15133

Insider Activity Report: Keurig Dr Pepper (KDP)

Karin Rotem-Wildeman, Chief R&D Officer at Keurig Dr Pepper (KDP), recently bought 7,050 shares. The buy increased the officer’s stake by 9 percent, and came to a total cost of $211,148. Rotem-Wildeman was the last buyer with a 53,837 share pickup in June, which came to $1.84 million. Otherwise, company executives have been regular buyers of shares this year, more than offsetting a few insider sales. Overall, company insiders own a sizeable 31.6 percent of shares. The beverage producer is down 16 ...
Read More About This
|
15135

Unusual Options Activity: DoorDash (DASH)

Food delivery service DoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 ...
Read More About This
|
15125

Invest With Companies Leading Market Trends

This year, the stock market may have had its rally almost entirely thanks to the interest in AI. It’s pushed many big-cap tech stocks higher. Thanks to their high weighting, in turn, that’s helped stock indices rise. That trend may not be over, given the long-term opportunities as AI moves out of its early stages. If so, many companies that can benefit from the trend may be a long-term buy as the market moves out of correction mode. One example is with ...
Read More About This
|
15126

Insider Activity Report: M&T Bank (MTB)

Daryl Bible, CFO at M&T Bank (MTB), recently bought 5,000 shares. The buy increased his holdings by 18 percent, and came to a total cost of $555,218. This is the second buy from the CFO this year, following a 10,000 share pickup in June, for just over $1.2 million. Another director bought shares in February. Otherwise, company insiders have been small sellers of shares, often from the exercise of stock options. Overall, company insiders own 0.6 percent of shares. The bank has ...
Read More About This
|
15127

Unusual Options Activity: V.F. Corporation (VFC)

Apparel manufacturing firm V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the ...
Read More About This
|
15118

Earnings Season Shows an Opportunity for AI Investors

This quarter’s earnings season has shown that investors are less interested in AI, at least as far as big tech names are concerned. Instead, the concern is how those companies are managing their major cash cow, cloud services. Yet that’s a space where AI tools could enhance returns in the future. And investing with companies that can provide AI tools specifically for cloud services could see big gains outside the well-known big tech names. The leading player for this intersection of trends ...
Read More About This
|
15120

Insider Activity Report: Occidental Petroleum (OXY)

Berkshire Hathaway (BRK-A), a major holder of Occidental Petroleum (OXY), recently added 3.92 million shares. The buy cost the company $246 million, and represented a 2 percent increase in Berkshire’s OXY holdings. The buy comes after a four-month pause, as Berkshire’s prior buy was back in June. Berkshire has been the sole insider buyer of shares going back to early 2022. And 2022 also saw the last insider sale, which came following the exercise of a stock option. Overall, Occidental Read More About This
|
15121

Unusual Options Activity: JetBlue (JBLU)

Airline carrier JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the ...
Read More About This
|