Unusual Options Activity: Altice USA (ATUS)
Telecom provider Altice USA (ATUS) is down 70 percent over the past year, amid a substantial drop in the company’s earnings. One trader sees a rebound in the second half of the year. That’s based on the January 2024 $3 calls. With 210 days until expiration, 10,061 contracts traded compared to a prior open interest of 176, for a 57-fold rise in volume on the trade. The buyer of the calls paid $0.38 to make the bullish bet. Altice shares recently traded ...
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Keep Investing with the Strategy that Moves Stock Prices Higher
There are many ways for a company to deliver value to shareholders. Once a company reaches a certain size, growth becomes more difficult without coming up with new and potentially expensive initiatives. That’s why many large companies start paying a dividend. Companies have another trick up their sleeve too. That trick is the share buyback program. As long as a company isn’t using debt to retire shares, it can have a great long-term impact on prices. Payment processing company PayPal Holdings (PYPL) ...
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Insider Activity Report: Avista Corp (AVA)
Scott Kinney, a vice president at Avista Corp (AVA), recently bought 1,250 shares. The buy increased his holdings by 21 percent, and came to a total cost just under $50,400. This marks the first insider buy since September 2021, when a director made a small purchase of shares. Otherwise, company insiders have generally been sellers of shares on a steady basis over the past two years. Overall, insiders own 0.8 percent of the regulated utility company. Shares have gained just 2 percent ...
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Unusual Options Activity: Marathon Digital Holdings (MARA)
Cryptocurrency miner Marathon Digital Holdings (MARA) has performed well in the past year, with a 38 percent move higher. One trader sees a continued move higher in the coming months. That’s based on the December $12 calls. With 175 days until expiration, 7,471 contracts traded compared to a prior open interest of 138, for a 54-fold rise in volume on the trade. The buyer of the calls paid $4.00 to make the bullish bet. Shares recently traded for $11.75, making this an ...
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Look for Pullback Plays in AI Stocks
It’s likely that the AI trend has staying power. But many AI stocks have gone nearly vertical in recent weeks. That suggests the space is ripe for a pullback that could bring down valuations quickly, and set up a further run later in the year. Such a move already occurred after a short rally in AI stocks to start the year. Now, investors have more companies working on AI initiatives to invest in, which creates a better watch list of opportunities. One ...
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Insider Activity Report: NextEra Energy (NEE)
John Ketchum, President and CEO at NextEra Energy (NEE), recently bought 13,600 shares. The buy increased his stake by 8 percent, and came to a total cost just over $1 million. This marks the first insider activity since March, when a company director bought 10,000 shares, paying about $700,000 to do so. And another major holder bought 13,200 shares in February, for a total cost just over $995,500. There has been one small insider sale in recent months. Overall, insiders own ...
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Unusual Options Activity: EQT Corporation (EQT)
Oil and gas exploration and development firm EQT Corporation (EQT) is up about 5 percent over the past year, underperforming the overall market. One trader sees shares trending down going into the fall. That’s based on the September $37 puts. With 86 days until expiration, 7,007 contracts traded compared to a prior open interest of 122, for a 57-fold rise in volume on the trade. The buyer of the puts paid $1.89 to make the bearish bet. Shares recently went for about ...
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Buy When the Bad News Piles In
Sometimes, it seems like a company can do no wrong. That’s when it’s a dangerous time to invest. That’s because good news pushes prices higher. But once buyers are exhausted, even more good news is unlikely to move prices higher. The reverse also holds true. When a company has had a series of poor earnings reports or other bad news, one more event likely won’t move things too much lower. Entertainment giant The Walt Disney Company (DIS) has been hit with a ...
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