Insider Trading Report: Enterprise Product Partners (EPD)
John Rutherford, a director at Enterprise Product Partners (EPD), recently picked up 10,000 shares. The buy increased his holdings by nearly 15 percent, and came to a total purchase price of just over $237,000. This is the first insider buy of 2022. Company insiders, including the company’s Co-CEO have been moderate buyers in the past year, with larger amounts of insider buying over the past three years. There’s also been no insider sales during the last three years. Overall, company insiders ...
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Unusual Options Activity: Meta Platforms (FB)
Shares of social media giant Meta Platforms (FB) saw their largest one-day decline last week following earnings. One trader is betting on a sharp rebound in the next few days. That’s based on the February 18 $240 calls. With 10 days until expiration, 6,768 contracts traded against a prior open interest of 135, for a 50-fold jump in volume on the contract. The buyer of the calls paid $7.98 to make the trade. Shares traded around $237, making these an at-the-money options ...
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For Better Market Returns, Consider Companies Nipping at the FANG Stock’s Heels
For years, the FANG stocks have become market dominators. It’s easy to see why. But in the past decade since the term was coined, many of these companies have seen new firms eat into their profit margins. That could come from a proliferation of competitors, such as in social media or streaming services. That’s why investors are seeing wild swings in these companies as earnings season unfolds. It’s also revealing another truth about the market. It’s the fact that nothing lasts forever ...
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Insider Trading Report: Western Alliance Bancorp (WAL)
Kenneth Vecchione, President and CEO of Western Alliance Bancorp (WAL), recently added 5,600 shares to his holdings. The buy increased his stake by nearly 2 percent, and came to a total price of just over $548,000. He was also joined by the company CFO, who picked up 5,000 shares for nearly $499,000. Another insider picked up 200,000 shares back in September, but otherwise, company insiders have generally been sellers over the past three years. Overall, company insiders own about 2.8 percent ...
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Unusual Options Activity: Redwire Corporation (RDW)
Shares of space infrastructure company Redwire Corporation (RDW) have lost over half their value in the past three months. One trader sees the possibility for a strong rebound in the next few weeks. That’s based on the March $7.50 calls. With 38 days until expiration, 6,988 contracts traded compared to a prior open interest of 156, for a 45-fold increase in volume. The buyer of the calls paid $0.38 to make the trade. With shares last trading around $5.60, the stock would ...
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This Down-and-Out Player Has More Room to Run on Its Successful Turnaround
Turnaround opportunities can be tough for investors, as many turnaround plays often fail to, well, turn around. However, when a company does manage to pull it off, it can beat the market for years as it regains lost market share, and potentially even grows into new markets and new heights. That can be incredibly rewarding for investors. While those who got in at the start may fare best, those who wait to see a successful turnaround can earn great returns too. The ...
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Insider Trading Report: Microsoft (MSFT)
Emma Walmsley, a director at Microsoft (MSFT), recently bought 3,300 shares. The buy increased her stake by nearly 60 percent, and came to a total price of just over $1 million. This is the first insider buy at the tech conglomerate in nearly a year. over the past three years, company insiders, who are beneficiaries of stock options, have been regular sellers of shares, even as the stock has continued to soar higher. Overall, insiders own 0.06 percent of the company. The ...
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Unusual Options Activity: PayPal (PYPL)
Shares of payment processing firm PayPal (PYPL) shed nearly a quarter of their value on Wednesday after the company missed earnings by a penny and lowered on guidance. However, one trader sees shares as immediately oversold in the short term. That’s based on the February 18 $140 calls. With 14 days until expiration, 9,173 contracts traded against a prior open interest of 156, for a 59-fold jump in volume. The buyer of the calls paid $3.60. Shares were knocked down to ...
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