14157

In this Market, Finding Big Savings Can Translate Into Big Profits

Ultimately, companies exist to provide a product or service that satisfy the needs of their customers. Sometimes, that need is simply to find a way to do more with the same… or less. That’s why companies that drive innovations can be big winners over time. Customers flock towards services that can provide cost savings. And that can translate into big profits for the companies that are providing that innovation. Following where the investments in money-saving ideas go can lead to those ...
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14159

Insider Trading Report: Petco Health & Wellness Company (WOOF)

Ron Coughlin, CEO at
Petco Health & Wellness Company (WOOF), recently bought 61,040 shares. The buy increased his stake by 11 percent, and came to a total purchase price of $504,800. This marks the first insider buy in over 14 months. Insiders have generally been buyers of shares over the past two years, although largely between 2021 and January 2022. There have been two small sales by one insider over the past year. Overall, company insiders own 65.1 percent of shares. The pet ...
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14161

Unusual Options Activity: MetLife (MET)

Insurance giant
MetLife (MET) is down 22 percent over the past year, lagging the S&P 500. One trader sees the company continuing to slide even lower. That’s based on the September $42.50 puts. With 168 days until expiration, 3,004 contracts traded compared to a prior open interest of 109, for a 28-fold rise in volume on the trade. The buyer of the puts paid $1.18 to make the downside bet. With shares trading at about $56.50, the stock is still within 10 ...
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14153

Buy Assets When They’re Out of Favor

The market drop that started over a year ago has morphed into fears into specific sectors, such as banking. But other industries have likewise dropped to the point where investors can buy $1.00 in assets for less than $1.00. One measure of a company’s assets is its book value, or the value of its assets per share. Investors may be able to buy up bank shares for far less than book value right now – but that book may include non-performing ...
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14154

Insider Trading Report: Dollar General (DG)

Timothy McGuire, a director at
Dollar General (DG), recently bought 3,550 shares. The buy increased his holdings by 47 percent, and came to a total cost just over $717,000. This marks the first insider buy at the retail chain in over two years. Company insiders have been sellers of shares otherwise, nearly entirely after the exercise of stock options. That includes the company CEO and CFO, among others. Overall, Dollar General insiders own about 0.5 percent of shares. The retailer is down about ...
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14155

Unusual Options Activity: Alibaba (BABA)

Chinese tech giant
Alibaba (BABA) soared on Tuesday, amid news that the company would break into six separate companies. One trader sees further upside ahead as those plans move forward. That’s based on the August $125 calls. With 140 days until expiration, 9,704 contracts traded compared to a prior open interest of 262, for a 37-fold rise in volume on the trade. The buyer of the calls paid $4.75 to get in. Shares recently traded for about $99, so the stock would need ...
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14147

Pick Up Suppliers In a Weak Economy

During a market pullback, investors tend to gravitate towards well-known companies with strong brands. Many of those companies, in turn, do what they do thanks to a strong network of suppliers. That can include anything from providing raw commodities to nearly-finished goods. Since these companies aren’t as well known, they tend to sell off during a market downturn, and then can benefit proportionately from the market rebound. So it’s no surprise that some analysts may be targeting them for big returns ...
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14149

Insider Trading Report: Comstock Resources (CRK)

Roland Burns, CFO at
Comstock Resources (CRK), recently bought 20,000 shares. The buy increased his holdings by 2 percent, and came to a total cost just under $199,000. The buy comes about a week after the company’s VP of Financial Reporting bought 5,000 shares, paying $50,400. And Comstock’s VP of Operations bought 20,000 shares for $201,000. That’s on top of other insider buys going back to last August. There have been no insider sales in the past year. Overall, insiders own 55 ...
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