14810

Insider Activity Report: Lennar (LEN)

Amy Banse, a director at Lennar (LEN), recently bought 820 shares. The buy increased her stake by 11 percent, and came to a total cost of $100,909. The director was the last insider buyer, with a 790 share pickup in July and a 165 share buy in June. Overall, that adds another $110,000 in purchases to the recent buy. Insiders have otherwise been slight sellers of shares over the past two years. Overall, insiders own about 2.4 percent of the homebuilder’s ...
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14812

Unusual Options Activity: American Airlines (AAL)

American Airlines (AAL) is up 6 percent over the past year, about double the return of the S&P 500. One trader sees shares declining in the months ahead. That’s based on the February 2024 $11 puts. With 178 days until expiration, 7,010 contracts traded compared to a prior open interest of 167, for a 42-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. American Airlines shares recently went for about $15, ...
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14802

Interest Rate Fears Make this Opportunity Attractive

The latest Fed meeting minutes suggest the central bank may continue to raise interest rates. However, the steady increases of the past year are over. With interest rates likely near, if not at, their cycle peak, some investments look better than others. Fixed income could perform well here, as prices on assets like bonds will rise as interest rates move lower. But it’s also likely that we’ve seen the worst of the selloff in defensive parts of the market, such as ...
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14804

Insider Activity Report: Lyft (LYFT)

John Risher, CEO at Lyft (LYFT), recently bought 100,000 shares. The buy increased his stake by 1 percent, and came to a total cost of $1.15 million. He was joined by a company director who bought 8,826 shares, increasing his stake by  28 percent, and paying just under $100,000. These are the only insider buys at Lyft over the past two years. There have been nearly two dozen sales from directors and executives over the past two years. Overall, insiders own ...
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14806

Unusual Options Activity: Suncor Energy (SU)

Oil and gas exploration and production company Suncor Energy (SU) is slightly down over the past year as energy prices have moderated. One trader sees shares trending higher into the end of the year. That’s based on the December $34 calls. With 119 days until expiration, 45,164 contracts traded compared to a prior open interest of 317, for a 142-fold rise in volume on the trade. The buyer of the calls paid $1.27 to make the bullish bet. Shares last traded just ...
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14796

Retail Sector Fears Have Been Overblown, For Now

The past few months have seen retail stocks underperform on concern that consumers have been slowing their spending. The latest retail sales data indicates that consumers are fine overall. If anything, they’re just cutting back on spending unless they can get a big bargain. Investors looking at the retail space should focus either on companies that can offer big, regular sales, or on big box stores that cater to consistent demand. Home improvement chain Home Depot (HD) is in the latter category. Consumers ...
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14798

Insider Activity Report: Keycorp (KEY)

Devina Rankin, a director at Keycorp (KEY), recently bought 10,000 shares. The buy is an initial stake for the director. The total cost for the stake came to $114,900. This marks the first insider buy since the company’s institutional bank head bought 75,000 shares in May. He paid $733,500 to do so. Company insiders have mostly been buyers since March, following the drop in bank stocks. And they were largely sellers last year at higher prices. Overall, insiders at the bank Read More About This
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14800

Unusual Options Activity: Sea Limited (SE)

Singapore-based e-commerce and digital finance platform Sea Limited (SE) dropped nearly 30 percent on Tuesday. One trader expects shares to decline further in the next month. That’s based on the September $35 puts. With 28 days until expiration, 15,097 contracts traded compared to a prior open interest of 376, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Sea Limited recently traded near $40, so shares would need to ...
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