Trading Tips Blog

Ryan Cohen, a major shareholder at
GameStop (GME), recently bought 1,226,400 shares. That increased his stake by nearly 16 percent. The total price of the buy came to just over $19 million. This marks the first insider buy at the company since April, when the company’s CEO and CFO both bought shares when they were under $5. One director at the company sold shares in April as well. The retail outlet for video games has seen shares move lower over the past ...
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The days of physical manufacturing are far from over. But companies still in the space can embrace new technologies to produce better goods in less time and with lower expense. They can also use technology to add new lines of business that increase the bottom line without adding heavy fixed costs. That’s the case with a number of firms. But a surprising name has tilted heavily towards technology recently, and a new acquisition in artificial intelligence moves the needle even further. That ...
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Shares of telecom and media play
AT&T (T) have been volatile in recent sessions. Shares rallied over 10 percent in November, then gave up most of those gains in December. But one trader sees the pullback as the start of a new possible rally. That’s based on the action in the January 2021 $28.50 calls. The just in-the-money options expire in 22 days. Over 675 of the contracts traded against a prior open interest of 104, for a 6-fold gain in volume. The ...
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2020 saw a rapid acceleration of tech trends such as automation and remote work. That trend benefitted the larger area of cloud storage space. That’s helped a number of companies outperform the market this year. Now, Citigroup is upgrading one of the bigger plays in the space. It’s given the stock a street-high rating. And with an expected 20 percent return in 2021, it would add to gains of nearly 40 percent so far this year. That company?
Microsoft (MSFT). The tech ...
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A.B. Krongard, a director at
Icahn Enterprises (IEP), recently started a stake at the company. The initial stake was a buy of 16,723 shares. That total purchase price came to just over $836,000. This is the second insider buy of 2020, following Director Brett Icahn picking up shares from chairman of the board Carl Icahn. Aside from that transfer, insiders at the company have been buyers of shares going back the past three years. An industrial conglomerate, Icahn Enterprises owns a variety ...
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Shares of natural gas fuel play
Clean Energy Fuels Corp (CLNE) have been on a tear, more than doubling since early November. At least one trader sees the rally continuing, albeit at a slower rate. That’s based on the January 2022 $10 calls. With shares just under $6, CLNE would need to rally another 70 percent for the trade to move in-the-money. That’s certainly possible in the next 394 days before expiration. Over 4,300 of the contracts traded, a 19-fold rise in volume ...
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Shares of social media company
Snap Inc. (SNAP) have had a strong rally year-to-date. At least one trader sees a pullback in shares by year-end. That’s based on the December 31st $48 puts. With shares trading near $53, they’d need to decline nearly 10 percent for this option to move in-the-money. The buyer paid about $0.45 for the puts. Over 19,970 contracts traded, a 130-fold rise from the prior open interest of 154. This massive rise in volume suggests that shares, which ...
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James Kilts, a director at
Viatris (VTRS), recently added 27,736 shares. The buy increased his holdings by nearly 75 percent, and came to a total cost of just under $500,000. This is the second insider buy of the year following another purchase from a director in August. There’s also been one sale this year. Insiders have been sellers at higher prices back in 2018 and 2019. The prior insider sales were likely from either Mylan or Pfizer, as those two companies shed ...
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