.xml

$UTHR
Insider Trading

Twilio Insider Sold Shares Worth $2,096,193, According to a Recent SEC Filing

Khozema Shipchandler, Director, Chief Executive Officer, on April 06, 2026, sold 15,715 shares in Twilio (TWLO) for $2,096,193. Following the Form 4 filing with the SEC, Shipchandler has control over a total of 235,542 Class A common shares of the company, with 235,542 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1447669/000144766926000035/xslF345X05/wk-form4_1775680031.xml

$TWLO
Insider Trading

Nike Insider Bought Shares Worth $500,002, According to a Recent SEC Filing

Robert Holmes Swan, Director, on April 07, 2026, executed a purchase for 11,781 shares in Nike (NKE) for $500,002. Following the Form 4 filing with the SEC, Swan has control over a total of 56,654 Class B common shares of the company, with 55,074 shares held directly and 1,580 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/320187/000032018726000043/xslF345X05/form4.xml

$NKE
Insider Trading

Datadog Insider Sold Shares Worth $3,761,653, According to a Recent SEC Filing

Alexis Le-Quoc, Director, Chief Technology Officer, on April 06, 2026, sold 32,300 shares in Datadog (DDOG) for $3,761,653. Following the Form 4 filing with the SEC, Le-Quoc has control over a total of 531,480 Class A common shares of the company, with 531,311 shares held directly and 169 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1561550/000156155026000110/xslF345X05/wk-form4_1775679762.xml

$DDOG
Insider Trading

Nuvation Bio Insider Sold Shares Worth $903,560, According to a Recent SEC Filing

Kerry Wentworth, Chief Regulatory Officer, on April 06, 2026, sold 200,000 shares in Nuvation Bio (NUVB) for $903,560. Following the Form 4 filing with the SEC, Wentworth has control over a total of 53,000 Class A common shares of the company, with 53,000 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1811063/000136945326000005/xslF345X05/form4-04082026_080413.xml

$NUVB
Insider Trading

Cytokinetics Insider Sold Shares Worth $292,985, According to a Recent SEC Filing

Fady Ibraham Malik, Executive Vice President, Research & Development, on April 07, 2026, sold 4,500 shares in Cytokinetics (CYTK) for $292,985. Following the Form 4 filing with the SEC, Malik has control over a total of 153,902 common shares of the company, with 153,902 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1061983/000106198326000034/xslF345X05/form4.xml

$CYTK
Insider Trading

Advanced Micro Devices Insider Sold Shares Worth $740,925, According to a Recent SEC Filing

Mark D Papermaster, Chief Technology Officer & Executive Vice President, on April 06, 2026, sold 3,293 shares in Advanced Micro Devices (AMD) for $740,925. Following the Form 4 filing with the SEC, Papermaster has control over a total of 1,707,678 common shares of the company, with 1,294,466 shares held directly and 413,212 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2488/000000248826000064/xslF345X05/wk-form4_1775679123.xml

$AMD
Insider Trading

Ebay Insider Sold Shares Worth $4,078,637, According to a Recent SEC Filing

Jamie Iannone, Director, President, and CEO, on April 06, 2026, sold 42,000 shares in Ebay (EBAY) for $4,078,637. Following the Form 4 filing with the SEC, Iannone has control over a total of 549,710 common shares of the company, with 331,653 shares held directly and 218,057 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1065088/000106508826000081/xslF345X05/form4.xml

$EBAY
Asia Markets

TSX Closer: The Index Climbs For a Sixth Day as the United States and Iran Agree to a Ceasefire

