Continued Cloud Service Growth Plays Well to this Data Center Player
Companies continue to have growing data storage needs, and cloud services provide a great way to ensure data can be accessed securely while also from anywhere. A number of companies play to this trend, with everything from data centers themselves to companies that offer web hosting services. But the entire technology still remains locked in a world of physical hardware to make it all happen. That fact plays well to a number of hardware players. Memory chip company Micron (MU) has been ...
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Insider Trading Report: UMH Properties Inc (UMH)
Kenneth Quigley, a director at UMH Properties (UMH), recently picked up 1,000 shares. The buy increased his holdings by 7.8 percent, and came to a total purchase price of just under $24,000. This is the second buy from the director this month. Company insiders have been active as both buyers and sellers over the past three years, with a larger number of recent buys and sells alike. Overall, insiders at the company own just under 7 percent of shares. The owner and ...
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Unusual Options Activity: Fidelity National Information Services (FIS)
Shares of banking technology company Fidelity National Information Services (FIS) have been in a steady downtrend over the past year, shedding more than a third of their value. Shares have started to trend up in recent weeks, and now one trader sees further upside ahead. That’s based on the July $140 calls. With 106 days until expiration, 39,195 contracts traded against a prior open interest of 248, for a staggering 158-fold surge in volume. The buyer of the calls paid $0.43 ...
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This Logistics Play Remains Undervalued With Upside Ahead
One key theme of the past two years has been logistics, with an emphasis on supply chains. The world has gone from just-in-time inventory systems to creating a buffer to avoid having to contend with shutdowns stemming from any uncertainty. Companies in the shipping realm have largely benefitted, as the creation of inventories and stockpiling has led to an increased demand to ship goods for storage before use more locally. Adding to that is the overall improving economy, which is also ...
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Insider Trading Report: Sensient Technologies (SXT)
Winder Investment, a major holder at Sensient Technologies (SXT), recently added to their stake with a 18,827 share buy. The purchase increased the fund’s holdings by 0.2 percent, and came to a total price of just over $870,000. That’s on top of another 24 buys from company insiders over the past few years, including both C-suite executives and company directors. And in that same timeframe, company insiders haven’t sold any shares. Overall, insiders at the company own just under 1 percent ...
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Unusual Options Activity: Snap Inc (SNAP)
Shares of social media company Snap Inc (SNAP) have been trying to break out of a downtrend in recent weeks. One trader sees a moderate move higher in the next few days. That’s based on the April 8th $40 calls. With 9 days until expiration, 8,050 contracts traded compared to a prior open interest of 148, for a 54-fold surge in volume on the trade. The buyer of the calls paid $0.44 to make the buy. Shares lased traded just over $36, ...
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Finding the Best Value in a Former Growth Trend
One of the best growth trends of the last decade was in streaming services. Starting as an ancillary platform for viewing shows online, a number of companies embraced the model. Many even started producing their own original content, and now top streaming companies are having their original productions nominated for –and winning—Oscars. But since Netflix (NFLX) proved it was a viable model, other media companies scrambled to create their own services leading to competition and slower growth. With the big growth gone, ...
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Insider Trading Report: Agree Realty Corporation (ADC)
Joey Agree, President and CEO of Agree Realty Corporation (ADC), recently picked up 1,560 shares. The buy increased his holdings by 0.3 percent, and came to a total purchase price of just over $100,000. That followed up on a buy he made the day before, for 1,749 shares at a cost of just under $112,000. Over the past three years, a number of company insiders have been buyers, with the last insider sale occurring back in June 2020. Overall, company insiders ...
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