Lyle Cunningham, Chief Banking Officer, on May 29, 2026, sold 47,914 shares in Customers Bancorp (CUBI) for $3,594,901. Following the Form 4 filing with the SEC, Cunningham has control over a total of 19,854 common shares of the company, with 19,854 shares held directly.
SEC Filing:
https://www.sec.gov/Archives/edgar/data/1488813/000192189026000006/xslF345X05/primarydocument.xml
Price: $73.18, Change: $-1.96, Percent Change: -2.61%
IAC's (IAC) proposal to acquire the remaining shares of MGM Resorts International (MGM) could create potential value upside if completed, though the bid may also reflect a broader valuation disconnect in MGM shares and raise questions around strategic intent, Truist Securities said Monday.The brokerage said it views the announcement with "cautious optimism" for IAC, noting that bringing MGM fully under its ownership and control could improve operations and reduce investor scrutiny, while also addressing a common investor concern around indirect exposure to MGM through IAC.At the same time, Truist questioned whether the proposal represents a shift in strategy or simply takes advantage of valuation dislocation, given IAC's long-standing ownership stake and board involvement in MGM."IAC has been an active shareholder and board member for many years now, which makes us wonder whether this bid has to do with changing anything fundamental or just taking advantage of valuation dislocation," the brokerage said.Truist maintained its buy rating and $55 price target on MGM.Shares of MGM were up more than 17% in Monday afternoon trading.Price: $51.29, Change: $+7.62, Percent Change: +17.45%
AST SpaceMobile (ASTS) shares fell 7% on Monday after Deutsche Bank downgraded the stock to hold from buy and cut its price target to $106 from $117.Trading volume stood at around 23.3 million shares compared with a daily average of 18.6 million.Price: $106.20, Change: $-7.22, Percent Change: -6.36%
Cardiff Oncology (CRDF) shares fell 23% in Monday trading after HC Wainwright downgraded the stock to neutral from buy.TD Cowen downgraded the stock to hold from buy.Intraday volume topped 5.21 million shares, compared with the daily average of 781,884.Price: $1.46, Change: $-0.44, Percent Change: -23.16%