12439

Unusual Options Activity: NCR Corporation (NCR)

Shares of information technology firm
NCR Corporation (NCR) have been trading in a range over the past year. One trader sees shares rallying from this lower part of its range to the higher part. That’s based on the July $40 calls. With 128 days until expiration, 3,411 contracts traded compared to a prior open interest of 142, for a 24-fold jump in volume. The buyer of the calls paid $3.15 to get into the trade. With shares currently around $36.50, the option would ...
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12428

To Find Growth Bargains, Look for the Relative Value Play

Any industry will eventually consolidate into a handful of players. One may dominate, but within the group of large players, one will usually be a value play. That company tends to have the potential to jump, at least once management finds a catalyst that can move shares higher. That offers investors a chance to get a solid bargain during a market downturn, and often a dividend growth play on top of that too. One instance is
Intel (INTC). In the chipmaker space, Intel ...
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12431

Insider Trading Report: Floor & Décor Holdings (FND)

William Giles, a director at
Floor & Décor Holdings (FND), recently added 2,000 shares. The buy increased his holdings by 51 percent, and came to a total price of $192,000. The buy came a few days after another director bought 800 shares, paying over $77,000 to do so. Otherwise, insiders have been sellers at the company going back to May 2020. Overall, company insiders own about 2.3 percent of shares. Shares of the home flooring company are up about as much as the ...
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12433

Unusual Options Activity: Vale (VALE)

Shares of iron ore producer
Vale (VALE) have been rising in recent weeks as commodity prices have been soaring higher. One trader sees the possibility for a further move from here. That’s based on the September $25 calls. With 192 days until expiration, 7,504 contracts traded hands compared to a prior open interest of 128, for a 59-fold jump in volume on the trade. The buyer of the calls paid $0.69 to make the trade. Shares last traded around $20, so they would ...
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12422

Retail Remains Strong, Which Should Benefit This Industry Leader

Although inflation remains high, consumers are continuing to buy. That might be to get ahead of continued expected price increases, or simply a reflection that the economy is running hot. There are a number of ways to play the retail trend. Many have been reporting solid earnings right now. One recent reporter hasn’t had good numbers, but the market likes what it has to hear anyway. Electronics giant
Best Buy (BBY) is the company that reported mixed earnings. The holiday season wasn’t ...
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12424

Insider Trading Report: Coterra Energy (CTRA)

Thomas Jorden, CEO, President and Chairman at
Coterra Energy (CTRA), recently added 44,000 shares. The buy increased his holdings by 3.75 percent, and came to a total price of just over $1.02 million. This marks the first insider buy at the company since late 2019. Insiders have otherwise been regular sellers of shares at the energy exploration and production company, primarily by employees at the Vice President level. Overall, company insiders own 1.6 percent of shares. Thanks to a strong energy market, shares ...
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12425

Unusual Options Activity: Advanced Micro Devices (AMD)

Shares of chipmaker
Advanced Micro Devices (AMD) have been more volatile than the overall market in recent months. One trader sees shares moving higher in the next upswing in the market. That’s based on the March 11 $127 calls. With 7 days until expiration, 7,830 contracts traded compared to a prior open interest of 599, for a 13-fold jump in volume. The buyer of the calls paid $0.46 to make the trade. Shares recently traded around $114, so they would need to rally ...
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12415

For the Best Profits Today, Follow the Bargain Shoppers

Economic uncertainty is high. That’s causing consumers of all income levels to cut back and take a wait-and-see attitude on spending, which is now growing more slowly than the rate of inflation. During periods of uncertainty, companies that offer the best bargain prices tend to gain market share—and their stocks perform well. That appears to be the case today with a number of companies across a few different industries. For clothing retailers, luxury firms may be facing sinking sales. But those offering ...
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