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Insider Trading Report: Western Alliance Bancorp (WAL)

Kenneth Vecchione, President and CEO of Western Alliance Bancorp (WAL), recently added 5,600 shares to his holdings. The buy increased his stake by nearly 2 percent, and came to a total price of just over $548,000. He was also joined by the company CFO, who picked up 5,000 shares for nearly $499,000. Another insider picked up 200,000 shares back in September, but otherwise, company insiders have generally been sellers over the past three years. Overall, company insiders own about 2.8 percent ...
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12295

Unusual Options Activity: Redwire Corporation (RDW)

Shares of space infrastructure company Redwire Corporation (RDW) have lost over half their value in the past three months. One trader sees the possibility for a strong rebound in the next few weeks. That’s based on the March $7.50 calls. With 38 days until expiration, 6,988 contracts traded compared to a prior open interest of 156, for a 45-fold increase in volume. The buyer of the calls paid $0.38 to make the trade. With shares last trading around $5.60, the stock would ...
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12285

This Down-and-Out Player Has More Room to Run on Its Successful Turnaround

Turnaround opportunities can be tough for investors, as many turnaround plays often fail to, well, turn around. However, when a company does manage to pull it off, it can beat the market for years as it regains lost market share, and potentially even grows into new markets and new heights. That can be incredibly rewarding for investors. While those who got in at the start may fare best, those who wait to see a successful turnaround can earn great returns too. The ...
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12286

Insider Trading Report: Microsoft (MSFT)

Emma Walmsley, a director at Microsoft (MSFT), recently bought 3,300 shares. The buy increased her stake by nearly 60 percent, and came to a total price of just over $1 million. This is the first insider buy at the tech conglomerate in nearly a year. over the past three years, company insiders, who are beneficiaries of stock options, have been regular sellers of shares, even as the stock has continued to soar higher. Overall, insiders own 0.06 percent of the company. The ...
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12289

Unusual Options Activity: PayPal (PYPL)

Shares of payment processing firm PayPal (PYPL) shed nearly a quarter of their value on Wednesday after the company missed earnings by a penny and lowered on guidance. However, one trader sees shares as immediately oversold in the short term. That’s based on the February 18 $140 calls. With 14 days until expiration, 9,173 contracts traded against a prior open interest of 156, for a 59-fold jump in volume. The buyer of the calls paid $3.60. Shares were knocked down to ...
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12281

This Big Tech Play Has Finally Unlocked a Way to Rally

Most investors have figured out that a few large tech companies dominate not just corporate America, but stock returns as well. Some of those players have been runaway winners in recent years, although there have been a few laggards. Part of the problem? High overall prices. Retail investors may only be able to buy 1 or 2 shares of a tech dominator when it’s priced at thousands per share. The solution? A stock split. Alphabet (GOOG), parent of Google, is doing just ...
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12283

Insider Trading Report: Netflix (NFLX)

Reed Hastings, Co-CEO of Netflix (NFLX), recently picked up 51,440 shares. The buy increased his holdings by just over 1 percent, and came to a total purchase price of $20 million. This marks the first insider buy at the streaming entertainment giant since mid-2019. Over the past three years, company insiders have been regular sellers of shares, although the last insider sale was back in November before shares shed over one-third their value. Overall, company insiders own just over 1.5 percent ...
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12284

Unusual Options Activity: Grocery Outlet Holding Corp (GO)

Shares of Grocery Outlet Holding Corp (GO) have been trending down over the past year, but have shown some signs of life in recent weeks. One trader sees the possibility for a rebound ahead. That’s based on the May $35 calls. With 105 days until expiration, 4,554 contracts traded compared to a prior open interest of 109, for a 42-fold jump in volume on the trade. The buyer of the calls paid $0.38 to get into the trade. With the stock Read More About This
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