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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Unusual Options Activity: Range Resources Corporation (RRC)
Shares of oil and gas exploration company Range Resources Corporation (RRC) have been steadily rising over the past year. One trader sees that trend continuing through the rest of the year. That’s based on the January 2023 $40 calls. With 297 days until expiration, 6,378 contracts traded compared to an open interest of 224, for a 28-fold jump in volume. The buyer of the calls paid $4.90 to get into the trade. Shares of the company recently went for about $31.50, so ...
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For Market-Beating Returns, Consider This Alternative Strategy Instead
When it comes to investing in a bull market, traders often go for big growth names. As we’ve seen with market selloffs, that can be a big problem on a pullback, as those high-growth names get knocked down the most. Traders might instead want to consider a different tack, and embrace companies that have low volatility. They may be slower to gain over time, but they’re also likely to hold their own as a defensive play when markets get volatile. One Read More About This
Insider Trading Report: Exelon Corp (EXC)
William Bowers, a director at Exelon Corp (EXC), recently picked up 4,500 shares. The buy increased his stake by 352 percent, and came to a total price of just over $196,000. This marks the first insider buy at the company since May 2017, nearly five years ago. Company insiders have been regular sellers of shares at small intervals, with the last sale occurring back in January. Overall, company insiders own 0.2 percent of shares. The diversified utility play has soared 41 percent ...
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Unusual Options Activity: Intel (INTC)
Shares of chipmaker Intel (INTC) have been trading in a range over the past year, with the stock price currently on the uptrend. One trader sees that move continuing in the next few weeks. That’s based on the April 22 $55 calls. With 25 days until expiration, 29,053 contracts traded compared to a prior open interest of 174, for a staggering 177-fold jump in volume on the trade. The buyer of the calls paid $0.66 to enter. The stock recently pushed to ...
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Pick Up This “Third Time’s the Charm” Brand Giant Today
Companies constantly need to reinvent themselves to stay competitive. Sometimes, a change of management can break the stale company culture and breathe new life into a company. However, sometimes new management may stray too far, or, worse, not make new big and bold change to move the needle. When new management comes along, traders may not always know what they’re going to get. But when a former manager comes back to a company, it can sometimes lead to resurgent growth and ...
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