13541

Insider Trading Report: Barnes Group (B)

Richard Hipple, a director at Barnes Group (B), recently bought 1,200 shares. The buy increased his holdings by nearly 9 percent, and came to a total cost just under $43,000. That’s the first insider buy at the company in over two months. Another director has been buying this year, and some company insiders have been sellers. Over the past year, buys have exceeded sales. However, large insider sales in 2020 tip the scale over the past three years to sellers. Overall, company ...
Read More About This
|
13543

Unusual Options Activity: Devon Energy Corporation (DVN)

Shares of oil and gas exploration company Devon Energy Corporation (DVN) are up about 60 percent in the past year. One trader sees a further rally in shares in the coming weeks. That’s based on the November 25 $76 calls. With 18 days until expiration, 14,059 contracts traded compared to a prior open interest of 243, for a 45-fold rise in volume on the trade. The buyer of the calls paid $1.23 to make the bullish bet. Shares recently traded near $71, ...
Read More About This
|
13536

Follow the Fundamentals, Not the Estimates

Earnings season can be a tricky time. A company can report great earnings. But if they warn on guidance, shares may sell off big time. Or, if a company has poor earnings, shares may move higher as things weren’t as bad as the market expected. In today’s market, most news is likely to lead to a discount in shares, whether good or bad. But that may be creating a solid long-term setup for investors. One company looking interesting now is Paramount Global ...
Read More About This
|
13537

Insider Trading Report: Farmers National Bank (FMNB)

Anne Crawford, a director at Farmers National Bank (FMNB), recently picked up 1,500 shares. The buy increased her holdings by 1.7 percent, and came to a total cost of just under $21,000. This is the first insider buy since August. Company directors have been active buyers all year, mostly for trades in the $20-25,000 range. Company executives were also buyers earlier in the year. There have only been a handful of insider sales over the past three years. Overall, company insiders ...
Read More About This
|
13539

Unusual Options Activity: Advanced Micro Devices (AMD)

Shares of semiconductor company Advanced Micro Devices (AMD) have lost more than half their value in the past year. One trader sees a rebound in the months ahead. That’s based on the March 2023 $55 calls. With 133 days until expiration, 20,093 contracts traded compared to a prior open interest of 541, for a 37-fold rise in volume on the trade. The buyer of the calls paid $10.63 to make the trade. The stock last traded just over $68.50, meaning the options ...
Read More About This
|
13531

It’s a Value Buyer’s Market

Price and value aren’t the same thing. A low-priced stock could be wildly overvalued relative to the business’ prospects. And a high-priced stock could still be pennies on the dollar for a great company ahead of a growth kick. In today’s market, the fast drop in price, combined with fear and uncertainty, are creating a number of values for long term investors today… even in once high-flying sectors like tech. One such example is Qualcomm (QCOM). The wireless communications chip manufacturer dominates ...
Read More About This
|
13532

Insider Trading Report: Allegion PLC (ALLE)

John Stone, President and CEO at Allegion PLC (ALLE), recently picked up 12,500 shares. The buy increased his holdings by 24 percent, and came to a total cost just over $1.03 million. This marks the first insider buy at the company in over three years. Otherwise, company insiders, nearly all executives, have been sellers of shares over the past three years. That includes sales from the former company President and CEO. Overall, company executives own 0.5 percent of shares. Shares of the ...
Read More About This
|
13534

Unusual Options Activity: Meta Platforms (META)

Shares of social media company Meta Platforms (META) sank to a new 52-week low after earnings last week. One trader sees a further decline over the next year. That’s based on the January 2024 $25 put. With 442 days until expiration, 2,291 contracts traded compared to a prior open interest of 162, for a 14-fold rise in volume on the trade. The buyer of the puts paid $0.59 to make the trade. Shares recently traded just over $95, so the stock would ...
Read More About This
|