Trading Tips Blog

Video games remain a popular and growing part of the entertainment industry. From small indie studious to giants in the space, the E3 conference, held virtually this year, showed off some of the top developments in the space. Many companies had some announcements regarding the latest games and technologies behind them. Some are even trying to shake up how consumers value their companies compared to competitors. Case in point? Microsoft (MSFT). The software giant’s latest X-box lineup is just a smaller part ...
Read More About This

Since surging to all-time highs over the past year, electric vehicle manufacturer Tesla Motors (TSLA) has seen prices slide, twice hitting a low of around $550 before bouncing higher. One trader sees the potential for another test of that low. That’s based on the July 23 $600 puts. With 39 days until expiration, over 4,230 contracts traded, a 42-fold rise in volume from the prior open interest of 101 contracts. The buyer of the puts paid about $41.30 for the contracts. With ...
Read More About This

Arthur Coviello, a director at FireEye (FEYE), recently picked up an additional 10,000 shares. The buy increased his stake by over 34 percent, and came to a total cost of just over $201,000. This marks the first insider buy at the company in the past three years. Company insiders have been exclusively sellers otherwise, typically by C-level executives. The sales look typical of tech companies that provide extensive stock options for employees. Overall, company insiders own just 2.1 percent of company ...
Read More About This

While most companies have beaten earnings expectations so far this year, a murky outlook or a warning about the costs of inflation have often prevented shares of a company from moving higher. One company just made such a warning. Despite some shortages in key areas, however, it’s shown a strong 32 percent revenue growth, and came out with strong guidance. Yet shares sold off anyway. That company is Chewy (CHWY). Shares peaked in mid-February and are down nearly one-third since then, despite ...
Read More About This

Few companies can claim a title to being able to provide investors with a view of the global economy. Global shipping companies are such companies. They can tell when volume is up or down, determine the impact of changing fuel costs, and other measures. With United Parcel Service (UPS) looking to rebrand, the company is also looking at substantial growth as the global economy continues to recover. The company’s latest revenue estimates are for nearly $102 billion by the end of ...
Read More About This

David Sipes, CEO of 8x8 Inc (EGHT), recently bought 43,000 additional shares. The buy increased his holdings by over 9 percent, and came to a total purchase price of just over $1 million. This is the first buy from a company insider since 2019. Company insiders have generally been sellers of shares, which is typical for technology companies that tend to lavish stock options on executives. Overall, company insiders own about 2.7 percent of company shares. The software-as-a-services (SaaS) provider has seen ...
Read More About This

Shares of for-profit prison firm The Geo Group (GEO) saw a massive jump in shares, with the stock price moving as much as 50 percent higher at times on Wednesday. At least one trader sees further jumps in shares likely in the next week. That’s based on the June 18th $20 calls. Over 12,200 contracts traded against a prior open interest of 110, for a similar 110-fold rise in volume. The buyer of the options paid about $0.23. With shares under $9, ...
Read More About This

The past few years has held the promise of untold riches from a powerful tech trend named 5G. Simply the latest cell network, 5G enables faster processing and download speeds, and a greater network capacity given the rising number of pieces of tech connected to the internet. While there have been some winners and losers in the space over the past few years, it’s taken a backseat to other tech trends. But that may be changing. Top 5G play Qualcomm (QCOM) is ...
Read More About This