Insider Activity Report: Gannett (GCI)
Laurence Tarica, a director at Gannett (GCI), recently bought 50,000 shares. The buy increased his holding by 5%, and came to a total cost of $225,000. This marks the first insider activity of 2024. Tarica was the last buyer of shares with a 200,000 buy for $370,000 back in November 2023. 2023 also saw a buy from the company CEO, for 60,000 shares valued at just over $220,000. Over the past two years, there have been no insider sales. Overall, Gannett ...
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Unusual Options Activity: Genpact Limited (G)
Outsourcing and IT services giant Genpact Limited (G) is up 6% over the past year, far lagging the overall stock market. One trader sees shares trending lower into the end of the year. That’s based on the December 20 $30 puts. With 92 days until expiration, 4,000 contracts traded compared to a prior open interest of 130, for a 31-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Genpact shares recently traded ...
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Retailers Offering Consumers the Best Value May Win the Holiday Season
The holiday season is when retail stocks have their best performance of the year. That’s because holiday sales provide retailers with the chance to see their biggest profits. However, consumers remain cautious after years of inflation. For a retailer to have a good year, it will need to offer bargains this year. Making value a priority may not mean a big profit margin. But it will mean solid revenues. And it will likely mean that those who don’t offer enough values ...
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Insider Activity Report: Lakeland Financial Corporation (LKFN)
Stephanie Leniski, a SVP at Lakeland Financial Corporation (LKFN), recently bought 4,500 shares. The buy increased her stake by 130%, and came to a total cost of $292,680. This marks the first insider buy since February, when a director bought 360 shares for about $23,000. Otherwise, company insiders, including the CEO and CFO, have been sellers of shares so far this year, with the largest insider sale account for $1.9 million. Overall, insiders at the regional bank own 3.3% of shares. Lakeland ...
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Unusual Options Activity: Comcast (CMCSA)
Telecom and communications giant Comcast (CMCSA) is down 13% over the past year. One trader expects further downside in the months ahead. That’s based on the April 2025 $30 puts. With 211 days until expiration, 6,315 contracts traded compared to a prior open interest of 117, for a 54-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Comcast shares recently traded for about $39, so the stock would need to decline by ...
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There Are Still Opportunities to Grab AI-Related Trades
Investors have been concerned about AI spending in the most recent earnings season, even as many big-name companies reported big spending on AI projects. While that put tech stocks in a funk, last week’s statement from Nvidia’s (NVDA) CEO noted that the AI trend is alive and well. That said, the market is still willing to punish companies with short-term concerns over AI spending or results. That can create an opportunity for investors looking to buy ahead of a year-end rally. For ...
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Insider Activity Report: Arcosa (ACA)
Steven Demetriou, a director at Arcosa (ACA), recently bought 6,000 shares. The buy increased his position by a massive 152%, and came to a total cost of $526,200. The buy comes a month after the company CEO bought 12,125 shares, paying just under $995,000 to increase his stake by 3%. These are the only insider buys over the past two years. Otherwise, company insiders have been sellers of shares, including the company CEO in 2023, and the company’s CFO in late ...
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Unusual Options Activity: Kohl’s Corporation (KSS)
Department store chain Kohl’s Corporation (KSS) is down 15% over the past year, and trades near six-month lows. One trader expects a pop higher for shares in the coming days. That’s based on the September 27 $20.50 calls. With 10 days until expiration, 15,148 contracts traded compared to a prior open interest of 134, for a 113-fold rise in volume on the trade. The buyer of the calls paid $0.37 to make the bullish bet. Kohl’s shares traded for about $19.50, so ...
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