The world’s largest hedge fund, Bridgewater Associates, was founded by Ray Dalio in 1985. Dalio sits as the co-chief investment officer managing roughly $150 billion in assets under management.
The State of Michigan Retirement System has hiked its stake in Tesla Inc. (NASDAQ: TSLA), Amazon.com Inc. (NASDAQ: AMZN) and Verizon Communications Inc. (NYSE:
ARK Investment Management bought over 10,000 shares in cryptocurrency exchange platform Coinbase Global Inc. (NASDAQ: COIN) at a valuation of over $2.2 million, based on Monday’s closing price.
The iShares MSCI Global Select Metals & Mining Producers ETF (BATS: PICK) is down roughly 16.53% year-to-date. Despite being down, it was considerably better than the S&P 500 down nearly 21% year-to-date.
The Dow Jones traded higher by over 400 points on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.