Trading Tips Blog

The semiconductor chip shortage has led to a number of companies both rise and fall over the past few months. Now, memory-related chips are starting to see a strong rally, even holding its own as other tech stocks have dipped in the past few days. The move higher may continue, as analysts are starting to upgrade these companies on their strong potential in the next few quarters as well. One potential winner in the space is Micron (MU). The memory chip maker ...
Read More About This

Sandeep Mathrani, CEO of WeWork (WE), recently bought 29,600 shares. The buy increased his stake by 1.7 percent, and came to a total price of just over $250,000. This marks the first insider activity since the company went public earlier in the year. Overall, insiders own about 2.3 percent of WeWork, which went public via a special purpose acquisition company, or SPAC in October. The work colocation company was originally set to be one of the largest IPOs a few years back, ...
Read More About This

Shares of telecom company Lumen Technologies (LUMN) jumped higher at the start of November, reversing a downtrend in place since April. One trader sees the rally continuing in the months ahead. That’s based on the June 17 $20 call options. With 202 days left on the trade, over 3,965 contracts traded hands, a 31-fold jump in volume from the prior open interest of 128. The buyer of the calls paid $0.30 to make the trade. Shares recently traded just under $14, so ...
Read More About This

The Internet of Things (IoT) tech trend is one of many such tech trends investors point to as signs of a big opportunity in tech investments over the next decade. IoT looks particularly attractive as it means the interconnectedness of a number of technologies today, even if the trend as a whole may not sound as exciting as, say, electric vehicles or cryptocurrencies. Any company that can play to this trend can likely earn a profit over the next few years. But ...
Read More About This

Steven Murray, a director at DraftKings (DKNG), recently picked up 10,000 shares. The buy increased his stake by over 55 percent, and came to a total purchase price of just over $366,000. This is the third director to buy in as many days, following two other insider buys last week. One director bought 7,000 shares, the other 50,000. All told, company insiders have bought over $2.5 million in recent days, marking the first buys since the firm went public. Overall, insiders own ...
Read More About This

Shares of pharma company Dicerna Pharmaceuticals (DRNA) soared higher one week ago following a buyout offer of $38.25 per share. One trader sees the potential for a higher offer in the works in the coming weeks. That’s based on the January $40 calls. With 57 days until expiration, over 9,365 contracts traded, an 84-fold jump in volume from the prior open interest of 112. The buyer of the calls paid $0.15 to make the trade. Shares closed just under $38, indicating ...
Read More About This

The only constant in the world is change. Companies that have been around for decades or even over a century are ones that need to adapt to the times to survive and thrive. For some industries, this change can be quickly driven by technologies and competition. In others, regulatory changes can play a big role as well. Increased environmental regulations in the past few years ensure that even a stodgy industry like utilities have to change as well. Utility provider Dominion Energy ...
Read More About This

David Wichmann, a director at Boston Scientific Corp (BSX), recently picked up 25,000 shares. The buy increased his stake by 100 percent, and came to a total purchase price of just under $1.05 million. This action constitutes the sole insider buy of the past three years. Company insiders have largely been sellers, particularly among executives, who are also likely selling off shares acquired as stock options. Overall, company insiders own 0.2 percent of shares. The medical equipment designer and manufacturer has taken ...
Read More About This