Insider Trading Report: Lincoln National Corp (LNC)
Deirdre Connelly, a director at Lincoln National Corp (LNC), recently bought 3,000 shares. The buy increased the director’s holdings by 300 percent, and came to a total cost just over $112,000. This marks the first insider buy at the company of any sort since May 2020 during the pandemic selloff low. Otherwise, company executives and directors have been sellers of shares over the past two years Overall, insiders at the life insurance company own 9.5 percent of shares. The share price has ...
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Unusual Options Activity: Unilever (UL)
Shares of consumer goods giant Unilever (UL) are down just 6 percent in the past year, outperforming the S&P 500 by nearly 10 percent. One trader sees shares moving higher to close out the year. That’s based on the December $50 calls. With 20 days until expiration, 8,516 contracts traded compared to a prior open interest of 388, for a 22-fold rise in volume on the trade. The buyer of the calls paid $0.60 to make the bet. Shares recently traded just ...
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Pick Up Shares of Companies that Can Grow in Slow Markets
Whether stocks move up or down, a company’s earnings remain fundamental to its long-term share price. A growing company will reflect that in growing earnings, whereas a struggling company may find all sorts of “one time” reasons why they didn’t hit their estimates. For companies that can fare well during a high-inflation, slow-growth economic environment, proving themselves now is a sign of success in any market condition. Investing in growing companies in a soft economy can lead to great results. One surprising ...
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Insider Trading Report: Zions Bancorp (ZION)
James Abbott, a Senior Vice President at Zions Bancorp (ZION), recently added 2,500 shares. The buy increased his stake by 3 percent, and came to a total cost of just over $126,000. Abbott was the last company insider to make a buy, with a 10,000 share pickup back in May, at a price about 10 percent higher than where shares now trade. Overall, insiders at the bank have been sellers over the past three years. Insiders at the bank own 1.6 ...
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Unusual Options Activity: Tesla Motors (TSLA)
Shares of electric car manufacturer Tesla Motors (TSLA) hit a 52-week low earlier this week. The automaker has been caught up in CEO Elon Musk’s acquisition of Twitter. One trader is betting on a rebound ahead. That’s based on the December $173.33 calls. With 22 days until expiration, 15,158 contracts traded compared to a prior open interest of 511, for a 30-fold rise in volume on the trade. The buyer of the calls paid $9.60 to make the bullish bet. Shares Read More About This
Good Companies and Great CEOs Are a Powerful Combination
The tenure of a company CEO can be judged in part by the stock price performance. Those who do a great job will see their shares rise well above that of other players in the industry. And when a great CEO announces their retirement, it’s likely that shares will drop on the concern that the replacement won’t be as good. Likewise, the announcement of a new CEO after a lackluster one can often give a company’s stock an immediate boost. That’s especially ...
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Insider Trading Report: The Home Depot (HD)
Paula Santilli, a director at The Home Depot (HD), recently bought 1,583 shares. The purchase is an initial stake by the director, and came to a total cost of just over $499,900. This is the first buy at the company since May, when another company director bought 1,500 shares, paying just over $400,000 to do so. Over the past three years, insiders have largely been sellers of shares, particularly those at the Executive Vice President level. Overall, insiders own about 0.1 ...
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Unusual Options Activity: Intel Corporation (INTC)
Shares of chipmaker Intel Corporation (INTC) have slid 40 percent in the past year. One trader sees a potential rebound in the next 10 months. That’s based on the September 2023 $40 calls. With 295 days until expiration, 5,076 contracts traded compared to a prior open interest of 204, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.88 to make the bet. Intel shares recently traded for just under $29, so they’d need to rise ...
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