Trading Tips Blog

Michael Kerr, a director at EOG Resources (EOG), recently bought 50,000 shares. The buy increased his stake by nearly 47 percent, and came to a total purchase price of $4.3 million exactly. This marks the first insider buy at the company in the past three years. Company insiders have typically been sellers of shares. The sales have been clustered by company executives, and appears to be based on the exercise of stock options. Company insiders own just 0.4 percent of shares. Those ...
Read More About This

Shares of auto parts supplier Goodyear Tire & Rubber (GT) have been on a tear this year, more than tripling the returns on the S&P 500. One trader sees that overall trend continuing in the next few days following last week’s market pullback. That’s based on the December 10 $22 calls. With 9 days until expiration, over 5,210 contracts traded against an open interest of 107, for a 49-fold rise in volume. The buyer of the calls paid $0.35 to make ...
Read More About This

As a tech trend, quantum computing, a new and innovative way of processing information much more efficiently than traditional models, comes in and out of favor with investors. That hasn’t stopped a number of startup and old companies alike from working in the space. Yet one company that’s been a recent laggard in tech is now leading the way. And it could lead to a renewed surge in lackluster share prices. The company is International Business Machines (IBM). The tech giant best ...
Read More About This

Sardar Biglari, Chairman & CEO of Biglari Holdings (BH), recently added 28,966 more shares. The buy increased his stake by 2.25 percent, and came to a total cost of just over $4.62 million. Biglari was the most recent buyer as well with a pickup back in August, before shares traded 40 percent higher. He and other insiders have been active over the past three years, with every transaction involving the pickup of shares. Overall, insiders own 0.5 percent of company shares ...
Read More About This

Shares of passenger carrier American Airlines (AAL) dropped nearly 9 percent on Friday, following the announcement of a new Covid variant. One trader is betting on a rebound in the months ahead. That’s based on the June $17 calls. With 198 days until expiration, over 4,690 contracts traded, a 31-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $1.19 to do so. Shares last traded around $17.75, meaning the option is already $0.75 in-the-money, ...
Read More About This

The rise of metaverse networks has the potential to reshape how people interact with each other in digital realms. While a number of companies large and small are investing heavily in the space, a number of existing companies could stand to profit from making a partial pivot into the space. That includes existing media companies, but also hardware companies supplying the key tech to building out the metaverse. One such player for this potential “Web 3.0” universe is a key builder of ...
Read More About This

Charles Bunch, a director at Marathon Petroleum Corp (MPC), recently picked up 1,000 more shares. The buy increased his stake by 3.7 percent, and came to a total purchase price of just under $65,000. This marks the first insider activity since June 2019, when another director bought 12,500 shares. Going back further over the past three years, insiders have generally been buyers, with a few periodic sales from company executives. Company insiders own 0.3 percent of company shares. Shares have surged 56 ...
Read More About This

Shares of cloud communications software company Kaleyra (KLR) have been rangebound over the past few months. However, one trader sees the possibility for shares to move higher in the next few months. That’s based on the May $12.50 calls. With 172 days until expiration, over 7,990 contracts traded compared to a prior open interest of 329, for a 24-fold rise in volume. The buyer of the calls paid $1.180 for the trade. With shares last trading just over $11, the stock would ...
Read More About This