Insider Activity Report: Plains GP Holdings LP (PAGP)
Willie Chaing, CEO of Plains GP Holdings LP (PAGP), recently bought 62,000 shares. The buy increased his stake by 20 percent and came to a total cost of just over $1,000,000. Chaing was the last buyer of shares with a 75,000 pickup back in May. That also totaled about $1,000,000, and increased his position by 31 percent. A company director bought 1,000 share last August as well. Otherwise, there has been no other insider activity over the last two years. All told, ...
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Unusual Options Activity: The Gap (GPS)
Clothing retailer The Gap (GPS) has outperformed the market this year, with a 30 percent gain. One trader sees shares pulling back in the next few weeks. That’s based on the October 20 $10.50 puts. With 17 days until expiration, 16,663 contracts traded compared to a prior open interest of 432, for a 39-fold rise in volume on the trade. The buyer of the puts paid $0.50 to make the bearish be Shares recently traded at about $10.50, so the stock would ...
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Invest In Companies Providing Services You Can’t Avoid
The investment world is full of products and services. Many are essential, such as food and gasoline. Others are more discretionary, like airfares and vacation destinations. When the economy gets uncertain, however, consumers tend to pull back spending on discretionary items and focus more on staples. Those staple goods and services cost more these days. While that’s unfortunate as a consumer, it could be beneficial to shareholders who buy at a reasonable price. One essential for consumers soaring in price today is ...
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Insider Activity Report: Postal Realty Trust (PSTL)
Andrew Spodek, CEO at Postal Realty Trust (PSTL), recently added 10,000 shares. The buy increased his stake by 1 percent, and came to a total cost of $137,500. The CEO has made a total of 5 buys since mid-August, picking up nearly 40,000 shares in total. Going further back, the company CFO sold shares in June and July, and company directors were buyers in the middle of last year. Overall, company insiders own about 6 percent of shares. The real estate investment ...
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Unusual Options Activity: The Walt Disney Company (DIS)
Shares of media giant The Walt Disney Company (DIS) have sunk to a 52-week low near $80 per share. One trader sees the potential for a rebound in the weeks ahead. That’s based on the November 3 $82 calls. With 32 days until expiration, 13,519 contracts traded compared to a prior open interest of 463, for a 29-fold rise in volume on the trade. The buyer of the calls paid $2.05 to make the bullish bet. With Disney stock going for $80, ...
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Follow this Stock’s Trend, Not Its Current News
Some companies are starting to struggle right now amid the costs of rising interest rates. Other companies are faring much better, as there are strong long-term trends behind them that can help them move forward in time. Even though some companies are warning on short-term pain, those who see big potential moves ahead could still deliver great returns for patient investors amid this latest market selloff. For instance, chipmaker Micron (MU) is reporting that business is in a slump. And that ...
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Insider Activity Report: Hyatt Hotels Corp (H)
Richard Tuttle, a director at Hyatt Hotels Corp (H), recently bought 1,250 shares. The buy increased his holdings by 4 percent, and came to a total cost of $130,615. This marks the first insider buy at the company since December 2021. A number of company directors and executives have been periodic sellers of shares over the past two years, with about half of those trades coming from the exercise of stock options. Overall, company insiders own about 2.2 percent of shares. The ...
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Unusual Options Activity: American Tower Corporation (AMT)
Shares of cell tower REIT American Tower Corporation (AMT) hit a 52-week low on Wednesday. One trader is betting on a rebound in the weeks ahead. That’s based on the October 20 $165 calls. With 21 days until expiration, 7,796 contracts traded compared to a prior open interest of 141, for a 55-fold rise in volume on the trade. The buyer of the calls paid $2.60 to make the bullish bet. Shares recently traded for about $160, so shares would need to ...
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