Insider Activity Report: Broadcom (AVGO)
Harry You, a director at Broadcom (AVGO), recently added 1,000 shares. The buy increased his stake by 40 percent, and came to a total cost just under $859,000. The buy comes a week after another director, Check Low, bought 11,000 shares, increasing his stake by 22 percent, and paying just under $9.6 million. These mark the first two insider buys since March 2022, otherwise, company insiders, mostly directors, have been sellers of shares. Overall, Broadcom insiders own 2.3 percent of shares. The ...
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Unusual Options Activity: Edwards Lifesciences (EW)
Medical device manufacturer Edwards Lifesciences (EW) is down 14 percent over the past year, with shares taking a beating in recent sessions. One trader sees a potential rebound ahead in the coming weeks. That’s based on the October $82.50 calls. With 28 days until expiration, 5,738 contracts traded compared to a prior open interest of 209, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Edwards shares recently traded ...
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Bad News Can Prove Good News for Patient Investors
Markets tend to react quickly to news. However, markets don’t just react. They tend to overreact. When there’s good news, the price of a company can get pushed far higher than it should. And when bad news hits, shares tend to sell off more than they should. Patient investors can use this to their advantage. They can buy when there’s bad news surrounding a company. And then take some profits when good news sends shares higher than they would otherwise go. Right ...
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Insider Activity Report: Digital Turbine (APPS)
Robert Deutschman, a director at Digital Turbine (APPS), recently bought 20,000 shares. The buy increased his holdings by 3 percent, and came to a total cost of $136,800. He was joined by another director who bought 5,000 shares, paying $34,250 to do so. Over the past two years, company directors have made over a dozen buys. The company’s CEO has been a slight seller of shares, with some of those sales coming from the exercise of stock options. Overall, company insiders ...
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Unusual Options Activity: Axos Financial (AX)
Regional bank Axos Financial (AX) is flat over the past year, missing out on the market rally. One trader sees downside ahead for shares in the coming weeks. That’s based on the October $37.50 puts. With 28 days until expiration, 13,262 contracts traded compared to a prior open interest of 105, for a staggering 126-fold rise in volume on the trade. The buyer of the puts paid $1.75 to make the bearish bet. Shares recently traded for about $39.50, so the stock ...
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For Big Returns, Look for Smaller Players Profiting from an Industry Boom
When an industry is growing, investors may tend to go for the company that can boast the largest growth, or is simply the biggest player. That provides the perceived safety of a well-known name that other investors know about, as well as the best liquidity for getting out of a trade. However, that leaves investors with opportunities to profit from companies that may not be as large or well known, but can still post a massive profit. In the defense industry, the ...
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Insider Activity Report: Cincinnati Financial (CINF)
Nancy Benacci, a director at Cincinnati Financial (CINF), recently added 1,000 shares. The buy increased her stake by 28 percent, and came to a total cost of $106,570. That marks the first insider activity since June, when another director bought 500 shares at a cost just over $48,500. Over the past two years, company directors have been the only active insiders, with two sales and 12 buys. Overall, company insiders own 1.6 percent of shares. The property and casualty insurance company is ...
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Unusual Options Activity: Newell Brands (NWL)
Household product manufacturer Newell Brands (NWL) has been a poor performer this year, with the stock losing over 42 percent of its value. One trader sees shares rebounding in the next six months. That’s based on the March 2024 $12 call options. With 177 days until expiration, 3,505 contracts traded compared to a prior open interest of 165, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.40 to make the bullish bet. Shares recently traded ...
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