Slow and Steady Wins in Volatile Markets
With markets undergoing high volatility, it will likely take a few weeks for the market to get back to a calmer daily trading range. Investors unused to volatility may want to look for ways to avoid watching big daily swings. One such way is to look for stocks with a low beta. Beta is a measure of how a single stock trades relative to the market. A stock that trades exactly with the market has a beta of 1.0. Companies with a ...
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Insider Activity Report: Kinder Morgan (KMI)
Amy Chronis, a director at Kinder Morgan (KMI), recently bought 9,732 shares. The buy increased her stake by 81%, and came to a total cost of $200,986. This marks the first insider buy at the company over the past two years. Company insiders have been regular sellers of shares, including a few company executives who have been consistent sellers of small amounts of their holdings on a regular basis. Overall, Kinder Morgan insiders own 12.8% of shares. The oil and gas pipeline ...
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Unusual Options Activity: Papa John’s International (PZZA)
Pizza chain Papa John’s International (PZZA) has lost nearly half its value over the past year amid a slowdown in consumer spending on dining. One trader sees further weakness in the months ahead. That’s based on the October $40 puts. With 67 days until expiration, 7,988 contracts traded compared to a prior open interest of 338, for a 24-fold rise in volume on the trade. The buyer of the puts paid $2.15 to make the bearish bet. Papa John’s recently traded for ...
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Focus on Facts, Not Big Market Swings
With the S&P 500 swinging by 100 points or more in daily trading, or the Dow making 1,000 point moves it’s easy to get caught up in the fear. To get past the fear, investors should focus on the facts. One fact of the past few weeks is that the economic data is okay. We’re not plunging into a recession right now, although growth is slowing. The Fed is on track to lower interest rates next month. All to plan. However, the ...
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Insider Activity Report: MGM Resorts International (MGM)
William Hornbuckle, President and CEO of MGM Resorts International (MGM), recently bought 58,900 shares. The buy increased his position by 12%, and came to a total cost of $1.99 million. A company director bought 147,500 shares on the same day, shelling out $4,986,090 to increase his stake by 9%. And the company CFO bought $340,000 in shares, also on the same day. These mark the first insider buys at MGM in the past two years, reversing a trend of sales. Overall, Read More About This
Unusual Options Activity: Lyft (LYFT)
Rideshare company Lyft (LYFT) sank over 17% earlier this week when it reported earnings. Shares are now slightly down for the year, and one trader sees further downside through the end of next year. That’s based on the December 2025 $8 puts. With 497 days until expiration, 45,577 contracts traded compared to a prior open interest of 613, for a 74-fold rise in volume on the trade. The buyer of the puts paid $1.70 to make the bearish bet. Lyft shares recently ...
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Even in a Correcting Market, Earnings Still Matter
The stock market rally has been hit by a massive shock. Several concerns have come together at the same time to create a big selloff. However, the markets may be fearful, but as long as companies can continue to grow their earnings, their share price will recover over time. Tech companies may face increasing skepticism amid this latest market selloff. But even high-flying tech companies are high-flying for a reason. That’s because they’re capable of massively growing their earnings, even right ...
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Insider Activity Report: Mobileye Global (MBLY)
Amnon Shashua, President and CEO of Mobileye Global (MBLY), recently bought 631,963 shares. The buy increased his position by 18%, and came to a total cost of $10.4 million. This is the most recent insider buy since a director bought shares in late April, paying just over $100,000 for 3,611 shares. Other directors have been buyers this year and into last year. The last inside sale occurred over a year ago, from a major holder who exited their position. Overall, Mobileye ...
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