Insider Activity Report: Freightcar America (RAIL)
Jose De Nigris, a director at Freightcar America (RAIL), recently bought 4,000 shares. The buy increased his position by 6%, and came to a total cost of $40,741. The director last bought shares in May 2023, picking up 10,000 shares for $30,000. Around the same time, a major holder also bought 85,412 shares, and the company’s President and CEO bought 32,578 shares for just over $93,000. Two company directors sold small positions earlier this year. Overall, Freightcar American insiders own 27.1% ...
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Unusual Options Activity: NIO (NIO)
China-based EV manufacturer NIO (NIO) is down 25% over the past year, but shares have started to rally in recent weeks. One trader is betting that shares will continue to rally over the next month. That’s based on the November 1 $9 calls. With 30 days until expiration, 10,172 contracts traded compared to a prior open interest of 400, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.36 to make the bullish bet. NIO shares ...
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This Earnings Giant Is a Buy on Market Weakness
Over time, a company’s earnings can go a long way to determining the value of its share price. A company that can keep increasing earnings will likely see their share price trend higher. However, sometimes, the market will look at other factors besides earnings. One related issue is revenues, the raw cash that comes in the door before costs are factored in. A company with rising earnings but concerned over revenues may get punished by the markets, leading to a buying ...
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Insider Activity Report: CME Group (CME)
William Shepard, a director at CME Group (CME), recently bought 293 shares. The buy increased his stake by less than 1%, and came to a total cost of $63,945. Shepard was the last insider buyer with a 326 share pickup back in June, for the same cost. And again in March. One other director has been a buyer over the past two years, otherwise company insiders have been periodic sellers of shares. Overall, CME Group insiders own 0.4% of shares. The stock ...
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Unusual Options Activity: Peloton Interactive (PTON)
Exercise technology company Peloton Interactive (PTON) is down 2% over the past year, with shares coming off extreme lows from earlier in the year. One trader sees the stock surging higher into next spring. That’s based on the April $7 calls. With 197 days until expiration, 13,239 contracts traded compared to a prior open interest of 209, for a 63-fold rise in volume on the trade. The buyer of the calls paid $0.67 to make the bullish bet. Peloton shares recently traded ...
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This Company Looks Ready to Soar Higher
While the stock market remains near all-time highs, many individual stocks haven’t taken off for the ride. Some companies have simply been out of favor, or haven’t been able to grow quickly over the past few years, making for a poor investment. Other companies have had to deal with significant headwinds, whether from consumer tastes, regulatory costs, or other challenges. The airline industry is no stranger to any of those issues over the past few years. The industry has been looking to ...
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Insider Activity Report: Methode Electronics (MEI)
Mary Lindsey, a director at Methode Electronics (MEI), recently bought 8,800 shares. The buy increased her stake by 31%, and came to a total cost of $100,108. The buy came a week after another director bought 9,320 shares, also paying in the low $100,000 range, and after a $500,000 buy from the company CEO. These mark the only insider buys over the past two years, although there have been some slight sales by Methode insiders. Overall, Methode insiders own 5.7% of ...
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Unusual Options Activity: Cameco (CCJ)
Uranium producer Cameco (CCJ) is up 16% over the past year, and shares have started to rebound strongly after selling off over the summer. One trader sees further gains ahead. That’s based on the November 15 $60 calls. With 47 days until expiration, 8,083 contracts traded compared to a prior open interest of 137, for a 59-fold increase in volume on the trade. The buyer of the calls paid $0.52 to make the bullish bet. Cameco shares recently touched $48, so they ...
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