Trading Tips Blog

Kevin Weil, a President of product and business at Planet Labs (PL), recently bought 165,580 shares. The buy increased his holdings by over 15 percent, and came to a total purchase price of just over $995,000. This is the second recent buy from insiders, as a company director bought 36,785 shares valued at over $245,000 the week before. These two buys constitute the only insider activity since the company went public. Overall, insiders own about 14 percent of company shares. The company ...
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Shares of gold mining firm Newmont Mining (NEM) have been range-bound over the past few months. One trader sees the company moving back down to the lower end of its range in the next few weeks. That’s based on the February $52.50 put. With 56 days until expiration, 6,930 contracts traded against a prior open interest of 295, for a 23-fold rise in volume. The buyer of the puts paid $0.88 to make the trade. Overall, shares are down about 2 ...
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While uncertainty has been weighing on the stock market, great companies can continue to deliver, no matter what the economy or latest fears are doing. Quality results and returns speak for themselves. It’s even easier when a company has strong demand for its products and is a leader in its industry. That makes it ideal to buy during periods of market fears. Case in point? Nike (NKE). The sports apparel company is continuing to demonstrate that it’s a global powerhouse. In its ...
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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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