Insider Activity Report: ExxonMobil (XOM)
Maria Dreyfus, a director at ExxonMobil (XOM), recently bought 18,310 shares. The buy increased her stake by 105%, and came to a total cost just over $2 million. This is the first insider buy at the oil giant since November, when another director bought 250,000 shares for just under $26.5 million. Over the past two years, Exxon executives have been slight sellers of shares, while directors have been buyers. Overall, Exxon insiders own 0.04% of shares. The oil giant is up 6% ...
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Unusual Options Activity: Rollins (ROL)
Wildlife and pest control company Rollins (ROL) is up 20% over the past year, slightly underperforming the overall stock market. One trader sees shares trending higher through the summer. That’s based on the August $52.50 calls. With 52 days until expiration, 3,936 contracts traded compared to a prior open interest of 116, for a 34-fold rise in volume on the trade. The buyer of the calls paid $0.88 to make the bullish bet. Rollins shares recently traded for about $49.50, meaning the ...
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This Chip Player Could Beat Nvidia’s Returns Through the Rest of 2024
The stock market’s return has been massively influenced by the returns in Nvidia (NVDA). The designer of GPUs and other hardware has surged thanks to an interest in AI. But with the share split over, the stock price may slow its gains from here. That will allow other chipmakers also seeing a big boost in business right now to see massive returns in their share price. A few could even outperform Nvidia in the second half of the year. One contender is ...
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Insider Activity Report: Dorchester Minerals, LP (DMLP)
Bradley Ehrman, CEO of Dorchester Minerals, LP (DMLP), recently bought 2,800 shares. The buy increased his position by 2%, and came to a total cost of $82,600. This is the sixth insider buy of the year. The company CFO was a buyer of $77,000 worth of shares in May. And the company’s operating LP has been accumulating shares throughout the year. There have been no insider sales over the past two years. Overall, Dorchester insiders own 7.1% of shares. The oil and ...
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Unusual Options Activity: Ball Corporation (BALL)
Packaging and container manufacturer Ball Corporation (BALL) is up 12% over the past year, returning about half as much as the overall market. One trader sees shares trading lower over the coming weeks. That’s based on the August $65 puts. With 55 days until expiration, 6,754 contracts traded compared to a prior open interest of 151, for a 45-fold rise in volume on the trade. The buyer of the puts paid $3.83 to make the bearish bet. Ball shares recently traded for ...
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This Shortage Will Keep Producers Growing
Supply and demand are the key elements to understanding economics. It can also be the key to understanding an investment opportunity. Right now, demand for semiconductor chips for AI is soaring. That will make those companies more profitable over time. And that’s why their share prices continue to soar. But that’s just one part of the overall market. Other sectors likewise are seeing some big shifts in supply and demand. And those shifts can also lead to big profits. One such sector ...
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Insider Activity Report: Heartland Express (HTLD)
James Pratt, a director at Heartland Express (HTLD), recently bought 9,000 shares. The buy increased his position by 62%, and came to a total cost of $107,619. This is the seventh insider buy of the year. That includes two buys from the company CEO for a total of nearly $3 million in total, and a major holder who has continued to add to their stake. There have been no insider sales over the past two years. Overall, Heartland insiders own ...
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Unusual Options Activity: Coinbase (COIN)
Cryptocurrency investment platform Coinbase (COIN) has soared over 320% in the past year. One trader sees the potential for a pullback in the coming weeks. That’s based on the August $150 puts. With 57 days until expiration, 6,102 contracts traded compared to a prior open interest of 312, for a 20-fold rise in volume on the trade. The buyer of the puts paid $1.65 to make the bearish bet. Coinbase shares recently traded for about $245. Shares would need to drop about ...
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