13276

Insider Trading Report: Flowers Foods (FLO)

Thomas Chubb, a director at Flowers Foods (FLO), recently added 3,000 shares. The buy increased his stake by nearly 15 percent, and came to a total cost of $82,500. The buy came a few days after the company President and CEO sold just over 143,000 shares. Insider trading history has been mixed over the past three years, with a few periods with large buys and sells by executives and directors Overall, company insiders own 7.2 percent of shares. The breadmaking company has ...
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13280

Unusual Options Activity: Petroleo Brasileiro (PBR)

Shares of oil giant Petroleo Brasileiro (PBR) are up 36 percent in the past year thanks to strong energy prices. One trader sees the possibility of a pullback in the coming weeks. That’s based on the October 21st $14 put option. With 53 days until expiration, 150,545 contracts traded compared to a prior open interest of 4,570, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.16. The stock recently traded for about $14.60, so shares ...
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13270

Use Short-term market Weakness to Profit from Long-Term Tech Trends

The economy is slowing down, and even meets the technical definition of a recession. But every recession is different. This time, the economy is slowing as pandemic stimulus wears off and as central bankers look to tackle inflation. That trend won’t end the technology transformations underway today. A number of promising news ideas are coming to fruition in the coming years, and investors who buy when the market is down now can get a high reward later. One area is in the ...
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13272

Insider Trading Report: Kohl’s Corp (KSS)

Jonas Prising, a director at Kohl’s Corp (KSS), recently bought 10,000 shares. The buy increased his holdings by nearly 20 percent, and came to a total cost just under $297,000. A different director bought 25,000 shares in the last week, paying just over $750,000 to increase their stake by nearly 35 percent. Those mark the only insider transactions at the company since early 2020, when the same two company directors last bought shares. Overall, insiders at the company own 1.3 percent ...
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13273

Unusual Options Activity: PepsiCo (PEP)

Beverage and snack company PepsiCo (PEP) are one of the few companies to be trading near 52-week highs in today’s market. One trader sees the stock declining in the weeks ahead. That’s based on the October $120 put. With 56 days until expiration, 10,953 contracts traded compared to a prior open interest of 157, for a 70-fold rise in volume on the trade. The buyer of the puts paid $0.13 to bet on a move lower. Share recently traded for about $180, ...
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13267

Fortune Favors Those Making Bold Deals Now

In a bull market, investors may ignore valuation in the hope of getting into a deal with more upside potential. However, in a bear market, deals get much more scrutiny, and potentially offer more upside with less downside risk. So those companies inking deals now are likely getting good, if not great, deals. That means they can benefit over time as the deal plays out, and as markets get bullish once again. Chipmaker Intel (INTC) just inked a deal with Brookfield Asset ...
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13268

Insider Trading Report: Desktop Metal (DM)

Ric Fulop, CEO of Desktop Metal (DM), recently added 6,000 shares. The buy increased his holdings by 0.03 percent, and came to a total cost just over $19,250. This follows upon a 5,000 share buy from the prior week from the CEO, for $16,000, and a buy of 30,000 shares two weeks ago for just under $93,000. The CEO was also a buyer in March. One company director was a seller of shares last year. Overall, company insiders own about 17 ...
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13269

Unusual Options Activity: Ring Energy (REI)

Shares of oil and gas exploration company Ring Energy (REI) have lagged its peers, with just a 30 percent gain in the past year. One trader sees the company narrowing that gap with a move higher. That’s based on the December $5.50 calls. With 113 days until expiration, 10,126 contracts traded compared to a prior open interest of 225, for a 45-fold surge in volume on the trade. The buyer of the calls paid $0.13 to make the trade. Shares recently traded ...
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