Kazia Therapeutics stock rises on promising nuclear PD-L1 degrader data

Investing.com -- KGHM shares have declined more than 8 percent on Friday after the Polish copper and silver producer abruptly replaced its top leadership, a move Morgan Stanley called a “negative surprise” given the company’s recent operational progress.

CEO Andrzej Szydlo and Vice President Piotr Stryczek were removed. The company did not provide a reason for the dismissals.

Supervisory board member Remigiusz Paszkiewicz is stepping in as acting CEO. 

Morgan Stanley analyst Ioannis Masvoulas said in a note that Paszkiewicz is “essentially a newcomer to the company,” appointed to the supervisory board on Jan. 20, 2026. 

His previous roles include CEO of Grupa Przemysłowa Baltic, management board member of Slovenske Železnice’s freight division, and earlier leadership posts at Anwil, PKP Polskie Linie Kolejowe and other infrastructure-related firms.

“We would view the departure of Andrzej Szydlo as a negative surprise because we view him as instrumental in improving KGHM's operational performance and capital allocation as well as in securing the recent tax relief in Poland,” wrote Masvoulas.

“We note that KGHM was gearing up for a strategy update in the near term and we seek more clarity on the strategic direction and capital allocation priorities under potential new management,” he added.

Here’s a summary of the most significant insider buying and selling activities disclosed on Thursday, January 29, 2026.

Top Insider Buys

USA Rare Earth, Inc. saw significant insider buying activity with Director Michael Blitzer acquiring 100,000 shares of common stock valued at $2.14 million at a price of $21.44 per share. The trades were executed in a range from $21.32 to $21.49. Following this transaction, Blitzer directly owns 847,500 shares and indirectly controls 3,125,000 shares through Inflection Point Holdings II LLC, where he serves as sole Managing Member. The stock currently trades at $22.07, slightly above his purchase price, though down from its previous close of $25.18. The company has delivered impressive returns of 85.46% year-to-date.

USA Rare Earth, Inc. also had another director making purchases, as Carolyn Trabuco acquired 1,300 shares of common stock at a price of $22.60 per share, for a total transaction value of $29,379. The SEC filing indicates that following this transaction, Trabuco directly owns 1,300 shares of the company’s common stock. The purchase was executed across multiple trades at a weighted average price.

Under Armour, Inc. saw ten percent owners Fairfax Financial Holdings LTD/CAN and WATSA V PREM ET AL purchasing a combined total of $16.4 million worth of Class A and Class C Common Shares. The purchases were executed on January 27 and 28, 2026, at prices between $6.20 and $6.30. Specifically, they bought 842,481 Class C Common Shares at a weighted average price of $6.20, and 686,505 Class A Common Shares at a weighted average price of $6.30.

NBT Bancorp INC Director Timothy E. Delaney acquired 22,730 shares of common stock at a price of $42.97 on January 28, 2026, in a transaction totaling $976,708. Following the transaction, Delaney directly owns 74,615 shares and indirectly owns 8.987 shares as custodian for his spouse.

ASA Gold & Precious Metals Ltd saw ten percent owner Saba Capital Management, L.P. purchasing shares in two transactions valued at $4,578,517. On January 27, 2026, Saba Capital acquired 3,730 shares at $73.15 per share, and on January 28, they bought 57,165 shares at $75.32 each. Following these transactions, Saba Capital now owns 5,527,657 shares of the company.

Top Insider Sells

Microchip Technology CEO Steve Sanghi sold 98,814 shares of common stock on January 28, 2026, at a price of $80.55, for a total transaction value of approximately $7.9 million. Following the transaction, Sanghi indirectly holds 9,922,319 shares through The Sanghi Trust and The Sanghi Family Limited Partnership.

Micron Technology Inc SVP and Chief Legal Officer Ray Michael Charles sold 10,468 shares of common stock on January 27, 2026, in a series of transactions. The sales were executed at prices ranging from $401.16 to $415.65, resulting in a total transaction value of $5,025,987. Following these transactions, Charles directly owns 74,675 shares of the company.

