Insider Activity Report: BRT Apartments (BRT)
Gould Investors LP, a major holder of BRT Apartments (BRT), recently bought 3,471 shares. The buy increased the fund’s stake by less than 1%, and came to a total cost of $56,450. The buy came a few days after the fund bought 3,268 shares, at a cost of $53,156. This is the first activity from the fund since May 2023. Otherwise, company insiders have been a bit more mixed, with a number of insider sales, including the company COO and CFO. Overall, ...
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Unusual Options Activity: Krispy Kreme (DNUT)
Shares of doughnut maker Krispy Kreme (DNUT) soared 35% on Monday, following news that its product would start appearing at fast food giant McDonald’s (MCD). One trader sees the rally continuing in the coming weeks. That’s based on the April $15 calls. With 22 days until expiration, 8,3405 contracts traded compared to a prior open interest of 144, for a 58-fold rise in volume on the trade. The buyer of the calls paid $2.00 to make the bullish bet. Krispy Kreme shares ...
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Board Battle or Not, this Brand Is Undervalued
The past few years have been painful for media companies. Shares soared as firms rolled out streaming services. But the high costs of content development and changing consumer tastes have led investors to put these stocks in the bargain bin. That’s an opportunity for investors today. Especially as media companies own considerable intellectual properties and brands that can likely lead to far higher valuations in the future. One potential winner in the short and long term is The Walt Disney Company ...
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Insider Activity Report: Westlake Chemical Partners (WLKP)
Andrew Kenner, a SVP at Westlake Chemical Partners (WLKP), recently added 4,230 shares to his holdings. The buy increased his position by 3%, and came to a total cost of $93,737. The buy comes a few weeks after the SVP bought 5,000 shares, increasing his stake by 4% and paying $111,500 to do so. Kenner has also been a repeat and steady buyer in 2023, with over a dozen buys going into late 2022. Over the past two years, there has been ...
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Unusual Options Activity: DoorDash (DASH)
Food delivery service company DoorDash (DASH) has soared in the past year, with shares up 129%. One trader sees shares continuing to trend higher. That’s based on the June $120 calls. With 86 days until expiration, 43,036 contracts traded compared to a prior open interest of 527, for an 82-fold rise in volume on the trade. The buyer of the calls paid $25.22 to make the bullish bet. DoorDash shares recently traded for about $138, meaning about $18 of the option’s price ...
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This Stock Could Soar as the Economy Nails the Soft Landing
Investors are gravitating towards the idea that the Federal Reserve is pulling off a soft landing. Aggressively raising interest rates is pushing inflation back down. But it’s doing so at a rate that isn’t leading to a recession. Ideally, that creates a scenario where the economy can continue to grow from a low-inflation base. That’s played out before, when the Fed’s moves in the early 1990s led to a soft landing that allowed the economy to take off in the late ...
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Insider Activity Report: Carriage Services (CSV)
Charles Fargason, a director at Carriage Services (CSV), recently bought 6,000 shares. The buy increased his stake by 70%, and came to a total cost of $153,480. That adds to another buy from the director a few weeks prior for 5,000 shares, which cost $130,500. Insiders were mostly buyers of shares in 2022, including buys from the company’s COO and CFO. Otherwise, company insiders have generally been sellers of shares this year, largely following the exercise of stock options. Overall, Read More About This
Unusual Options Activity: Wynn Resorts (WYNN)
Resort and casino operator Wynn Resorts (WYNN) has been trending higher in recent months, but shares are still down 6% over the past year. One trader sees shares pulling back over the next few weeks. That’s based on the May $95 puts. With 52 days until expiration, 6,516 contracts traded compared to a prior open interest of 117, for a 56-fold rise in volume on the trade. The buyer of the puts paid $2.46 to make the bearish bet. Wynn shares recently ...
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