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CUI Global CEO ups position by over 12% +1
17:01 20-Aug-19
Add another 10K shares for the CFO today at 75 cents each. That's over a quarter of the days volume and 14% increase in his stake.
Another piece of news that moved VUZI shares a bit, but doesn't really matter is another follow-on order for Vuzix. The hundred M-series units are to be used for remote medical consultations and upgrades to the newer models are expected.
CenturyLink is improving its small business offerings more meaningfully, but it didn't help shares today. The impending dividend announcement might, though.
Finally, the Vodafone Idea partnership
with Lionsgate to provide Starz content (which I see as every bit
as good as HBO's) in India does have some significance. I'll be
keenly interested in the next report and dividend in November,
which should also put us clear of Europe's continuing
mess.
CUI Global's CEO has increased his position almost 12.5% by purchasing 15K shares on the open market on Friday at an average price of $0.736. Hopefully, this signals impending progress with the Nikola transaction. However, his ownership is still trivial at just over half a percent of the company. Proof of that and hard progress with the existing businesses is all that's really going to matter. Unfortunately, there's little clarity on Italy yet, Brexit still looks like a binary proposition with potentially dire consequences for everyone but BGC, and I remain reluctant to take many chances on the American oil business.