September is the Month for Insider Selling in Snap Inc
Looking back over the last several years, September has been a month where insiders have typically sold more shares of Snap Inc (NYSE: SNAP) stock. It has also been a time of year, given its limited history, of underperformance. Comparing the selling so far in September against past years, the number of shares being sold is the highest since September 2017. As the price attempts to rally over the past three weeks, it may be a good time to ...
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Option Traders Starting to Eye a Bullish Opportunity in Energy
Oil has fallen over $7 from its high on August 26 and has been consolidating the past four days. As oil prices deliberate, the share price of energy names has been doing the same. While the surface of the energy market is quite bearish, most of these names are oversold. On Monday, the options market appears to have turned more bullish. The significant activity on energy names like Apache Corporation (NASDAQ: APA ) and Occidental Petroleum Corporation (NYSE: Read More About This
4 Materials Stocks That are Bucking the Trend of the Market
The S&P 500 continued its uncertain ways last week as technology shares struggled to find any footing. While the bearishness was the story of the week for most of the market, that wasn’t true for all of the market. Thursday and Friday saw buyers in the materials space perk up and was the only S&P 500 sector to finish in the green for the week. By Friday, it was the Construction Materials along with Metals and Mining that shined. For the ...
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Option Traders Just Made a Big Bearish Bet on Chinese Stocks
As stocks struggled to end the week in the green, it is leading investors to try to figure out where the market will be at the end of the year. As investors are looking around, trades are being made based on these expectations. For the Chinese equity markets some answers are coming in based on Friday’s option activity. The iShares China Large-Cap ETF (NYSEARCA: FXI) saw a surge in put option activity that is anticipating FXI will test its ...
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Microsoft On Pace for Big Month of Insider Selling
With the month of September only half-way through, Microsoft Corporation (NASDAQ: MSFT) is on pace for a big month of insider selling. Looking back over the past three years, Microsoft is pacing to have its biggest month in terms of sale transactions and selling volume by insiders. The selling comes at an interesting time as the tech rally fades and investors are left wondering if there is a bigger pull-back in store. Technology was the second-worst performing S&P 500 sector ...
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5 Recent SPAC IPOs to Watch
The route that Nikola Corporation (NASDAQ: NKLA) took to become a publicly traded company has sparked interest in Special Purpose Acquisition Companies (SPAC). These companies are considered “blank check companies” who raise capital in the equity markets to pursue potential acquisitions. In 2020, this trend continues to grow and the opportunity to trade these companies are increasing. If you’re not familiar with SPACs, it is a company that has no real operation and is formed for the sole purpose to ...
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Conversion Labs is Most Bought OTC Stock by Insiders in Last Month
Conversion Labs Inc (OTCMKTS: CVLB) is an online direct-to-consumer marketing and telemedicine company. That description should get you a little excited given the trend of companies that can operate in with all the pandemic policies in place. Someone that may be a little excited, based on their recent transactions, is the director that added over 100,000 shares in the past few weeks. As the price is firming up, it may be a good time to revisit the most bought ...
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Option Traders Continued Trend of Bullish Trades on ‘Reopen’ Companies
If you’ve been following unusual option activity over the past two months, there has been a lot of activity on companies that benefit from reopening. One of the most targeted areas have been casinos like MGM Resorts International (NYSE: MGM) and Caesars Entertainment Inc (NASDAQ: CZR), but it has also extended to other areas of travel and leisure. On Thursday, it was Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) turn as option traders are looking for its ...
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