The Toronto Stock Exchange on Wednesday rose for a sixth-straight session. it longest winning streak since late November 2025 as a hoped for ceasefire in the war that pitched the United States and Israel against Iran has given already bullish investors the green light to go out and buy more.The resources-heavy S&P/TSX Composite Index closed up 383.05 points, or 1.15%, to 33,620.57, even with commodity prices mixed and as tensions persist across the Middle East. The U.S. markets did even better, with the S&P 500 up 2.5% and the Nasdaq Composite up 2.8%.Reflecting the mixed commodity prices, among sectors here Base Metals was easily the biggest gainer, up near 5.1%, on higher precious metals, while Energy was easily the biggest loser, down 4.5%, amid lower oil prices.According to FactSet the TSX going in to today was up 1,302.58 points or 4.08% over the prior five trading days, representing its largest five-day point and percentage gain since Friday, Feb. 20, 2026 and year-to-date was up 1,524.76 points or 4.81%.FactSet also noted going in to today the TSX was off 3.8% from its record close of 34,541.27 on March 2, and was up 32.6% from the U.S. Inauguration Day close of 25,067.92 on Jan. 20, 2025.Of commodities today, gold traded higher as the U.S. dollar plunged after the U.S. and Iran agreed to a two-week ceasefire and a likely re-opening of the Strait of Hormuz, easing fears of rising inflation and slowing growth while sending oil prices back below US$100 per barrel. Gold for May delivery was up US$81.80 to US$4,766.50 per ounce.West Texas Intermediate crude oil for May delivery closed down US$18.54 to settle at US$94.41 per barrel, while June Brent oil was down US$13.65 to US$95.62.

$^GSPTSE$.GPTSE$$CXY
US Markets

Wealth Brokers, Investment Banks Faced Uneven First-Quarter Activity, UBS Says

Wealth brokers and investment banks faced uneven market activity in the first quarter due to geopolitical uncertainty, UBS Securities said in client note sent Wednesday.For the first quarter, UBS is projecting earnings per share to be down 7% quarter on quarter and up 22% annually for wealth brokers. For investment banks, the broker is looking at a 29% slump in EPS on a quarterly basis and an 11% jump year over year."For wealth brokers, growth was tempered by lower March market levels, though retail trading picked up on volatility," UBS analysts, including Michael Brown, wrote. "Organic growth was solid versus expectations, with the setup improving into (2026)."Meanwhile, momentum faded for investment banks during the quarter as pipelines shrank from the year end, "with some deals likely paused pending macro clarity, creating an activity air pocket," Brown said.Late Tuesday, the US and Iran agreed to a two-week ceasefire. The war, which began at the end of February, spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz.UBS named Charles Schwab (SCHW) and Stifel Financial (SF) as its top picks heading into the first-quarter earnings season, saying Evercore (EVR) is "favorably positioned." Moelis (MC), Lazard (LAZ), and Raymond James Financial (RJF) are expected to "lag on a relative basis," according to the brokerage.UBS upgraded LPL Financial (LPLA) to buy, citing an attractive valuation.UBS lowered its price targets for wealth brokers and investment banks by 8% and 2% on average, respectively.The brokerage expects artificial intelligence to be a key topic at the upcoming earnings season for wealth brokers."In the wealth space, we expect AI to improve advisor productivity, though see risks to sweep cash economics and to market share of advised assets," Brown said. "Ultimately, we see these threats as slower moving than the bears think and see forward-looking firms as well positioned to adapt and thrive."

$EVR$LAZ$LPLA$MC$RJF$SCHW$SF
US Markets

Fed Should be 'Nimble' Amid War-Driven Macro Risks, March Meeting Minutes Show

The Federal Reserve should be "nimble" in adjusting monetary policy in light of heightened risks to inflation and employment driven by the Middle East conflict, minutes from the central bank's March 17-18 meeting showed Wednesday.At the meeting, the Federal Open Market Committee decided to keep its policy rate unchanged between 3.50% and 3.75% for a second straight time amid uncertainty around the US-Israel war with Iran. The FOMC's Summary of Economic Projections at the time continued to indicate potential policy easing this year."In light of the heightened degree of economic uncertainty, participants emphasized the importance of being nimble in adjusting the stance of policy in response to incoming data, the evolving outlook, and the balance of risks," the meeting minutes showed Wednesday. "Many participants judged that, in time, it would likely become appropriate to lower the target range for the federal funds rate if inflation were to decline in line with their expectations."A couple of policymakers pushed their expected timing of potential policy easing "further into the future," according to the document."The vast majority of participants judged that upside risks to inflation and downside risks to employment were elevated, and the majority of participants noted that these risks had increased with developments in the Middle East," the minutes showed.On Tuesday, the US and Iran agreed to a two-week ceasefire. The war, which began at the end of February, spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz, driving up energy prices.West Texas Intermediate crude oil sank nearly 15% to $96.34 a barrel intraday, while Brent futures tumbled 12% to $96.55. Despite the declines, oil prices remained well above pre-war levels."Our baseline view is that as the (energy price) shock gradually fades, so too will inflation pressures," TD Economics Senior Economist Andrew Hencic said in a note Wednesday. "This may open the door for the Fed to normalize rates in the latter half of the year."Most policymakers were concerned that a prolonged war could soften labor market conditions, possibly warranting additional policy easing, the meeting minutes showed Wednesday.Earlier this month, official data showed that the economy added more jobs than expected in March, while the unemployment rate edged down to 4.3% from 4.4% sequentially."Many participants pointed to the risk of inflation remaining elevated for longer than expected amid a persistent increase in oil prices, which could call for rate increases to help bring inflation down to the committee's 2% objective and keep longer-term inflation expectations firmly anchored," according to the latest meeting minutes. "Participants anticipated that, under appropriate monetary policy, inflation would gradually move down toward the committee's 2% objective after the effect of increased tariffs and higher oil prices had faded."Markets widely expect the FOMC to keep interest rates unchanged later this month, according to the CME FedWatch tool.

Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 3.3% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 3.5%.The Philadelphia Oil Service Sector Index was up 0.6%, and the Dow Jones US Utilities Index rose 0.9%.Front-month West Texas Intermediate crude oil tumbled nearly 15% to $96.34 a barrel, and the global benchmark Brent crude contract slumped 11.6% to $96.55 a barrel. Henry Hub natural gas futures fell 4.9% to $2.73 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by 1.3 million barrels in the week ended April 3 following an increase of 5.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks increased by 3.1 million barrels after a 5.5-million-barrel gain in the previous week, a larger increase than the 500,000-barrel gain expected in a survey compiled by Bloomberg.In corporate news, Talos Energy (TALO) shares fell 7.5% after Roth Capital Partners downgraded the company's stock to neutral from buy and adjusted the price target to $16 from $13.Exxon Mobil (XOM) expects its global oil-equivalent output to take a hit in Q1 on production disruptions caused by the Middle East conflict. Exxon shares fell 5%.Shell (SHEL) shares declined 2.2% after the company said it expects Q1 upstream production of 1.76 million to 1.86 million barrels of oil equivalent per day, compared with 1.89 million in Q4.EON Resources (EONR) said Wednesday it fully hedged 75% of its net production through 2027 to capitalize on oil prices exceeding $110 per barrel due to the Iran war. EON Resources shares dropped 5.8%.

$EONR$SHEL$TALO$XOM
Sectors

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks rose late Wednesday afternoon, with the NYSE Financial Index rising 2.8% and the State Street Financial Select Sector SPDR ETF (XLF) adding 2.4%.The Philadelphia Housing Index gained 4.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.7%.Bitcoin (BTC-USD) was up 3.5% at $71,297, and the yield for 10-year US Treasuries fell 5.2 basis points to 4.29%.In economic news, Federal Open Market Committee participants emphasized the need to remain "nimble" in responding to incoming data, with views still mixed on the future policy path, minutes of the March 17-18 FOMC meeting released Wednesday showed.Mortgage applications in the US fell last week amid elevated rates and continued macro uncertainty, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume, declined 0.8% for the week through Friday on a seasonally adjusted basis. Without adjustments, the index decreased 1% week over week.In corporate news, LPL Financial (LPLA) shares popped 4.5% after UBS upgraded the stock to buy from neutral while lowering its price target to $380 from $406.BlackRock's (BLK) Global Infrastructure Partners and KKR (KKR) are among the potential bidders for a controlling stake in Associated British Ports valued at about 10 billion British pounds ($13.47 billion), Bloomberg reported. BlackRock shares climbed 5.1%, and KKR added 3.4%.Apollo Global Management-managed (APO) funds, Brookfield Asset Management (BAM), Sumitomo, and SMBC Aviation Capital said Wednesday they completed the acquisition of Air Lease for about $7.4 billion, or $28.2 billion inclusive of debt obligations, and renamed the company Sumisho Air Lease. Apollo shares rose 0.9%, and Brookfield added 2.8%.

