Trading Tips Blog

With the stock market in full meltdown mode, companies reporting great earnings numbers are being totally ignored. The chipmakers are one such place, where great earnings have been met with massive hits to share prices. While valuations may have been high going in to this correction, for growing companies dealing with more demand than can be met in the short-term, this looks like one of the first places in tech likely for a strong rebound. Case in point? Broadcom (AVGO). The company ...
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Robert Blue, President and CEO of Dominion Energy (D) recently picked up 14,402 shares. The buy came to $1 million. He was joined by director Mark Kington, who bought 2,000 shares a day later. Insiders have largely been sellers of shares in prior months. However, the share price has now slid over 20 percent from its peak, and this may be the start of a new policy of insiders taking advantage of volatile moves in the market. Shares of the utility ...
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Tech stocks have gone into full meltdown mode in the past week. That’s created some huge bargains as many names have given up year-to-date gains… or even further back. One trader sees a rebound in shares of Advance Micro Devices (AMD) by May. The activity is in the $92.50 calls. Over 7,500 contracts traded recently, a 45-fold jump in volume from the prior open interest near 166. The buyer paid about $2.20 to make the trade on average. The $92.50 strike would ...
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Stock market volatility has been rising in recent sessions, and few spaces look immune to potential wild daily swings. For the semiconductor space, however, a supply crunch is likely to limit potential downside damage. That’s especially true for Micron (MU). The company beat on earnings estimates, and raised its forecast for the year for earnings, margin, and revenue. While shares sank when reporting earnings on Wednesday, and on Thursday's market meltdown, the longer-term uptrend looks intact. Shares have also benefitted in recent ...
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Marcus Lemonis, CEO and a major holder at Camping World Holdings (CWH), recently picked up 3,127 additional shares. The cost came to just over $100,000, and represents a 0.5 percent increase in holdings. The buy comes as shares have pulled back nearly 20 percent from all-time highs. This marks the first buy at the company since November. Insider activity has generally been bullish, except in the past year when a fund with a large stake moved to sell off their ...
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Brazilian fintech company PagSeguro (PAGS) has a healthy long-term chart, moving higher with some sharp, but quickly recovered, drops along the way. Following the recent market weakness, one trader is betting on a move higher with the January 2022 $65 calls. That’s about $10 per share higher from the current price near $65. Over 10,100 contracts traded, a 34-fold rise in volume from the prior open interest of 299. The buyer paid about $9.10 on average. Shares have had a sizeable correction ...
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At least one trader is leaning hard into the “reopening” theme for the economy with a large bet on Hilton Worldwide Holdings (HLT). That’s based on the January 2022 $140 calls. With shares at $124, shares would need to rally about 13 percent for the option to move in-the-money. Over 3,000 of the contracts traded compared to an open interest of 127, for a 24-fold rise in volume. The trader paid about $11.20 for the options on average. The company is coming ...
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Michael Angelakis, a director at ExxonMobil (XOM), recently picked up 25,000 shares. The buy increased his stake by 312 percent, and came to a total purchase price of just over $1.4 million. This marks the first insider buys since March of last year, when shares traded at nearly half the price of today. Insiders have also been sellers at times over the past few years, including some sales in late 2020. Insiders own 0.01 percent of shares. Exxon shares have been on ...
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