Insider Trading Report: Jacobs Engineering (J)

shutterstock_4519295981

Christopher Thompson, a director at
Jacobs Engineering (J), recently bought 10,000 shares. The buy increased his stake by 46 percent, and came to a total price of just over $140,000.

  • Special: 32,481% Growth: The SmartPhone Startup Outpacing Apple and Samsung
  • This marks the first insider buy at the company in the past three years. Insiders have been regular sellers of shares throughout the past few years at fairly regular intervals, even as the share price has risen.

    Overall, company insiders own 0.9 percent of shares.

    • Bill O'Reilly Interviews Wall Street Expert to Help YOU Achieve the American Dream

      "We're going to bring back the American Dream... bigger, better, bolder, richer, safer, and stronger than ever before." - President Donald Trump

      During Trump's first term, 8 million Americans became millionaires despite constant resistance from Democrats and even some Republicans in his cabinet.

      Now, with Republicans controlling both houses and the Fed cutting rates, everything is aligned for even greater growth.

      Bill O'Reilly interviews investment expert Alexander Green who reveals details on 6 stocks with the potential to soar under Trump's pro-business policies.

      Get the Details Right Here

    The company offers private and public sector engineering and project services throughout the world. Earnings and revenue at the company have been flat over the past year, but shares are up 61 percent, far outpacing the S&P 500 index.
    Action to take: While the company’s operational performance has been somewhat lackluster lately, shares are clearly in an uptrend. On a recent pullback, shares stayed over their 50-day moving average, a bullish sign.

    Traders may want to take advantage of the current trend with a call option trade. The October $150 calls, with a bid/ask spread close to $5.50, look like an interesting way to play a move higher. There’s low downside compared to buying shares, but a potential for high-double to low-triple-digit returns. As with any option trade, look to take quick profits if the uptrend looks like it’s starting to wear out.

  • Special: The Crypto that Could Replace Visa?
  •  
    Disclosure: The author of this article has no position in the stock mentioned here, and does not intend to trade this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

    [wp-post-author image-layout="round"]