$APO$BAM$BLK$KKR$LPLA
Insider Trading

Credo Technology Group Holding Insider Sold Shares Worth $2,837,844, According to a Recent SEC Filing

Chi Fung Cheng, Director, Chief Technology Officer, on April 06, 2026, sold 27,500 shares in Credo Technology Group Holding (CRDO) for $2,837,844. Following the Form 4 filing with the SEC, Cheng has control over a total of 6,271,156 ordinary shares of the company, with 108,786 shares held directly and 6,162,370 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1807794/000162828026024230/xslF345X05/wk-form4_1775677455.xmlPrice: $110.20, Change: $+3.41, Percent Change: +3.19%

$CRDO
Sectors

Sector Update: Tech Stocks Climb Late Afternoon

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 5.2%.The Philadelphia Semiconductor index gained 6%.In corporate news, Firefly Aerospace (FLY) and Nvidia (NVDA) said Wednesday they collaborated to enable rapid on-orbit data analysis for a lunar imaging service using a specialized computing module. Nvidia shares rose 2.1%, and Firefly added 6.6%.Meta Platforms (META) shares jumped 6.4% after it launched Muse Spark, a new multimodal reasoning model and the first in its Muse family, as the company steps up efforts to build what it calls "personal superintelligence."Micron Technology (MU) and Sandisk (SNDK) shares gained after fellow memory chipmaker Samsung Electronics projected increased Q1 sales and profits. Micron shares rose 7.3%, and Sandisk climbed about 9%.Elon Musk on Tuesday amended his lawsuit against Microsoft-backed (MSFT) OpenAI to request that any damages awarded be directed to the organization's charitable arm rather than to himself, as the high-profile case heads toward trial later this month in Oakland, California, The Wall Street Journal reported. Musk is seeking more than $150 billion in damages from OpenAI and its partner Microsoft, alleging the company departed from its original nonprofit mission and misled him as an early donor while shifting toward a for-profit structure. Microsoft shares were fractionally lower.

$FLY$META$MSFT$MU$NVDA$SNDK
Sectors

Sector Update: Health Care Stocks Advance Late Afternoon

Health care stocks rose late Wednesday afternoon, with the NYSE Health Care Index adding 1.6% and the State Street Health Care Select Sector SPDR ETF (XLV) up 1.8%.The iShares Biotechnology ETF (IBB) climbed 1.6%.In corporate news, Novavax (NVAX) shares rose 4.8% after it said Tuesday in a regulatory filing that shareholder Shah Capital plans to vote against the re-election of board nominees and the company's executive compensation package at its upcoming annual meeting.AbbVie (ABBV) said Wednesday it has filed a lawsuit seeking to narrow and clarify the definition of an eligible patient under the federal 340B drug discount program. Its shares rose 2.5%.Bausch + Lomb (BLCO) shares gained 3.1% after it said Wednesday the US Food and Drug Administration cleared its dual-port vitrectomy cutter and a fluidics software update for its vision enhancement system, used for retinal surgery.GSK (GSK) shares gained 2.7% after it said China's National Medical Products Administration approved its biologic medication Exdensur as a supplemental therapy for adults suffering from chronic rhinosinusitis with nasal polyps.

$ABBV$BLCO$GSK$NVAX
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 2.6%.In corporate news, CarMax's (KMX) fiscal Q4 results are likely to come in better than expected amid improved industry trends, RBC Capital Markets said in a note sent to clients Wednesday. CarMax shares rose 3.2%.Airline and cruise operator stocks advanced following the overnight US-Iran ceasefire deal that boosted investor confidence and lowered geopolitical risk. Carnival (CCL) shares soared 10%, and United Airlines (UAL) surged 8.3%.Delta Air Lines (DAL) shares jumped 4.5%. The company on Wednesday reported better-than-expected Q1 results amid robust corporate and leisure demand, although it flagged a fuel expense increase of more than $2 billion in the current three-month period due to the Middle East war.Levi Strauss (LEVI) shares climbed 10% after the denim maker lifted its full-year outlook and reported an unexpected year-over-year increase in fiscal Q1 earnings.

$CCL$DAL$KMX$LEVI$UAL
Sectors

Sector Update: Energy

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 3.7% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 3.4%.The Philadelphia Oil Service Sector Index was up 0.5%, and the Dow Jones US Utilities Index rose 0.9%.Front-month West Texas Intermediate crude oil tumbled nearly 15% to $96.11 a barrel, and the global benchmark Brent crude contract slumped past 11% to $96.53 a barrel. Henry Hub natural gas futures fell 4.7% to $2.73 per 1 million BTU.In corporate news, Talos Energy (TALO) shares fell 7.6% after Roth Capital Partners downgraded the company's stock to neutral from buy and adjusted the price target to $16 from $13.

$TALO