Insider Activity Report: Caesars Entertainment (CZR)
Michael Pegram, a director at Caesars Entertainment (CZR), recently bought 40,000 shares. The buy increased his take by 25%, and came to a total cost of $1.45 million. That’s the second buy from the director this year, following a 15,000 share buy in March at a cost just over $621,000. He was also a buyer twice in 2023, along with the company CEO, who bought $370,725 of shares. In the past year, there has been just one insider sale. Overall, Caesars ...
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Unusual Options Activity: Exact Sciences Corp (EXAS)
Health diagnostics company Exact Sciences Corp (EXAS) is down nearly 25% in the past year. One trader is betting on a further decline in the coming weeks. That’s based on the June $50 puts. With 38 days until expiation, 2,758 contracts traded compared to a prior open interest of 108, for a 25-fold rise in volume on the trade. The buyer of the puts paid $1.46 to make the bearish bet. Exact shares recently traded for about $54, so the stock would ...
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When in Doubt, Buy the Industry Leader
Every industry will have several players. Depending on the structure of the industry, there may be dozens of players or just a few. The ease of entering the industry and successfully competing can make a big difference. That’s why the restaurant industry has dozens of options. But the credit card networks have just four players due to the high cost of entry and building a network. Today’s tech companies often have just a handful of players. That’s because these companies can successfully ...
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Insider Activity Report: Caterpillar (CAT)
David MacLennan, a director at Caterpillar (CAT), recently bought 500 shares. The buy increased his position by 10%, and came to a total cost of $168,195. This is the director’s second buy of the year, following a 350 share pickup for just over $113,000 back in February. Otherwise, there has been one insider sale from a company Group President, following the exercise of stock options. Going further back, insiders were more likely to be sellers of Caterpillar stock. Overall, Caterpillar insiders ...
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Unusual Options Activity: Teva Pharmaceutical (TEVA)
Drug manufacturer Teva Pharmaceutical (TEVA) has been on a tear, with shares soaring 67% over the past year. One trader sees shares continuing higher into the autumn. That’s based on the September $18 calls. With 133 days until expiration, 7,964 contracts traded compared to a prior open interest of 171, for a 47-fold rise in volume on the trade. The buyer of the calls paid $0.71 to make the bullish bet. Teva shares recently soared to a 52-week high just under ...
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Buy the Earnings, Not the Management Shuffle
For investors, a company’s prospects come down to earnings. Rising earnings will drive a stock higher over time. And when a company reports great earnings, but shares sell off, it may create a buying opportunity in the short-term. That’s especially true when a company isn’t just reporting great earnings but manages to consistently beat bullish expectations. Such a company can likely lead to far higher returns for investors when bought during a selloff. Right now, app performance monitoring company Datadog (DDOG) fits ...
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Insider Activity Report: SoFi Technologies (SOFI)
Anthony Noto, CEO Of SoFi Technologies (SOFI), recently bought 28,775 shares. The buy increased his position by less than 1%, and came to a total cost of $198,548. Noto was the last insider buyer with a 22,500 share pickup back in November. Since then, the company’s CTO has sold off about 27% of his holdings across two sales. Going further back, there have been more insider buys from Noto and the company’s CFO. Overall, SoFi insiders own 3.2% of shares. The financial ...
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Unusual Options Activity: NextEra Energy (NEE)
Electric utility NextEra Energy (NEE) is down 5% over the past year, but is surging higher from well off its lows. One trader sees shares continuing to rise over the next 13 months. That’s based on the June 2025 $80 calls. With 407 days until expiration, 4,685 contracts traded compared to a prior open interest of 109, for a 43-fold rise in volume on the trade. The buyer of the calls paid $4.90 to make the bullish bet. NextEra recently traded for ...
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