Insider Trading Report: Datadog (DDOG)
Matthew Jacobson, a director at Datadog (DDOG), recently bought 719,894 shares. The buy increased his holdings by nearly 6 percent, and came to a total cost just under $50 million. This marks the first insider buy at the company in the past three years. Otherwise, company insiders, primarily executives, have been large and steady sellers of the stock since 2019. That’s fairly typical of an early-stage tech company. Even with large amounts of sales over the past few years, insiders own ...
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Unusual Options Activity: American Airlines Group (AAL)
Shares of American Airlines Group (AAL) have been trading in a range over the past few months. One trader sees shares heading higher in the coming weeks. That’s based on the December 23 $17.50 calls. With 39 days until expiration, 11,589 contracts traded compared to a prior open interest of 100, for a 116-fold rise in volume on the trade. The buyer of the calls paid $0.22 to make the bullish bet. The stock recently traded for about $15, so shares ...
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Buy the Brand When It’s Down and Out
Earnings season in a bear market can turn even a blue-chip stock into what looks like a penny stock with big moves up or down – usually down. But patient investors who buy an industry-leading company during a down market can get a great value. Patient investors can earn a great return buying values and waiting for the market to recover. And, as that happens, traders tend to be more forgiving in future quarters for a company during bull markets. The recent ...
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Insider Trading Report: Energy Transfer (ET)
Kelcy Warren, Executive Chairman of Energy Transfer (ET), continues to pick up shares, with a 1.2 million share buy. The latest purchase increased his holdings by 0.4 percent, and came to a total cost of $14.8 million. Warren last bought shares in mid-September, paying about where the stock trades today. Other insiders, including the company CFO, have been buyers earlier in the year as well. The last insider sale was a small one in 2020. Company insiders own 19.8 percent of ...
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Unusual Options Activity: Robinhood Markets (HOOD)
Shares of brokerage Robinhood Markets (HOOD) have been slammed in recent sessions amid a selloff in cryptocurrencies. One trader sees a further decline in the coming months. That’s based on the February 2023 $4 puts. With 98 days until expiration, 3,284 contracts traded compared to a prior open interest of 150, for a 22-fold rise in volume on the trade. The buyer of the puts paid $0.65 to make the bet. Shares recently traded just over $8, so the stock would need ...
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Profit With Winning Companies Providing “Slow and Steady” Returns
Many investors have made money by buying the dip and being greedy while others are fearful. In today’s fearful markets, there are plenty of bargains. But some companies may continue to struggle right now, leading their share price lower. Buying companies who have seen their stock price increase this year may be a better way to go. Those companies that can deliver now can likely continue higher no matter what market conditions develop. Playing to that momentum could fare well. For instance, ...
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Insider Trading Report: Caesars Entertainment (CZR)
Michael Pegram, a director at Caesars Entertainment (CZR), recently added 25,000 shares. The buy increased his holdings by about 31 percent, and came to a total cost just over $1.18 million. This is the first insider buy since June, when a number of directors also picked up shares. Over the past three years, insiders have mostly been active as sellers, with buying activity only picking up this year. Overall, insiders own 0.4 percent of the company. The casino operator has seen shares ...
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Unusual Options Activity: Hanesbrands Inc (HBI)
Shares of apparel company Hanesbrands Inc (HBI) have lost 60 percent of their value in the past year. One trader sees a further decline in shares in the next few weeks. That’s based on the December 16 $5 put options. With 36 days until expiration, 8,489 contracts traded compared to a prior open interest of 101, for an 84-fold rise in volume on the trade. The buyer of he puts paid $0.08 to make the bet. Shares recently traded for just over ...
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