Insider Trading Report: Fisker (FSR)
Mark Hickson, a director at Fisker (FSR), recently picked up 44,900 shares. The buy increased his stake by 259 percent, and came to a total purchase price just over $983,000. The buy comes a day after another director picked up 11,359 shares, paying nearly $248,000, and the day before that a third director bought 1,175 shares, paying just under $25,000. Prior to that, some company insiders including a major holder, have sold shares. Insiders own roughly 3.2 percent of the electric ...
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Unusual Options Activity: Advanced Micro Devices (AMD)
Shares of chipmaker Advanced Micro Devices (AMD) have been on a tear, roughly doubling over the past six months. With the rate of returns increasing, one trader is betting on a further move higher in the next few days. That’s based on the December 3 $190 call options. With 11 days until expiration, over 3,050 contracts traded, a 28-fold rise in volume from the prior open interest of 110 contracts. The buyer of the calls paid $0.47 for the trade. Shares trade ...
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This Industry-Leading Payment Platform Looks Oversold
While the stock market is still near all-time highs, a number of companies haven’t gone along for the ride, with a peak earlier in the year, even as those companies have performed well operationally. Among the surprising “off the peak” stocks out there, payment company Visa (V) has joined the list, shedding nearly 5 percent on Wednesday and down nearly 20 percent from its 52-week high. Shares of the credit card payment company, one of the biggest players in a highly-profitable oligopoly, ...
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Insider Trading Report: USA Compression Partners LP (USAC)
Bradford Whitehurst, a director at USA Compression Partners LP (USAC), recently bought 3,500 shares. The buy represents an initial stake for the director, and came to a total purchase price of just under $52,000. This marks the first insider buy at the company since January, when a company director as well as the President and a Vice President picked up shares. There was also an insider sale in late 2020, otherwise, company insiders haven’t been too active. Overall, company insiders own ...
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Unusual Options Activity: Target (TGT)
Shares of retail giant Target (TGT) dropped earlier this week despite a solid earnings report. One trader sees the likelihood that shares will recover from the drop and start moving higher. That’s based on the December 31 $270 calls. With 42 days until expiration, over 2,070 contracts traded, an 18-fold rise in volume from the prior open interest of 116. The buyer of the calls paid $3.33 to make the trade. With shares around $255, the stock would need to rise $15, ...
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Supply Chain Issues Aside… Consumers Are Back for the Holidays
The week has started off with some numbers showing that consumers are spending at an increased rate going into the holiday season. And the third-quarter earnings of retailers are showing solid numbers too. WalMart (WMT) has joined in by reporting higher estimates for the fourth quarter of the year with its most recent earnings report. While shares sold off despite a beat in earnings and revenues, they may yet trend higher. There will still likely be some concerns over the company’s ...
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Insider Trading Report: SmartRent (SMRT)
Bruce Strhom, a director at SmartRent (SMRT), recently picked up 10,000 shares. The buy increased his holdings by 50 percent, and came to a total purchase price of $110,000. This is the director’s third buy in the past three months. The prior two buys were also for 10,000 shares each, albeit at slightly higher prices. These three buys mark the only insider activity since the company went public earlier in the year. Overall, insiders at the company own over 41 percent ...
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Unusual Options Activity: Hilton Worldwide Holdings (HLT)
Shares of hotel chain Hilton Worldwide Holdings (HLT) have been gradually rising over the past year. One trader is betting that the steady move higher will continue over the next year. That’s based on the January 2023 $150 calls. With 428 days until expiation, 8,790 contracts traded against a prior open interest of 155, marking a 57-fold jump in volume. The buyer of the calls paid $16.15 for the trade. With shares around $142, the option will move in-the-money on less than ...
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