Insider Trading Report: BRT Apartments (BRT)
Jeffrey Gould, President and CEO at BRT Apartments (BRT), recently added 4,626 shares. The buy increased his holdings by about 0.1 percent, and came to a total cost of just over $93,000. The buy came a day after the CEO bought 14,445 shares, paying about $291,000. Overall, company insiders have been large and steady buyers since May, with some modest insider sales last occurring back in January. Overall, insiders own about 20 percent of the multifamily residential REIT. Shares are up about ...
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Unusual Options Activity: Peabody Energy Corporation (BTU)
Shares of coal producer Peabody Energy Corporation (BTU) are up 227 percent over the past year amid a strong energy market. One trader sees a further year-end rally for the stock. That’s based on the December 30 $32 call. With 23 days until expiration, 4,043 contracts traded compared to a prior open interest of 128, for a 32-fold rise in volume on the trade. The buyer of the calls paid $1.10 to make the bet. The stock recently traded for just under ...
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Pick Up This Company Benefitting from Tech Trend Shifts
There’s always some technological revolution going on somewhere. The past decade has seen a number of trends, and those growing trends have been great for investors in the right place. One of the most interesting trends today is the shift by major automakers from conventional gas-powered cars to hybrids and electric vehicles. While some challenges remain, it’s clear that investors like the trend overall, and rising EV sales tend to prove a boost for share prices. One company seeing its EV sales ...
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Insider Trading Report: Live Nation Entertainment (LYV)
Jimmy Iovine, a director at Live Nation Entertainment (LYV), recently added 13,740 shares. The buy increased his holdings by 42 percent, and came to a total cost of just over $1 million. This is the first insider buy at the company since March, when a director bought shares at a price about 25 percent higher than where the stock trades today. Over the past three years, company insiders have generally been regular and steady sellers of shares. Despite the massive and regular ...
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Unusual Options Activity: AT&T (T)
Shares of telecom company AT&T (T) are up about 8 percent over the past year, thanks in part to a strong rally over the past few weeks. One trader sees a pullback in shares in the month ahead. That’s based on the January 2023 $19 put. With 31 days until expiration, 9,297 contracts traded compared to a prior open interest of 250, for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.41. Shares recently traded right ...
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This Proven Strategy Will Keep Investors in the Game For 2023
Some traders are betting the worst is over for markets. That’s based on the view that the Fed will start tapering its interest rate hikes. But as long as interest rates are being hiked, they’ll continue to weigh on stocks. For investors who don’t want to get whipsawed while this plays out, there are a number of investment strategies to focus on instead. The simplest and arguably best is simply to buy and hold dividend-paying stocks in industry-leading companies. While such a ...
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Insider Trading Report: The Howard Hughes Corporation (HHC)
Pershing Square Capital Management, a major holder at The Howard Hughes Company (HHC), recently added another 1,560,205 shares. The buy increased the fund’s stake by just over $109 million, an increase of 11 percent. The fund was also the last buyer of shares, picking up about 150,000 shares back in September 2021. Back then, they paid about $13.8 million for a position that’s now down nearly 20 percent. Other company insiders have been fairly quiet this year. Overall, company insiders own ...
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Unusual Options Activity: AGNC Investment Corp (AGNC)
Shares of mortgage REIT AGNC Investment Corp (AGNC) have slid 35 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the June 2023 $7.00 put. With 192 days until expiration, 32,159 contracts traded compared to a prior open interest of 358, for a 90-fold rise in volume on the trade. The buyer of the puts paid $0.26 to make the bet. AGNC stock recently traded near $10, so the stock would need to ...
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