Insider Activity Report: CME Group (CME)
William Shepard, a director at CME Group (CME), recently bought 293 shares. The buy increased his stake by less than 1%, and came to a total cost of $63,945. Shepard was the last insider buyer with a 326 share pickup back in June, for the same cost. And again in March. One other director has been a buyer over the past two years, otherwise company insiders have been periodic sellers of shares. Overall, CME Group insiders own 0.4% of shares. The stock ...
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Unusual Options Activity: Peloton Interactive (PTON)
Exercise technology company Peloton Interactive (PTON) is down 2% over the past year, with shares coming off extreme lows from earlier in the year. One trader sees the stock surging higher into next spring. That’s based on the April $7 calls. With 197 days until expiration, 13,239 contracts traded compared to a prior open interest of 209, for a 63-fold rise in volume on the trade. The buyer of the calls paid $0.67 to make the bullish bet. Peloton shares recently traded ...
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This Company Looks Ready to Soar Higher
While the stock market remains near all-time highs, many individual stocks haven’t taken off for the ride. Some companies have simply been out of favor, or haven’t been able to grow quickly over the past few years, making for a poor investment. Other companies have had to deal with significant headwinds, whether from consumer tastes, regulatory costs, or other challenges. The airline industry is no stranger to any of those issues over the past few years. The industry has been looking to ...
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Insider Activity Report: Methode Electronics (MEI)
Mary Lindsey, a director at Methode Electronics (MEI), recently bought 8,800 shares. The buy increased her stake by 31%, and came to a total cost of $100,108. The buy came a week after another director bought 9,320 shares, also paying in the low $100,000 range, and after a $500,000 buy from the company CEO. These mark the only insider buys over the past two years, although there have been some slight sales by Methode insiders. Overall, Methode insiders own 5.7% of ...
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Unusual Options Activity: Cameco (CCJ)
Uranium producer Cameco (CCJ) is up 16% over the past year, and shares have started to rebound strongly after selling off over the summer. One trader sees further gains ahead. That’s based on the November 15 $60 calls. With 47 days until expiration, 8,083 contracts traded compared to a prior open interest of 137, for a 59-fold increase in volume on the trade. The buyer of the calls paid $0.52 to make the bullish bet. Cameco shares recently touched $48, so they ...
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One Company’s Legal Challenge Is Another Company’s Potential Benefit
Companies don’t operate in a vacuum. They have competitors, and often look to see what a competitor is doing to see if it’s an idea worth emulating (or not). Sometimes, a company gets into legal trouble. Legal cases can drag on for years. And they can cost millions of dollars. And customers may want to shop and invest elsewhere while a lawsuit plays out. That may create opportunities for a company to grow their market share while their competitor is defending ...
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Insider Activity Report: Alliance Bernstein (AB)
Equitable Holdings, a major holder of Alliance Bernstein (AB), recently increased their position by 500,000 shares. The buy increased their total holdings by 12%, and came to a total cost just over $17 million. This marks the first insider buy at the company over the past two years. Insiders have been occasional sellers of shares, particularly the company CFO back in 2023, and the company’s Head of Global Investments sold of about half his stake back in July. Overall, Alliance Bernstein ...
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Unusual Options Activity: Citigroup (C)
Wall Street megabank Citigroup (C) is having a strong year, with shares up 52%. One trader sees the stock taking a break over the coming weeks. That’s based on the October 25 $55 puts. With 28 days until expiration, 10,038 contracts traded compared to a prior open interest of 115, for an 87-fold rise in volume on the trade. The buyer of the puts paid $0.43 to make the bearish bet. Citigroup shares recently traded for just over $60, so the stock ...
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