Insider Trading Report: GameStop Corp (GME)
Ryan Cohen, Chairman and major owner of video game platform GameStop (GME), recently bought 100,000 shares on the open market. The buy increased his holdings by 1.1 percent, and came to a total price of just over $10.175 million. This marks the first big buy at the company since Cohen’s last buy in December 2020. A number of company directors made some small sales back in January and June 2021, otherwise, company insiders have been buying and holding. Overall, insiders own ...
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Unusual Options Activity: Xerox Holdings Corporation (XRX)
Shares of information technology company Xerox Holdings Corporation (XRX) have been trending slightly down over the past year, with some periodic spikes higher in price. One trader is betting on a rally in shares in the next few months. That’s based on the May $23 calls. With 56 days until expiration, 4,800 contracts traded compared to a prior open interest of 105, for a 46-fold jump in volume. The buyer of the calls paid $0.22 to make the trade. Shares of the ...
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There’s Still Time to Pick Up Growing Big Tech Stocks at a Discount
The stock market has rebounded strongly in the past few days. While fears of inflation and other issues may cause a few more drops in the weeks and months ahead, many tech names have fared worse than the overall market. Investors waiting for an entry point are looking at a decent one for many tech stocks, particularly big-name companies that can likely continue growing strongly no matter what happens with the economy. One example is Adobe (ADBE). The company just beat on ...
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Insider Trading Report: Old Republic International (ORI)
Barbara Adachi, a director at Old Republic International (ORI), recently bought 2,300 shares. The buy represents an initial stake for the director, and the purchase price came to just over $59,000. This is the second insider buy this month, following a buy from another director, although for just 118 shares. Company insiders have been regular buyers over the past few years, although a few large insider sales have overshadowed those buys. Overall, insiders own 7.6 percent of the company. Shares of the ...
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Unusual Options Activity: Barclays PLC (BCS)
Shares of UK-based bank Barclays PLC (BCS) had a sharp selloff over the past few months that has recently started to reverse. One trader sees a continued move higher. That’s based on the May $10 calls. With 57 days until expiration, 13,154 contracts traded compared to a prior open interest of 296, for a 44-fold jump in volume on the option. The buyer of the calls paid $0.43 to make the trade. Shares of the bank were recently going for just over ...
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Consider Growth Plays Nearing Value Territory Amid This Market Selloff
Every market selloff creates an opportunity to buy growth names at a big discount. Typically, investors start discounting growth when a crisis starts, so faster-growing companies sell off more. Growth comes in a variety of sectors and can be measured in a few different ways. Besides looking at obvious big-cap tech names on a selloff, other growth names could deliver market-beating returns at today’s prices. One such potential winner is Five Below (FIVE). The retailer that lists all its products for $5 ...
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Insider Trading Report: Landsea Homes Corp (LSEA)
John Ho, CEO at Landsea Homes Corp (LSEA), recently picked up 30,769 shares. The buy increased his holdings by nearly 7 percent, and came to a total purchase price of just over $274,000. The buy comes following a number of director buys over the past several days. And company insiders have been further bullish on the stock going back into the last year. There have been no insider sales over the past three years. Insiders at the company own 77 percent ...
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Unusual Options Activity: Ford Motors (F)
Shares of automaker Ford Motors (F) have been in a decline since hitting a multi-year high back in January. One trader is betting the downtrend will reverse in the next few trading sessions. That’s based on the April 8th $16 calls. With 16 days until expiration, 26,528 contracts traded hands compared to an open interest of 721, for a 37-fold rise in volume. The buyer of the calls paid $0.97 to make the trade. Ford shares recently traded for about $16.50, making ...
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