Insider Trading Report: Energy Transfer (ET)
Kelcy Warren, Chairman of the Board at Energy Transfer (ET) has bought 1,500,000 shares in 3 separate transactions over the past week. In total, those buys have added up to over $19 million. And that doesn’t include a series of buys earlier in May, or even back in February. Warren has been the sole active insider this year with massive buys, but other company executives were buyers last year at similar prices to where shares trade today. Even with the massive pace ...
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Unusual Options Activity: Taiwan Semiconductor Manufacturing (TSM)
Chipmaker Taiwan Semiconductor Manufacturing (TSM) recently jumped 12 percent and is back near its 52-week high. One trader sees a further rally ahead. That’s based on the August $105 calls. With 81 days until expiration, 8,187 contracts traded compared to a prior open interest of 155, for a 53-fold rise in volume on the trade. The buyer of the calls paid $5.45 to make the bullish bet. TSM shares recently closed near $101, so shares only need to rise another $3 for ...
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Invest With Leaders That Have Pricing Power
One of the most valuable things a company can do is become a key provider of products or services to the point where they can raise prices without losing much, if any, market share. This pricing power can be crucial for beating inflation. And it can also mean a good investment for shareholders, as being able to raise prices ensures that profit margins stay high. One industry leader with pricing power is Corning (GLW). The specialty glassmaker just raised prices by ...
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Insider Trading Report: Kronos Worldwide (KRO)
Andrew Nace, an executive vice president at Kronos Worldwide (KRO), recently picked up 4,000 shares. The buy increased his stake by 46 percent, and came to a total cost just over $33,200. This marks the first insider buy of the year. Two company executives were buyers of shares last year, but the largest buy then was for a 2,000 share stake valued at just over $16,000. Overall, insiders haven’t been too active in buying or selling their shares. Overall, company insiders ...
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Unusual Options Activity: General Motors (GM)
Automaker General Motors (GM) is down about 7 percent over the past year, and shares appear to be at the low end of a trading range before the stock pops higher. One trader is betting on such a rally in the coming months. That’s based on the August $42 calls. With 84 days until expiration, 9,011 contracts traded compared to a prior open interest of 150, for a 60-fold rise in volume. The buyer paid $0.15 to make the trade. Shares recently ...
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Play the Renewed ‘Made in America’ Trend
Many companies were caught during the pandemic as borders shut down. Without reliable just-in-time delivery systems operating, they’ve been working to diversify their manufacturing operations. For higher-level goods such as semiconductors, this means reversing a multi-decade trend to once again make goods in America. Signs of this trend have just started to pop up, and they’ll likely increase in the years ahead. While there may be higher labor costs to manufacture stateside, most businesses see the development as a positive one. For ...
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Insider Trading Report: H&R Block (HRB)
Richard Johnson, a director at H&R Block (HRB), recently picked up 10,000 shares. The buy increased his stake by 17 percent, and came to a total cost just over $395,000. The buy came about a week after a different director picked up 500 shares, paying just over $16,000. Company insiders were largely sellers of shares in 2022, when the share price was closer to the $50 range rather than the $30 range today. Overall, company insiders own about 0.9 percent of ...
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Unusual Options Activity: Palantir Technologies (PLTR)
Shares of big data analysis company Palantir Technologies (PLTR) have soared over 50 percent in the past month. One trader is betting that shares will give up some of that gain in the coming weeks. That’s based on the June 16th $12.50 puts. With 21 days until expiration, 3,924 contracts traded compared to a prior open interest of 122, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.77 to make the bearish bet. Palantir last ...
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