Insider Trading Report: Dakota Gold Corp (DC)
Robert Quartermain, a director and major holder at Dakota Gold Corp (DC), recently picked up 10,000 shares. The buy increased his stake by 0.14 percent, and came to a total purchase price of just under $50,000. The buy comes just a few days after the company President and CEO picked up 12,500 shares, at a price of just under $59,000. That constitutes the only two insider transactions since the company went public just a few weeks ago. Overall, company insiders own ...
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Unusual Options Activity: AT&T (T)
Shares of telecom company AT&T (T) dropped recently as the company completed a spinoff of its media properties. However, shares have been trending higher since. One trader sees a further move higher over the summer. That’s based on the September $22 calls. With 151 days until expiration, 3,603 contracts traded, a 24-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $0.35 to make the trade. With shares last going for about $19.50, the stock ...
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For the Best Profits, Follow Consolidating Industries
When an industry is new, many companies will flourish. Over time, the market will determine the best winners in the space. It could come from a better product, a better brand, a better business model, or simply lower costs. Over time, that leads to consolidation as weaker players go out of business and smaller players are bought out. Investors who buy ahead of an offer can make money on the company being acquired. But owning the industry leader over time can ...
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Insider Trading Report: Darden Restaurants (DRI)
Juliana Chugg, a director at Darden Restaurants (DRI), recently added 1,925 shares. The buy represents an initial stake at the company for the director, and came to a total cost of just over $248,000. This represents the first insider buy at the company since a cluster of 12 buys back in April 2020. Over the past two years, company insiders, including both executives and directors, have been consistent sellers of shares instead. Overall, company insiders own just 0.4 percent of shares. Shares ...
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Unusual Options Activity: Bank of America (BAC)
Shares of megabank Bank of America (BAC) have been trending down in recent months, and shares just went negative over the past year. One trader sees the possibility for a rebound in the next few weeks. That’s based on the May 27 $50 calls. With 42 days until expiration, 10,023 contracts traded compared to a prior open interest of 278, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.34 to get into the trade. Shares ...
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Strong Earnings Will Continue to Beat a Weak Economy
Investors remain concerned as inflation is running at its hottest since 1981, and as commodity prices have spiked higher, weighing on the overall economy. But no matter how good or bad the economy has been, individual companies that have been able to grow their earnings can thrive in any market. That’s especially true when a company is in a space where poor performance in a weak economy is expected. One such example is American Airlines (AAL). The company reported that its Read More About This
Insider Trading Report: Invesco (IVZ)
Trian Fund Management, a major holder at Invesco (IVZ), recently picked up 3,724,600 shares. The buy increased the fund’s stake by just over 7 percent, and came to a total price of just over $86 million. The buy comes as the fund bought nearly 10 million shares back in March, paying more than $210 million for that stake in total. Going further back, company insiders have been regular sellers of shares. Overall, company insiders at the asset management firm own a ...
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Unusual Options Activity: PulteGroup (PHM)
Shares of homebuilder PulteGroup (PHM) have been sliding in recent months. But one investor sees the possibility for a rally in the coming months. That’s based on the July $45 calls. With 92 days until expiration, 27,149 contracts traded compared to a prior open interest of 119, for a 228-fold rise in volume on the trade. The buyer of the calls paid $2.18 to get into the trade. Shares recently traded for just under $42, so shares would need to rally ...
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