Insider Trading Report: Charles Schwab Corp (SCHW)
Walter Bettinger, CEO at Charles Schwab Corp (SCHW), recently picked up 36,640 shares. The buy increased his holdings by just over 12 percent, and came to a total price of just over $2.5 million. This marks the first insider buy at the company going back to February, 2021. Company insiders, from C-suite executives and the company chairman, as well as a few directors, have been sellers of shares over the past two years as the stock has more than doubled. Overall, Read More About This
Unusual Options Activity: Cantaloupe (CTLP)
Shares of unattended retail market payment and software provider Cantaloupe (CTLP) have shed nearly half their value in the past year. One trader is betting on a strong rebound in the coming months. That’s based on the September $7.50 calls. With 141 days until expiration, 21,673 contracts traded compared to a prior open interest of 464, for a 47-fold rise in volume on the trade. The buyer of the calls paid $0.32 to get into the position. Shares recently went for just ...
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Stick With Recession-Resistant Companies that Are Performing Well Now
Most stocks follow the overall market. When stocks are rising, even poorly-managed companies can go along for a rally. And when stocks are falling, even great companies can get sold off as well. Right now, only a handful of companies are performing well in today’s markets. Some of those are commodity plays, others are companies capable of growing no matter what the overall economy does. One such company is the Coca-Cola Company (KO). The beverage giant has some issues with supply chain ...
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Insider Trading Report: Xerox Holdings Corp (XRX)
Carl Icahn, a major owner of Xerox Holdings Corp (XRX), recently added 2,130,423 shares to his holdings. The buy increased his stake by 6.6 percent, and came to a total price of just over $36.3 million. This marks the first insider transaction of the year. Over the past two years, company insiders have generally been sizeable buyers of shares on a regular basis, with only one insider sale in that timeframe. Overall, company insiders, not including major owners like Icahn, own ...
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Unusual Options Activity: Fortress Transportation and Infrastructure Investors LLC (FTAI)
Shares of rental and leasing service company Fortress Transportation and Infrastructure Investors LLC (FTAI) have been sliding over the past year. However, one trader sees the potential for a move higher in the coming months. That’s based on the June $28 calls. With 51 days until expiration, 3,592 contracts traded compared to a prior open interest of 123, for a 29-fold rise in volume on the trade. The buyer of the calls paid $0.70 to get into the trade. Shares recently ...
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Stay Focused on Industry Leaders that Can Pass on Inflation
A company can either pass on inflation to its customers, or it can’t. If a company offers a product or services with inelastic demand, chances are that company won’t feel the worst of the multi-decade-high inflation rates right now. Companies can pass on inflation through a variety of ways. One is shrinkflation, where it simply lowers its content size and keeps the price the same. Or a company may benefit from higher prices because they simply collect a percentage of assets ...
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Insider Trading Report: Rocket Companies (RKT)
Jay Farner, CEO at Rocket Companies (RKT) continues to buy. On Friday of last week, he picked up 43,600 more shares, increasing his stake by 2.2 percent. The buy came to a total of just under $400,000. That’s on top of similarly-sized buys last Wednesday and Monday as well. The CEO has been a steady buyer since late March, and has increased his overall holdings from over 1.7 million shares to just over 2.01 million. Overall, insiders at the company own Read More About This
Unusual Options Activity: Adobe (ADBE)
Publishing software company Adobe (ADBE) has been sliding well off its peak. One trader sees the potential for a strong rebound in the months ahead. That’s based on the July $575 calls. With 80 days until expiration, 1,405 contracts traded compared to a prior open interest of 110, for a 13-fold rise in volume on the trade. The buyer of the calls paid $0.90 to get in. Shares recently traded just under $410, so they would need to rise $165, or about ...
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