Insider Trading Report: PayPal Holdings (PYPL)
Enrique Lores, a director at PayPal Holdings (PYPL), recently picked up 1,100 shares. The buy increased his stake by over 26 percent, and came to a total cost of just under $97,000. This follows up on a number of insider buys since late 2021. Company insiders have been exclusively sellers in the two years before that timeframe. The more recent insider buys have included directors and company executives as shares have substantially dropped from their highs. Overall, insiders own 0.2 percent of ...
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Unusual Options Activity: Wells Fargo Company (WFC)
Shares of megabank Wells Fargo Company (WFC) have lost over one quarter of their value since February. One trader sees room for a continued downtrend in the coming weeks. That’s based on the June 10th $44 puts. With 31 days until expiration, 11,374 contracts traded compared to a prior open interest of 143, for an 80-fold increase in volume on the trade. The buyer of the puts paid $1.87 to bet on a further drop in shares. Shares recently traded around ...
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Growing Consumer Goods Companies Look Like a Market Safe-Haven Now
Stocks are closing in on a bear market, as rising inflation seems to be out of control, even with the Federal Reserve hiking interest rates. However, some areas of the market are holding up well. A few consumer goods companies are able to see solid growth and revenue, while also passing off higher costs to consumers. These companies tend to hold up well in down markets, even though they don’t get much respect during a stock market rally. The perfect example of ...
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Insider Trading Report: B. Riley Financial (RILY)
Randall Paulson, a director at B. Riley Financial (RILY), recently added 10,000 shares. The buy increased his holdings by nearly 6 percent, and came to a total price of just under $485,000. This adds to a number of recent insider buys, including multiple buys from the company Chairman and Co-CEO over the past few months. And going back three years, insiders have only been buyers at the company. Overall, company insiders own 36.7 percent of shares. The stock is down nearly 25 ...
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Unusual Options Activity: Block (SQ)
Shares of payment company Block (SQ) have been in a sharp downtrend with other tech names in the past few months. One trader sees that trend continuing indefinitely. That’s based on the December $90 puts. With 221 days until expiration, 1,329 contracts traded against a prior open interest of 109, for a 12-fold rise in volume. The buyer of the puts paid $18.20 to get into the trade. The stock last went for around $100 per share, so it would need to ...
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This Unusual Commodity Is Set for a Great Few Years, No Matter What the Economy Does
Commodities have been in a bull market for some time. But with oil prices well off their highs, and with precious metals failing to break higher even with high inflation rates, prices have moderated somewhat. But some commodities have stronger fundamentals, especially in the years ahead. The metals space is one area, as a recovering global economy has greater demand for these commodities than the current supply. One such commodity is lithium. Critical for rechargeable batteries in everything from cell phones to ...
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Insider Trading Report: Intel (INTC)
David Zinsner, CFO at Intel (INTC), recently picked up 5,550 shares. The buy increased his holdings by 166 percent, and came to a total price of just over $246,000. The buy comes one day after the company CEO, Patrick Gelsinger, also picked up 5,500 shares, a buy that increased his stake by nearly 4 percent. Insiders last bought shares following the company’s earning in February. And late 2021 saw a flurry of insider buys that bucked the usual trend of tech insiders ...
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Unusual Options Activity: The Walt Disney Company (DIS)
Shares of entertainment giant The Walt Disney Company (DIS) have been sliding in recent months. One trader sees a further decline in the days ahead. That’s based on the May 20th $108 puts. With 14 days until expiration, 5,340 contracts traded compared to a prior open interest 156, for a 34-fold increase in volume on the trade. The buyer of the puts paid $1.71 to bet on a further decline in shares. Shares last traded around $116, so they would need to ...
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