Trading Tips Blog

What’s old can often be new again in tech. Case in point? International Business Machines (IBM). The tech giant is starting to show some signs of life as it pivots away from computer mainframes and more towards software and services. That allowed the company to see a 3 percent rise in revenue compared to a year ago. Compared to its history of losses over the past few years, it looks like a start in the right direction. However, despite those solid ...
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David Benck, General Counsel at Hibbett Inc (HIBB), recently picked up 2,000 shares. The buy increased his stake by 33 percent, and came to a total purchase price of just over $175,000. He was joined by the company’s CIO, who bought 2,200 shares, paying out just over $197,000 at the same time. Another insider was also a buyer in late June. Company insiders have been active as sellers as well, as all insider trades were sales, even at a lower share price ...
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Shares of hotel chain Hilton Worldwide Holdings (HLT) have been trading in a range over the past few months. One trader is betting that when shares do break out of their range, it will be higher. That’s based on the January 2023 $130 calls. With a whopping 548 days until expiration, over 6,250 contracts traded against a prior open interest of 142, for a 44-fold rise in volume. The buyer of the contracts paid about $14.70. Shares last traded around $117, so ...
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Wall Street loves nothing more than a good rumor. Rumors about a potential merger often involve multiple companies. That includes the two companies that might merge, as well as any competitors or big institutions that might be investing. Last week, a rumor broke that Intel (INTC) is looking to buy GlobalFoundries, a privately held firm. If that’s the case, shares might end up going on a winning streak once again. That’s because GlobalFoundries is a big player in manufacturing semiconductors, which would ...
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Daniel Loeb, a major holder at SentinelOne (S), recently picked up another 200,000 shares. The buy increased his stake by just over 10 percent, and came to a total price of just under $9 million. This follows up on his initial buy earlier in the month of just under 2 million shares, an $81.1 million commitment. One other large fund has also been a buyer in the past month. This marks all insider transactions since the company went public in ...
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Shares of department store chain Nordstrom (JWN) have been trading in a range year-to-date. Shares now trade at the lower end of that range, and one trader is betting on a move higher. That’s based on the August $32.50 calls. Over 8,975 contracts traded, an 84-fold jump in volume over the prior open interest of 107. The buyer of the calls paid about $2.19 to make the trade. With shares currently around $32.70, the option is an at-the-money trade, and could deliver ...
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Shares of GameStop (GME) dropped heavily last week, adding to weeks of sagging since its last earnings report. One potential culprit? Netflix (NFLX), which announced that it hired a former executive from the video game space to develop video games for the streaming giant. Shares of both companies ended up falling the day the news was announced. Many analysts have questioned the move, given the high development costs of video games from scratch. With rising competition in the streaming space, it’s ...
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Michael Mathews, CEO of Aspen Group (ASPU), recently bought 10,000 shares. The buy increased his stake by more than 1 percent, coming to a total value of $58,000. He was joined by the company COO, who made a 2,000 share buy the day before, totaling nearly $12,000, and a director buy totaling 4,000 shares as well. Overall, company insiders own 6.2 percent of company shares. These trades mark the first insider buys since last March. Prior to that, company executives have ...
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