13326

Insider Trading Report: PVH Corp (PVH)

Stefan Larsson, CEO at PVH Corp (PVH), recently bought 18,540 shares. The buy increased his holdings by nearly 16 percent and came to a total price of just over $1,000,000. He was joined by two other company executives, including the CFO, who each bought 1,857 shares for a total purchase price of $100,000. The three buys mark the first insider buys of the year, following one small sale from a VP earlier in the year. Over the past three years, insiders have ...
Read More About This
|
13327

Unusual Options Activity: Petroleo Brasileiro (PBR)

Shares of oil and gas giant Petroleo Brasileiro (PBR) are up 38 percent in the past year thanks to strong global energy prices. One trader sees a decline in the coming weeks. That’s based on the September 30 $12.50 puts. With 18 days until expiration, 29,427 contracts traded compared to a prior open interest of 199, for a staggering 148-fold rise in volume on the trade. The buyer of the puts paid $0.29. Shares recently traded just over $13.50, so they would ...
Read More About This
|
13320

Buy When a Stock Has a Cloudy Outlook, Sell When the Skies are Clear

This year has been challenging for investors. A slowing economy and high inflation are creating a poor outlook for markets. Yet buying during challenging moments can be a solid time to invest. That’s particularly true when investors sell as soon as skies are clear. Many companies are facing challenges right now. But companies with a long operating history of succeeding in different environments should get through today’s troubles with ease… although it may take some time. One company struggling now is Target ...
Read More About This
|
13321

Insider Trading Report: Marvell Technology (MRVL)

Michael Strachan, a director at Marvell Technology (MRVL), recently picked up 6,781 shares. The buy increased his stake by over 13 percent, and came to a total cost just over $314,000. This marks the first insider buy at the company since early 2021. Over the past three years, insider shave been regular and consistent sellers of shares, a normal trend for a big-cap tech company. Overall, company insiders own about 0.6 percent of shares. The semiconductor giant is down 25 percent in ...
Read More About This
|
13322

Unusual Options Activity: Altimmune (ALT)

Shares of biotechnology company Altimmune (ALT) are up 28 percent over the past year, but are also up nearly four-fold from their 52-week lows. One trader sees shares giving back some of their recent gains. That’s based on the October $13 put. With 42 days until expiration, 6,077 contracts traded compared to a prior open interest of 104, for a 58-fold surge in volume. The buyer of the puts paid $1.70 to get into the trade. The stock recently traded around ...
Read More About This
|
13316

As Recession Fears Grow, Look for Recession-Resistant Companies on Market Drops

Typically, it’s taken two quarters of negative GDP growth to officially mark a recession. By the time that’s announced, some short or shallow recessions are already over. We’ve seen two negative quarters so far this year, but many are looking to change the definition given the strong job market and other factors. As the definition of a recession seems to be changing, it might be a good idea to rethink the idea of a recession-resistant company. Those are typically firms that engage ...
Read More About This
|
13317

Insider Trading Report: Trustco Bank Corp (TRST)

Michael Ozimek, an executive vice president at Trustco Bank Corp (TRST), recently picked up 2,500 shares. The buy increased his stake by nearly 63 percent, and came to a total price of just over $82,000. The buy comes after a number of other company insiders have been buyers in recent months, including an 1,800-share pickup from the company’s Chairman and CEO back in July for nearly $60,000. Over the past three years, company insiders have been almost entirely buyers of shares. Overall, ...
Read More About This
|
13319

Unusual Options Activity: Texas Instruments (TXN)

Shares of semiconductor company Texas Instruments (TXN) are down about 14 percent in the past year, about in-line with the overall stock market. One trader sees a further decline in the weeks ahead. That’s based on the November $160 puts. With 71 days until expiration, 5,075 contracts traded compared to a prior open interest of 113, for a 45-fold surge in volume on the trade. The buyer of the puts paid $8.60 to get into the trade. Shares recently traded for about ...
Read More About This
|