16056

Insider Activity Report: RH (RH)

Gary Friedman, CEO and major holder of RH (RH), recently bought 46,274 shares. The buy increased his stake by 1%, and came to a total cost just under $10 million. This is the first insider buy at RH in over two years. Otherwise, company executives have largely been sellers of shares following the exercise of stock options. And company directors have been sellers of shares periodically over the past two years. Overall, RH insiders own 18.6% of shares. The specialty retailer is ...
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16058

Unusual Options Activity: NuScale Power Corporation (SMR)

Modular nuclear reactor developer NuScale Power Corporation (SMR) is up 58% over the past year, and up over 5 times from its lows. One trader sees shares pulling back in the coming weeks. That’s based on the August 16 $10 puts. With 43 days until expiration, 4,063 contracts traded compared to a prior open interest of 119, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.25 to make the bearish bet. Shares recently traded just ...
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16050

This Isn’t a New Meme Stock Trade, But It Could Still Perform Well

While the markets test new all-time highs and pull back, several companies have seen bigger jumps over the past few months. That includes a resurgence in meme stocks, some of which have seen triple-digit gains at times. Some stocks have also jumped on meme-like news. With markets still in a bullish mood, it’s best to separate the strong performers from the hopefuls at current prices. This week, trader Keith Gill of GameStop (GME) fame, disclosed a 6.6% stake in pet supply ...
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16052

Insider Activity Report: American Financial Group (AFG)

Amy Murray, a director at American Financial Group (AFG), recently bought 1,200 shares. The buy came to a total cost of $150,205, and increased her position by 55%. This marks the first insider buy over the past two years. Otherwise, company insiders, including both executives and directors, have been sellers of shares on a regular basis. Most of those sales have occurred in a price range between $115 and $145, near where shares trade today. Overall, AFG insiders own 18.0% of ...
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16054

Unusual Options Activity: Caesars Entertainment (CZR)

Casino operator Caesars Entertainment (CZR) is down over 20% in the past year, with shares down 5% on Monday alone. One trader sees the stock rebounding in the coming weeks. That’s based on the August 16 $35 calls. With 44 days until expiration, 8,183 contracts traded compared to a prior open interest of 141, for a 58-fold rise in volume on the trade. The buyer of the calls paid $4.00 to make the bullish bet. Caesars shares recently traded for about $37.75, ...
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16044

This Asset Class Should Outperform in the Second Half of 2024

With the first half of the year on the books, tech has cemented its place as the runaway winner. But tech returns have started to slow. And with investors looking more defensively and with the potential for interest rate cuts ahead, other sectors may soon lead. That could mean that underperforming sectors in the first half of the year can have their turn to outperform. And investors who position themselves could stand to benefit. One underperforming sector is real estate. With interest ...
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16045

Insider Activity Report: Prospect Capital (PSEC)

Kristin Van Dask, CFO of Prospect Capital (PSEC), recently bought 3,330 shares. The buy increased her stake by 275%, and came to a total cost of $74,925. That follows up on two buys from the company CEO back in May. Those buys totaled nearly 803,000 shares, at a cost of about $4.4 million. Other company insiders have been active buyers over the past year. There have been no insider sales over the past year. Overall, Prospect Capital insiders own 26.7% of ...
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16046

Unusual Options Activity: KeyCorp (KEY)

Regional bank KeyCorp (KEY) is up 47% over the past year, soaring higher following the bank failures in early 2023. One trader sees shares continuing higher in the weeks ahead. That’s based on the July 26 $15 calls. With 24 days until expiration, 6,014 contracts traded compared to a prior open interest of 173, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.17 to make the bullish bet. KeyCorp shares last traded just over $14, ...
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