A Rough Year Ahead for This Sector, But Growth Remains Likely
The start of 2022 has seen interest rates start to quickly rise in anticipation of the Federal Reserve tightening monetary policy this year to help curb inflation. Rising interest rates are good for some companies, but can create tough situations for other companies. One such area is housing. Low interest rates tie into mortgage rates, and essentially how much of a home that one can afford. Other areas of the housing market are also impacted as well. Homebuilders are in the spotlight ...
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Insider Trading Report: Warby Parker (WRBY)
Durable Capital Partners LP, a major owner of Warby Parker (WRBY), recently added 407,615 shares to their stake. The buy increased the fund’s holdings by nearly 4 percent, and came to a total price of just over $17.5 million. That’s on top of a number of buys the fund made last year, including a 75,677 share buy back in mid-December for just over $3.3 million. Among other insider trades, the company co-CEO and a director have been sellers since the company ...
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Unusual Options Activity: Aflac Incorporated (AFL)
Shares of insurer Aflac Incorporated (AFL) outperformed the overall stock market in the last year. One trader sees the possibility of that outperformance continuing in the next few months. That’s based on the May $65 calls. With 127 days until expiration, 18,815 contracts traded compared to a prior open interest of 316, making for a 60-fold jump in volume. The buyer of the calls paid $2.08 to make the trade. With shares at a 52-week high around $63, it would only ...
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The Trend Is Your Friend in Travel and Tourism This Year
While the Omicron variant threw a wrinkle into the economic recovery, it’s now been a few months. And some in-person events have been cancelled or scaled back as a result, but it’s becoming a rarer and rarer phenomenon. That points towards further gains in the travel and tourism sector, which already saw big gains in the past year. Simply put, consumers want to get out, explore the world, and spend money on new places and experiences. One area where this will likely ...
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Insider Trading Report: Forian Inc (FORA)
Martin Wygood, a director at Forian inc (FORA) recently bought 14,573 shares. The buy increased his holdings by 0.6 percent, and came to a total purchase price just over $115,000. He was joined by another director, Stanley Trotman, who picked up 7,500 shares, increasing his stake by nearly 7 percent, for a total price of $60,000 exactly. The two directors have been steady and consistent buyers over the past few months. Overall, insiders own 42.7 percent of shares. Since going public early ...
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Unusual Options Activity: Kinder Morgan Inc (KMI)
Shares of oil and gas pipeline company Kinder Morgan Inc (KMI) have been rangebound over the past year, but are in an uptrend right now. One trader sees that trend continuing in the next few weeks. That’s based on the February 11 $18 calls. With just over 30 days to trade, 24,200 contracts traded compared to a prior open interest of 180, for a 135-fold jump higher in volume. The buyer of the calls paid $0.23 to make the trade. The company ...
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Metaverse Growth Will Entice Investors This Year— This Established Player Is a Likely Leader
The past few months has seen an explosion of growth in the concept of the metaverse. A digital realm where people can interact with each other, whether socially or for business, the idea is on the forefront for a number of big-name tech companies. It’s also been a popular idea for retail investors as well, with metaverse-related news for any company enough to cause a jump in shares. Among the players in the space today, one of the earliest players looks ...
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Insider Trading Report: Cardlytics (CDLX)
Clifford Sosin, a major holder at Cardlytics (CDLX), recently bought 159,090 shares. The buy increased his stake by just over 3 percent, and came to a total purchase price of just over $10.5 million. Over the past three years, there has been a mix of insider buys and sales. However, company executives have tended to be big sellers of their holdings, even before shares slid off their multi-year highs in the past few months. Overall, insiders own 2.7 percent of the ...
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