Insider Trading Report: Cricut Inc (CRCT)
The Abdiel Qualified Master Fund, a major owner of Cricut Inc (CRCT), recently added 42,558 shares to its holdings. The buy increased the fund’s ownership by 0.23 percent, and came to a total price of just over $1.1 million. The fund has been a repeat buyer over the past few months, picking up nearly 900,000 shares since the start of September. A number of company insiders have been sellers prior to these repeat buys. Overall, company insiders own nearly 15 percent ...
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Unusual Options Activity: Ford Motors (F)
Shares of automaker Ford Motors (F) have more than doubled in the past year. One trader sees shares heading even higher in the months ahead. That’s based on the March $28 calls. With 136 days until expiration, over 12,695 contracts traded against a prior open interest of 137, for a 93-fold jump in volume. The buyer of the calls paid $0.14 to make the trade. With shares trading around $17, they’d need to surge another 64 percent for the option to move ...
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This Retailer’s Business Model Isn’t Feeling the Sting of Supply Shortages
A number of companies have been warning this earnings season about potential supply chain shortages. While many retailers may see some partially bare shelves, those that have embraced a different business model are faring just fine. One such company is Overstock (OSTK). The company is an online-retailer. Its business model involves acquiring and selling inventory that other retailers have already tried to sell, although today it also carries new items. While many were expecting retail to struggle, the company’s most recent financials ...
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Insider Trading Report: Bank of the James Financial Corp (BOTJ)
Julie Doyle, a director at Bank of the James Corp (BOTJ) recently picked up 1,000 shares. The buy increased her stake by over 8 percent, and came to a total purchase price of $16,000. A number of other directors and a company Treasurer also bought shares, albeit in the few hundred share range. Over the past three years, insiders have been exclusively buyers of shares on a regular basis. Overall, company insiders own just over 13 percent of the regional bank. Shares ...
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Unusual Options Activity: Live Nation Entertainment (LYV)
Shares of event sales company Live Nation Entertainment (LYV) have been trending higher in the past year. One trader sees the potential for a move higher from here. That’s based on the April $105 calls. With 164 days until expiration, over 5,498 contracts traded against a prior open interest of 153, for a 36-fold rise in volume. The buyer of the calls paid $8.95 for the trade. With shares right around $100, they’d only need to rally about 5 percent to hit ...
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The Pandemic Permanently Thinned the Ranks of This Rare Type of Stock
Studies have shown that as much as half of an investor’s total return over a lifetime can come from receiving and reinvesting dividends. Combined with the timing of a trader, investors who buy into out-of-favor income stocks can lock in relatively high yields and see further capital gains. The pandemic caused a number of companies to reduce or even cut dividends entirely. Some have brought them back, some haven’t. The overall result? A fewer number of companies defined as dividend aristocrats. Investors ...
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Insider Trading Report: Paramount Gold Nevada Corp (PZG)
Christopher Reynolds, a director at Paramount Gold Nevada Corp (PZG), recently picked up 4,600 shares. The buy increased his stake by nearly 15 percent, and came to a total price of just under $4,000. This marks the second insider buy this month, following a 2,000 share buy from another director back on October 1. Insiders have been buyers going further back over the past three years, with no insider sales. Overall, company insiders own 19.5 percent of shares. The gold exploration company ...
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Unusual Options Activity: Pinterest (PINS)
Shares of social media firm Pinterest (PINS) saw some volatility last week. The stock soared on a potential takeover rumor, only to drop a bit when the potential for a deal passed. One trader sees further upside to shares in the month ahead. That’s based on the November 19 $48 calls. With 21 days until expiration, 4,016 contracts traded against a prior open interest of 124, for a 32-fold rise in volume. The buyer of the calls paid $2.01. Shares have been ...
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