Insider Activity Report: Terex Corp (TRX)
David Sachs, a director at Terex Corp (TRX), recently bought 10,000 shares. The buy increased his stake by 2%, and came to a total cost of $569,800. This is the first insider buy since August, when another company director bought 2,205 shares, paying $119,864. One company insider has been a seller recently, a division president who sold off nearly 10% of his stake for just over $1 million. Going further back, insiders were more likely to be sellers. Overall, ...
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Unusual Options Activity: Taiwan Semiconductor (TSM)
Chip manufacturer Taiwan Semiconductor (TSM) is up 96% over the past year, nearly triple the return of the overall stock market. One trader sees shares continuing higher in the weeks ahead. That’s based on the December 13 $200 calls. With 29 days until expiration, 19,727 contracts traded compared to a prior open interest of 310, for a 64-fold rise in volume on the trade. The buyer of the calls paid $5.25 to make the bullish bet. TSM shares recently traded for about ...
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The AI Infrastructure Play Still Has More Room to Run
With stocks breaking out to new all-time highs, the play that kicked off the current market rally over two years ago, AI, remains strong. But investors are breaking out beyond chip plays to other aspects of the AI rollout. That includes everything from hardware such as server racks, to data centers, to the land, electricity, and copper needed to build the physical infrastructure of today’s most-advanced software. With so many avenues open, investors still have plenty of ways to profit. For instance, ...
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Insider Activity Report: Noble Corp (NE)
Apmh Invest, a major holder of Noble Corp (NE), recently bought 1,330,000 shares. The buy increased the fund’s position by 5%, and came to a total cost of $46,104,795. The fund was the last buyer with a 638,018 share pickup in July, increasing their position by 2%, at a cost of just over $28.9 million. The company CFO was also a buyer of nearly $100,000 back in March. Overall, Noble Corp insiders own 19.8% of shares. The oil and gas drilling company ...
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Unusual Options Activity: Pitney Bowes (PBI)
Mailing and logistics firm Pitney Bowes (PBI) is up 93% over the past year, more than double the returns of the S&P 500. One trader sees more upside ahead over the coming weeks. That’s based on the December 13 $9 calls. With 30 days until expiration, 27,755 contracts traded compared to a prior open interest of 120, for a 231-fold rise in volume on the trade. The buyer of the calls paid $0.19 to make the bullish bet. Pitney Bowes shares recently ...
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This Rallying Play on Law Enforcement Has More Energy Left
One of the big winners of the 2024 election? Law enforcement. From the election of pro-law enforcement Donald Trump to state referendums to get tougher on crime, it’s clear that personal defense could play a big role. It’s also a sign that law enforcement will get more funding for its various activities. That could benefit just a handful of companies that supply law enforcement. That may be why Axon Enterprise (AXON) may be on a tear. Best known for manufacturing TASER brand ...
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Insider Activity Report: HF Sinclair Corp (DINO)
Timothy Go, President and CEO of Sinclair Corp (DINO), recently bought 2,500 shares. The buy increased his stake by 1%, and came to a total cost of $99,923. The buy comes a few days after a company director bought 5,000 shares, paying $193,775. Going back over the past two years, there has been a mix of insider buys and sells, with sellers generally having the upper hand. However, most of those sales occurred over $50 per share. Overall, Sinclair insiders own ...
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Unusual Options Activity: U.S. Steel Corporation (X)
Steel producer U.S. Steel Corporation (X) is up 22% over the past year. Shares have trended higher amid acquisition discussions. One trader sees shares pulling back over the next few weeks. That’s based on the December 20 $32 puts. With 37 days until expiration, 4,806 contracts traded compared to a prior open interest of 116, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.15 to make the bearish bet. U.S. Steel recently traded for about ...
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