12924

Insider Trading Report: Alliant Energy Corp (LNT)

Nanco Falotico, a director at
Alliant Energy Corp (LNT), recently added 1,200 shares. The buy increased her stake by 12,000 percent, and came to a total price just over $73,000. This marks the first insider activity since late 2019. Back then, there were a number of insider buys and sells. And going further back, both company directors and executives have been modest buyers and sellers of company shares. Overall, insiders own 0.15 percent of the company. The utility company shed 2 percent over ...
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12925

Unusual Options Activity: Starbucks (SBUX)

Shares of coffee shop chain
Starbucks (SBUX) are trading near a 52-week low. One trader sees the possibility for a further significant drop ahead in the coming months. That’s based on the December $50 puts. With 183 days until expiration, 3,948 contracts traded compared to a prior open interest of 103, for a 38-fold rise in volume on the contract. The buyer of the puts paid $1.54 to make a further downside bet on shares. Shares last traded around $72, so they would ...
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12911

Stick With Infrastructure Plays When Looking for a Tech Rebound

While the economy is slowing, many trends in place will continue, even at a slower pace. Companies that can cater to the needs of growing industries can still grow and eventually even buck a market downtrend. Companies that help grow out some of today’s top tech trends, like electric vehicles or the 5G network, will be most successful if they’re already the industry leaders today. As long as that advantage can be maintained, they’ll likely continue to keep their market share. One ...
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12912

Insider Trading Report: Shutterstock (SSTK)

Paul Hennessy, a director at
Shutterstock (SSTK), recently picked up 10,000 shares. The buy increased his stake by 47 percent, and came to a total price of just over $564,000. This marks the first insider buy at the company in the past three years. Over that timeframe, most insider sales have come from the company’s Executive Chairman, who is also a major holder. Even with the massive sales, company insiders still own 33.3 percent of the company. Shares are down about 40 percent ...
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12915

Unusual Options Activity: Digital Realty Trust (DLR)

Shares of data center REIT
Digital Realty Trust (DLR) are down 20 percent over the past year. One trader sees the possibility for a further decline in the months ahead. That’s based on the October $105 puts. With 128 days until expiration, 8,515 contracts traded compared to a prior open interest of 123, for a 69-fold rise in volume on the trade. The buyer of the puts paid $3.55 to get into the trade. Shares recently traded around $127, so they’d need to ...
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12906

More Great Companies Slide into A Buying Range as Fear Reigns

The stock market set a new low last week, and again on Monday. That may be a re-test of the prior low before moving higher, or it may more pain ahead for investors. Those looking for when to buy during a market drop have many different ways to do so. For some types of companies, knowing which key metrics indicate a solid value now could lead to some astute buys now. For instance, in financial stocks, book value tends to be a ...
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12907

Insider Trading Report: American Eagle Outfitters (AEO)

David Sable, a director at
American Eagle Outfitters (AEO), recently picked up 1,500 shares. The buy increased his stake by 6 percent, and came to a total price of just under $19,000. This marks the second insider buy this year, also from a director. And a third director picked up shares late last year. Otherwise, company executives have been large and consistent sellers of shares over the past three years. Overall, company insiders own about 6.3 percent of shares. Shares of the apparel ...
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12909

Unusual Options Activity: Devon Energy (DVN)

Shares of oil and natural gas exploration company
Devon Energy (DVN) have been in a steady uptrend over the past year. One trader sees the strong prospect for a further rally. That’s based on the January 2023 $35 calls. With 220 days until expiration, 72,384 contracts traded compared to a prior open interest of 248, for a staggering 292-fold rise in volume on the trade. The buyer of the calls paid $39.70 to make the bet. Shares last traded for around $74, ...
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