Insider Trading Report: Intel Corp (INTC)
Patrick Gelsinger, CEO at Intel Corp (INTC), recently picked up 14,800 shares. The buy increased his holdings by nearly 8 percent, and came to a total cost just over $501,000. This is the first insider activity at the company since May, when the company CFO bought alongside the CEO as well. Since the start of the year, insider buying has more than exceeded insider selling. Over the past three years the picture is more evenly mixed between buying and selling. Overall, Read More About This
Unusual Options Activity: Alamos Gold Inc (AGI)
Shares of gold exploration and production company Alamos Gold Inc (AGI) are trading flat over the past year. One trader sees the potential for a big drop in the coming weeks. That’s based on the October 21 $7.50 puts. With 52 days until expiration, 5,257 contracts traded compared to a prior open interest of 187, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.53 to make the bet. The stock last traded at $7.60, making ...
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Investors Still Love Industry Leaders Now
It’s a challenging market, but a few themes have been playing out in recent weeks. Great companies are holding up better than lower-quality ones in the same industry. And even with all the uncertainty out there right now, investors are willing to buy great companies well off of last year’s highs. That theme is playing out this earnings season. Companies that have been reporting poor numbers may be selling of, but investors have been swooping in to buy. One such players is ...
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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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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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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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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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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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