15944

Insider Activity Report: Wolfspeed (WOLF)

Marvin Riley, a director at
Wolfspeed (WOLF), recently bought 1,866 shares. The buy increased his stake by 16%, and came to a total cost of $50,481. This is the first insider buy since February, when a cluster of four directors bought nearly 10,000 shares each, at a cost of around $250,000 for each director. The last insider sale occurred last December, when the company CFO sold about 6% of his stake. Overall, Wolfspeed insiders own 0.9% of shares. The silicon carbide wafer ...
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15947

Unusual Options Activity: Dollar Tree (DLTR)

Discount retailer
Dollar Tree (DLTR) is down 10% over the past year amid a slowdown in consumer spending on goods. One trader sees shares trending lower in the weeks ahead. That’s based on the August $110 puts. With 72 days until expiration, 3,502 contracts traded compared to  a prior open interest of 110, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.76 to make the bearish bet. Dollar Tree shares recently traded for about $118, so ...
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15937

This Small AI Play Could Finally Be Ready to Trend Higher

For all the clamor in the AI space, most investors have largely focused on large companies. On the surface level, that makes sense. Big-name tech firms have billions of dollars that they can easily throw into AI projects. If there’s even a small boost to the company’s bottom line, it can mean big bucks for shareholders. But smaller AI plays look attractive now too. That’s because these companies have a smaller market cap. As smaller companies grow, they can see a massive ...
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15938

Insider Activity Report: Hilton Worldwide Holdings (HLT)

Melanie Healey, a director at
Hilton Worldwide Holdings (HLT), recently bought 2,000 shares. The buy increased her stake by 15%, and came to a total cost of $399,299. This is the first insider buy in just over a year. Another director bought 695 shares for just under $100,000 in May 2023. Otherwise, company insiders have been slight sellers of shares in the last year, with most of those sales coming following the exercise of stock options. Overall, Hilton insiders own 2.1% of ...
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15939

Unusual Options Activity: United Parcel Service (UPS)

Shares of
United Parcel Service (UPS) dropped to a 52-week low last Thursday, and shares are now down 20% over the past year. One trader sees a rebound in the coming weeks. That’s based on the June 21 $136 calls. With 18 days until expiration, 10,588 contracts traded compared to a prior open interest of 109, for a 97-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. UPS recently traded just over $136, ...
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15932

Wall Street Loves Companies That Earn Money This Way

Different companies have different ways of offering products and services to their consumers. Wall Street prefers to see companies that have as much consistency to their revenues as possible. That’s why cyclical companies tend to vastly underperform the markets at some times, and outperform at others. Today, Wall Street loves seeing companies that can generate recurring revenues. It’s better to have monthly billing rather than make one-time sales, even if the overall revenue is the same. While this has been seen as ...
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15933

Insider Activity Report: Shutterstock (SSTK)

Jarrod Yahes, CFO of
Shutterstock (SSTK), recently bought 5,350 shares. The buy increased his stake by 14%, and came to a total cost of $199,822. This is the first insider buy since a director bought 10,000 shares in June 2022. Otherwise, company insiders have been sellers, with the biggest sales coming from the company’s Chairman of the Board, who is also a major holder. Overall, Shutterstock insiders own 31.2% of shares. The image service company is down 27% over the past year ...
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15935

Unusual Options Activity: American Airlines (AAL)

Major U.S. carrier
American Airlines (AAL) slid 15% earlier this week, amid a warning on earnings. One trader sees a further slide over the next six months. That’s based on the November $8 puts. With 168 days until expiration, 47,299 contracts traded compared to a prior open interest of 433, for a massive 109-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. American Airlines shares recently traded for over $11.50. Shares would need ...
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