Teledyne Technologies Director Michael T. Smith sold 4,000 shares of common stock on January 28 and 29, 2026, for $621 each, totaling $2.48 million. The sales were executed in two separate transactions: 1,531 shares on January 28 and 2,469 shares on January 29. Following these transactions, Smith directly holds 47,128 shares, including 468 Restricted Stock Units.

GOLDMAN SACHS GROUP INC Global Treasurer Halio Carey sold 2,836 shares of the company’s common stock on January 27, 2026. The shares were sold at prices ranging from $921.25 to $932.81, for a total transaction value of $2,638,716. Following the transactions, Carey directly owns 2,017 shares of Goldman Sachs.

Wrap Technologies, INC. ten percent owner Elwood G. Norris sold 471,520 shares of common stock between June 13, 2025, and November 28, 2025, amounting to $2,046,282, with prices ranging from $1.50 to $2.91 per share. The largest sale occurred on October 24, 2025, with 75,001 shares sold.

Why Monitor Insider Activity

Tracking insider buying and selling can provide valuable insights for investors. When company executives, directors, or major shareholders purchase or sell stock, it often signals their confidence in the company’s future prospects. Insider buying may suggest that those with intimate knowledge of the company believe the stock is undervalued, while significant selling could indicate concerns about future performance. However, insiders sell for many reasons unrelated to company outlook, including diversification, tax planning, or personal financial needs. Rather than making investment decisions based solely on insider activity, investors should consider this information as just one factor within a comprehensive analysis of a company’s fundamentals, industry trends, and broader market conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com - Unite Group plc (LON:UTG) stock rating was downgraded from Buy to Hold by Stifel on Thursday, with its price target slashed to 600p from 975p, citing concerns about student accommodation occupancy rates.

The downgrade follows Unite’s completion of the Empiric acquisition and revised occupancy assumptions for the 2026/27 academic year.

Stifel noted that sales rates for the upcoming academic year have been slower than in previous years, with guidance for Unite assets at 93%-96% occupancy and 2%-3% rental growth.

The research firm highlighted that the Purpose Built Student Accommodation (PBSA) sector has been negatively impacted by a decline in university applications from international students following visa rule changes, affordability challenges for domestic students, and early signs of a cultural shift toward students staying in family homes and attending local universities.

Unite’s share price has declined approximately 30% over the past year, while the EPRA UK Index rose 10% during the same period.

The company has reassessed its development ambitions, increased disposal targets to £350 million annually, and launched a £100 million share buyback program in response to the uncertain outlook.

Stifel analysts believe dividend growth will be limited over their forecast horizon, with their 600p target price assuming the shares trade at a 6.5% dividend yield, in line with other income-focused companies under their coverage.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com - Kepler Cheuvreux has downgraded Derwent London (LON:DLN) from Buy to Hold while maintaining its 2,050p price target, citing the stock’s 17% rally since September and uncertainty surrounding the company’s upcoming CEO transition.

The rating change follows Derwent London’s January 22 announcement that its CEO would retire, with the board beginning the process to select a successor.

Kepler’s analysis of past UK REIT CEO changes suggests shares typically underperform during transition periods, particularly when there is a longer gap before a replacement is named.

Kepler notes that while positive news flow on London office markets has increased recently, the firm still sees challenges for Derwent in replicating past successes. The current target price implies just 5% upside (10% including forecast dividend yield) from the current price of 1,946p.

The research firm is maintaining its forecasts for Derwent, projecting 1% underlying EPS growth in 2026 after a 7% decline in 2025, and 2.3% half-on-half NAV per share growth in the second half of 2025. Kepler’s target price is based 50% on NAV forecasts and 50% on DCF valuation.

Derwent London, the largest central London-focused REIT with a portfolio valued at approximately £5 billion, has seen its share price recover from lows of 1,608p to reach the current level, representing an 11.9% gain year-to-date.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.