Trading Tips Blog

Shares of megabank Citigroup (C) have done well in the past few weeks during the last stock market surge. At least one trader sees that uptrend continuing in the next few weeks. That’s based on the January 2021 $63 call options. With 35 days until expiration, and with shares at $60, a 5 percent rally in shares would send the trade in-the-money. The trader paid about $1.54 for the options. The options saw over 2,100 contracts trade against a prior open interest ...
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For all the unexpected changes in 2020, a few sectors merely advanced goals that they thought would take years to complete. Major software companies shifted heavily towards work-from-home and other remote-work trends, allowing them to be top winners. That trend may not be over yet. The shift this year looks set to solidify next year. And many of the top-performing stocks in the space this year are likely to be big winners next year as well. Bank of America recently resumed coverage ...
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Wayne Hughes, a major holder at American Homes 4 Rent (AMH), recently added to his stake with a 342,000 share buy. The buy came to just under $10 million, and increased the stake in the company by just under 2 percent. The buy comes as shares of the company have rebounded to all-time highs following a major drop in March. Company executives have been active insider traders the past few months, but entirely on the sell side. Overall, insiders own over ...
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Shares of Rigel Pharmaceuticals (RIGL) have been trending higher in recent weeks. Despite a spike higher in shares yesterday, at least one trader sees even further upside ahead. That’s based on the activity in the January 15th 2021 $3.00 calls. Expiring in 29 days, over 22,770 contacts traded, a 45-fold rise in volume from the prior open interest of 508. The trader paid about $1.00 for the options, which are about $0.50 in-the-money. The company develops small-molecule drugs for autoimmune, viral and ...
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It’s no surprise that the restaurant space has had a challenging year. Most small, family-owned restaurants are at risk of bankruptcy, if they haven’t yet gone under. But even publicly-traded companies in the sector have struggled as well. For those chains with poor delivery and takeout options, it’s been a challenge. But companies that have quickly adapted to the times are likely to thrive. That’s why Stifel just upgraded shares of burrito chain Chipotle (CMG). While only another $100 was added ...
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Robin Hayes, a director at KeyCorp (KEY), recently started a stock position with a 2,500 share buy. The purchase cost a total of $40,000. Over the past year, insiders have seen both buyers and sellers. But buyers have held the advantage, thanks to multiple director buys and a 100,000 share purchase from the company President back in April. Over the past three years, insiders have been net sellers, so 2020 has been an outlying year for insider activity. Shares of the ...
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Martin Landis, a director at Crown Castle International (CCI) recently bought shares on two consecutive days last week. On December 9th, he picked up 2,100 shares. On December 10th, he bought 1,200 shares. The total cost for those two buys came to just under $540,000. Landis also bought shares in October. Most company insiders have been sellers of shares throughout the year at the cell tower firm. The company, structured as a real estate investment trust, has moved about 16 percent ...
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A company that’s successful will sometimes pivot to a new challenge. Sometimes, it may stay with its core focus. And at other times, it may rest on its laurels, allowing competitors to come in and find a better way to succeed in the sector. In that last case, an activist investor may step in to streamline operations, cut costs, and make the company competitive again. Such investments can often turn industry laggards into leaders. That could be the case with Public Storage ...
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