Trading Tips Blog

Charles Denson, a director at Funko Inc. (FNKO), recently bought 99,300 shares. The buy increased his stake by over 115 percent, and came to a total purchase price of just over $1.7 million. This marks the first insider buy since August, when a fund with a major ownership stake added to their holdings. Otherwise, company insiders, including both directors and company insiders, have been large sellers of shares. Overall, insiders own about 14 percent of company shares. Insider sellers have been missing ...
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Shares of cryptocurrency mining company Riot Blockchain (RIOT) have been sliding along with the price of Bitcoin the past few months. However, one trader sees shares moving far higher in the next year. That’s based on the January 2023 $85 call. With 393 days until expiration, 3,845 contracts traded compared to a prior open interest of 197, for a 20-fold rise in volume. The buyer of the calls paid $3.45 to make the trade. Shares last traded near $22.50. The $85 strike ...
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The pandemic has helped fuel more gains in the tech space, but many sectors still remain well off their pre-pandemic highs, particularly in the travel and tourism sector. One such company, the largest in its industry, is navigating the latest Covid variant fears with an optimistic look that things could even be back to their pre-pandemic levels by next summer. The company? Carnival Corporation (CCL). The company has been at the center of on-again/off-again Covid news, as cruise lines were shut down ...
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Baker Bros Advisors LP, a major holder and director at Incyte Corp (INCY), recently added 1,595,519 shares to their holdings. The buy came to a total purchase price just under $115.6 million, and is a rough doubling of the fund’s holdings in the company. This represents the first insider buy since February, when the company president bought $1 million in company shares. Otherwise, company insiders have generally been regular and steady sellers over the past year. Overall, insiders own about 1.5 ...
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Shares of bank Wells Fargo (WFC) have been trending sideways for the past several months, with a few mild drops followed by a gradual recovery. One trader sees the possibility for a big drop in the next two years. That’s based on the January 2024 $27.50 puts. With 760 days on the clock until expiration, 5,001 contracts traded against a prior open interest of 138, for a 36-fold jump in volume. The buyer of the calls paid $1.51 to make the ...
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Investors who buy a company ahead of its acquisition or merger with another company can typically earn some great windfall profits. However, the acquiring company can sometimes be a buy. If it’s an industry leader, and the acquisition makes sense for its overall brand portfolio, the deal can likely add tremendous value over time. In some cases, however, an acquisition might not make sense, but in either event, shares of the acquiring company may drop on the news. Case in point? Oracle ...
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Richard Anderson, a director at Medtronic PLC (MDT), recently picked up 5,010 shares. The buy increased his stake by 4.5 percent, and came to a total price just over $517,000. This marks the first insider buy at the company since October 2020. Generally, insiders have been large and consistent sellers of shares, but have found some insider buying when shares have either recently dropped or look poised to move higher. Overall, insiders own a scant 0.2 percent of shares. Shares of the ...
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Shares of retailer Walmart (WMT) have been rangebound over the past month as concerns over the economy have weighed on what’s usually a great time seasonally for retailers. One trader sees the possibility for a move higher in the coming weeks. That’s based on the January $140 calls. With 24 days left until expiration, over 7,019 contracts traded compared to an open interest of 155, for a 45-fold surge in volume. The buyer of the calls paid $3.80 to make the ...
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