Insider Activity Report: Franklin Resources (BEN)
Jennifer Johnson, President and CEO of Franklin Resources (BEN), recently bought 18,900 shares. The buy increased her stake by less than 1%, and came to a total cost of $396,000. This marks the first insider buy since June, when a major holder bought 300,000 shares over two transactions, totaling over $6.8 million. Going further back to 2023, two company insiders sold shares. Those represent the only insider sales over the past two years. Overall, Franklin Resources insiders own 46.7% of shares. The ...
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Unusual Options Activity: General Motors (GM)
Automaker General Motors (GM) is up 45% over the past year thanks to strong growth even as higher interest rates have weighed on car sales. One trader sees a pullback in the weeks ahead. That’s based on the September 20 $47.50 puts. With 22 days until expiration, 10,897 contracts traded compared to a prior open interest of 248, for a 30-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. General Motors shares ...
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This Leading Green Energy Play Could Prove an Election Winner
Most green energy stocks have been out of favor with the market over the past few years, thanks to low conventional energy prices. But with the prospect of a renewed interest in green energy and the upcoming election, these stocks may find support. In the green energy space, only a handful of players have been able to thrive on their own. One of them is a major play on the continued rollout of solar energy. That leader is First Solar (FSLR). It’s ...
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Insider Activity Report: Carriage Services (CSV)
Charles Fargason, a director at Carriage Services (CSV), recently bought 3,000 shares. The buy increased his holdings by 14%, and came to a total cost of $94,300. The buy came a few weeks after the company CEO bought 2,000 shares, paying $58,800 to do so. Other Carriage insiders this year have been sellers of shares, largely at the VP level. The sales have been a mix of stock option exercises, and regular sales of shares. Overall, Carriage insiders own 16.7% of ...
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Unusual Options Activity: Huntsman Corporation (HUN)
Specialty chemical company Huntsman Corporation (HUN) is down 20% over the past year, but has been trending higher over the past few weeks. One trader sees shares trending higher over the coming weeks. That’s based on the September $23 calls. With 23 days until expiration, 9,086 contracts traded compared to a prior open interest of 138, for a 66-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. Huntsman shares recently traded for ...
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Slow and Steady Results Make this Company a Long-Term Buy
Markets are quick to reward fast-growing companies, at least until that growth stops. Companies that have a more slow-and-steady approach tend to get overlooked. But over time, their returns can equal that of a growth company, with far less volatility. Given how markets are pushing to all-time highs on the back of growth stocks, now may be the ideal time to look for more steadier stocks that can keep delivering, no matter what happens in the economy. One sector that tends to ...
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Insider Activity Report: Madison Square Garden Entertainment Corp (MSGE)
Frederic Salerno, a director at Madison Square Garden Entertainment Corp (MSGE), recently bought 5,000 shares. The stake cost $206,250, and increased his position in the stock by 40%. This marks the first insider buy since June 2023, when a major holder bought 422,580 shares for about $10 million. Otherwise, company insiders, mostly the CEO, have been sellers of shares over the past two years, usually selling multiple millions of dollar’s worth of shares per transaction. Overall, MSGE insiders own 3.2% of ...
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Unusual Options Activity: KeyCorp (KEY)
Regional bank KeyCorp (KEY) is up over 50% in the past year, nearly double the returns of the overall stock market. One trader sees shares heading even higher in the coming weeks. That’s based on the September 20 $17.50 calls. With 24 days until expiration, 7,355 contracts traded compared to a prior open interest of 115, for a 64-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. KeyCorp shares recently traded for ...
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