A Simple Way to Repeatedly Bank Profits From Smaller Companies
There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
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Insider Activity: Scientific Games Corporation (SGMS)
Billionaire investor adds to stake. Ronald Perelman, billionaire investor, added 100,000 shares of Scientific Games Corporation (SGMS), recently. The buy increase his stake by 0.27 percent, and cost $2.2 million. Perelman now owns over 36.5 million shares of the company, and holds more than 10 percent of shares. Perelman has been a buyer in the past year, often at prices as much as 50 percent higher than where shares of the company currently trade. In that timeframe, only one insider has made ...
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Unusual Options Activity: Philip Morris (PM)
Cigarette company shares may be due for a rally. The October 11th $74 call options on Philip Morris (PM) saw heavy trading, with over 2,500 contracts trading against a prior open interest of 109, for a 23-fold gain in volume. With shares of the company around $72, shares will need to rise by nearly 3 percent in the next 21 days to trade in-the-money at expiration. The buyer paid $0.55 per option on average, meaning shares will need to trade closer to ...
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Unusual Options Activity: Nvidia (NVDA)
In-the-money call option suggests further gains for shares. The November 2019 $165 call options on Nvidia (NVDA) saw over 3,300 contracts trade against a prior open interest of 281, making for a 12-fold increase in volume. With shares of the company currently trading at $180, the contracts are already $15 in-the-money. With the contract trading around $21, shares of the company need to rise at least another $6 for the call buyer to break-even on the trade before the option expires in ...
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Insider Activity: Tailored Brands (TLRD)
Multiple insiders buy at beleaguered retailer. Dinesh Lathi, President and CEO of Tailored Brands (TLRD), bought 15,000 shares recently. So did director Theo Killion on the same day. Both paid around $4.60-$4.80, slightly above where shares now trade at $4.55. Both paid around $70,000 for that stake, and both increased their total ownership in the company by over 33 percent. Tailored Brands, owner of retailers Men’s Wearhouse and Joseph A. Bank, has seen shares drop 82 percent in the past year on slow ...
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Insider Activity: Church & Dwight (CHD)
Insiders buy at consumer goods company after short report. Matthew Farrell, President and CEO of Church & Dwight (CHD), picked up 7,000 shares recently, shelling out nearly $500,000 to do so. The move increased his stake in the firm by nearly 5 percent. He was joined by director Ravichandra Saligram, who picked up 1,500 shares, paying just over $70,000 to do so, and increasing his stake by 3.5 percent. The buys come after a report that suggest the company overpaid for recent ...
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Unusual Options Activity: NovaGold Resources (NG)
Bet on decline by year-end. The December 20th $6.00 put options on NovaGold Resources (NG) saw a 23-fold surge in trading, going from 158 open contracts to over 3,700. With shares of the gold mining operation at $6.30, it’s a bet that shares will decline by at least 5 percent between now and the end of the year. Shares of the company are up 65 percent year-to-date thanks to a strong rally in gold, so such a move is easily possible. At only ...
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Insider Activity: Anixa Biosciences (ANIX)
CEO, director add to insider buys this year. CEO Amit Kumar and director Lewis Titterton have been buyers at Anixa Biosciences (ANIX). The CEO bought 10,000 shares, increasing his holdings in the company by 6 percent, paying over $41,000. The director bought 15,000 shares, increasing his holdings by 2 percent, paying over $61,000. Insiders, including other directors at the firm, have been steady buyers at the company in the past year, with no insider sales in the past year. Insiders have bought ...
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