One of the Top Rebound Plays for the Next Growth Stock Surge
The uncertainty in markets right now has hit growth stocks, particularly in the tech space, hard. Many names are down as much as 50 percent off their highs, and at the market low a few weeks back, that included nearly half the stocks in the Nasdaq. Markets are starting to come up, although they’re still willing to sell off on uncertainty. However, one top growth name has managed to navigate supply chain and other global issues to remain strong. That company is ...
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Insider Trading Report: Farmland Partners Inc (FPI)
Paul Pittman, CEO of Farmland Partners Inc (FPI), recently picked up 2,000 more shares. The buy increased his holdings by 0.1 percent, and came to a total purchase price of just under $27,000. This marks the first insider buy of the year. Pittman was an active buyer late last year with a number of transactions at a slightly lower price. The last insider sale at the company occurred in March of last year. Overall, insiders at the company own over 9.4 ...
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Unusual Options Activity: Knight-Swift Transportation Holdings (KNX)
Shares of trucking company Knight-Swift Transportation Holdings (KNX) have been in an uptrend for the past few months. One trader sees the rally losing steam in the coming weeks. That’s based on the May $45 puts. With 49 days until expiration, 7,549 contracts traded compared to a prior interest of 202, for a 37-fold rise in volume. The buyer of the puts paid $0.45 to make the trade. Shares of the trucking company are up 12 percent over the past year, just ...
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Continued Cloud Service Growth Plays Well to this Data Center Player
Companies continue to have growing data storage needs, and cloud services provide a great way to ensure data can be accessed securely while also from anywhere. A number of companies play to this trend, with everything from data centers themselves to companies that offer web hosting services. But the entire technology still remains locked in a world of physical hardware to make it all happen. That fact plays well to a number of hardware players. Memory chip company Micron (MU) has been ...
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Insider Trading Report: UMH Properties Inc (UMH)
Kenneth Quigley, a director at UMH Properties (UMH), recently picked up 1,000 shares. The buy increased his holdings by 7.8 percent, and came to a total purchase price of just under $24,000. This is the second buy from the director this month. Company insiders have been active as both buyers and sellers over the past three years, with a larger number of recent buys and sells alike. Overall, insiders at the company own just under 7 percent of shares. The owner and ...
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Unusual Options Activity: Fidelity National Information Services (FIS)
Shares of banking technology company Fidelity National Information Services (FIS) have been in a steady downtrend over the past year, shedding more than a third of their value. Shares have started to trend up in recent weeks, and now one trader sees further upside ahead. That’s based on the July $140 calls. With 106 days until expiration, 39,195 contracts traded against a prior open interest of 248, for a staggering 158-fold surge in volume. The buyer of the calls paid $0.43 ...
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This Logistics Play Remains Undervalued With Upside Ahead
One key theme of the past two years has been logistics, with an emphasis on supply chains. The world has gone from just-in-time inventory systems to creating a buffer to avoid having to contend with shutdowns stemming from any uncertainty. Companies in the shipping realm have largely benefitted, as the creation of inventories and stockpiling has led to an increased demand to ship goods for storage before use more locally. Adding to that is the overall improving economy, which is also ...
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Insider Trading Report: Sensient Technologies (SXT)
Winder Investment, a major holder at Sensient Technologies (SXT), recently added to their stake with a 18,827 share buy. The purchase increased the fund’s holdings by 0.2 percent, and came to a total price of just over $870,000. That’s on top of another 24 buys from company insiders over the past few years, including both C-suite executives and company directors. And in that same timeframe, company insiders haven’t sold any shares. Overall, insiders at the company own just under 1 percent ...
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