Insider Activity Report: Emerson Electric (EMR)
James McKelvey, a director at Emerson Electric (EMR), recently bought 8,000 shares. The buy increased his stake by 234 percent, and came to a total price of $684,000. He was joined by another director, who bought 500 shares, paying $42,766. And both buys came a day after a third director picked up 3,000 shares, for just under $257,000. This marks the only insider buys over the past two years. Insiders were otherwise small sellers going back to early 2022. Overall, Emerson ...
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Unusual Options Activity: PayPal Holdings (PYPL)
Digital payment processor PayPal Holdings (PYPL) is up over 10 percent from its 52-week low just a few weeks ago. One trader sees further upside ahead before the end of the year. That’s based on the December 29 $60 calls. With 42 days until expiration, 9,803 contracts traded compared to a prior open interest of 241, for a 41-fold rise in volume on the trade. The buyer of the calls paid $1.80 to make the bullish bet. PayPal shares recently traded for ...
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This Trend Is Alive and Well, So Buy the Stocks Profiting From It
Markets often start to create narratives about different sectors. That can lead to some sectors flying high on hope, while others start to trade out of favor. This year has seen semiconductor stocks rally thanks to the rollout of new AI technologies. Other sectors have fared differently. Interest-rate sensitive stocks like utilities and telecoms have taken a hit. Media stocks have been out of favor. And so have many retailers, as consumers have focused more on experiences than buying goods. However, that ...
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Insider Activity Report: Air Products & Chemicals (APD)
Seifi Ghasemi, President and CEO of Air Products & Chemicals (APD), recently bought 11,000 shares. The buy increased the CEO’s stake by 2 percent, and came to a total cost of $2.9 million. The buy came a few days after a 10,000 share buy from the CEO, costing just over $2.5 million. Otherwise, there have been no other insider transactions this year. The company’s general counsel made two sales in 2022 and 2021. Overall, APD insiders own 0.4 percent of ...
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Unusual Options Activity: Cameco (CCJ)
Uranium producer Cameo (CCJ) has been a strong performer this year, with shares up over 75 percent. One trader sees further upside in the coming weeks. That’s based on the December 29 $50 calls. With 43 days until expiration, 31,631 contracts traded compared to a prior open interest of 130, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Shares recently traded for about $44, so they would need to ...
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Invest With Companies Looking at the Very Long Term
Wall Street is dominated with short-term thinking. Daily market moves and quarterly earnings reports can cause companies to make all sorts of moves that help the share price in the short-term, but not the long-run. That’s why investors should focus on companies that can deliver great returns over the long-term. That avoids much short-term uncertainty that tends to dominate markets. And it’s why long-term investors should be willing to pay up for a stake in industry leaders. One industry leader is ExxonMobil ...
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Insider Activity Report: Wells Fargo (WFC)
Richard Davis, a director at Wells Fargo (WFC), recently bought 3,500 shares. The buy increased his holdings by 470 percent, and came to a total cost of $144,270. This is the first insider buy since July 2022, when the company’s general council bought 97 shares for about $4,200. One other director made a small buy around the same time, also for less than 100 shares. A company vice president was a seller in February, otherwise, insiders have been fairly inactive. Overall, Wells ...
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Unusual Options Activity: C3.ai (AI)
Artificial Intelligence developer C3.ai (AI) has had a strong year, with shares up over 90 percent. One trader sees the potential for a pullback in the coming weeks. That’s based on the December 1 $22 puts. With 16 days until expiration, 3,521 contracts traded compared to a prior open interest of 101, for a 35-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $27.50, so shares would ...
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