Insider Activity Report: Kimberly Clark (KMB)
Mark Smucker, a director at Kimberly Clark (KMB), recently bought 827 shares. The buy was a new position for the director, and came to a total cost of $100,051. This marks the first insider buy at the company in the past two years. Company insiders have been regular sellers of shares, particularly division presidents and the company CEO. Most of the sales have occurred following the exercise of stock options. Overall, Kimberly Clark insiders own 0.3 percent of shares. The paper ...
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Unusual Option Activity: Chevron (CVX)
Oil and gas giant Chevron (CVX) is down 12 percent over the past year as energy prices have trended lower. One trader is betting on a further decline in the months ahead. That’s based on the September $105 puts. With 230 days until expiration, 3,000 contracts traded compared to a prior open interest of 1,005, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.88 to make the bearish bet. Chevron recently traded for about $147, ...
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An Improving Economy Means More Money Moving Around
Consumer spending data shows that customers continue to flock to stores. And that they’re opening up their wallets to buy. The total number of transactions continues to increase, indicating good news for investors in payment companies. That can include anything from the credit card companies, to back-end payment and services, including companies that provide services for merchants. While concerns over consumer spending have impacted this back-end, it’s clear that the growth trend of consumer spending may continue to rise. That’s why analysts ...
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Insider Activity Report: Dorchester Minerals (DMLP)
Dorchester Minerals Operating LP, a major owner of Dorchester Minerals (DMLP), recently added 7,500 shares. The buy increased the fund’s holdings by 22 percent, and came to a total cost of $250,980. This marks the first insider activity of the year. The Operating LP was a buyer back in December, picking up nearly $1 million in shares across multiple transactions. Going further back, the company’s CEO and CFO both bought shares in November, paying nearly $350,000 in total. Overall, Dorchester Minerals ...
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Unusual Option Activity: Carnival Corporation (CCL)
Cruise ship operator Carnival Corporation (CCL) has soared in the past year, with shares up 53 percent. One trader sees shares cruising higher in the coming weeks. That’s based on the March $15 calls. With 42 days until expiration, 50,159 contracts traded compared to a prior open interest of 1,014, for a 49-fold rise in volume on the trade. The buyer of the calls paid $2.05 to make the bullish bet. With Carnival shares trading for about $16.50, the option is already ...
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Growth Companies Making this Historic Move Tend to Move Far Higher
For many companies, being a growth stock often means running big losses over time. Many early-stage growth companies have a great story behind them. But they have to prove themselves. Growing customers and revenues doesn’t matter if they keep losing money. When a company flips from losing money to making money, it’s a huge sign that the business idea is playing out. It may be great news for early investors, but it’s usually just the start of a successful company’s further ...
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Insider Activity Report: American Water Works (AWK)
Michael Marberry, a director at American Water Works (AWK), recently bought 1,420 shares. The buy increased his holdings by 62 percent, and came to a total cost of $202,137. The director was the last buyer with a 3,786 share buy back in November, costing just under $493,000. Another company director bought just under $8,000 in shares last August. The last insider sale occurred in mid-2022. Overall, American Water Works insiders own 0.2 percent of shares. The water utility has seen shares drop ...
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Unusual Option Activity: Lockheed Martin (LMT)
Aerospace and defense contractor Lockheed Martin (LMT) is down 6 percent over the past year, and shares have dropped in recent weeks. One trader sees a rebound in the weeks ahead. That’s based on the March $430 calls. With 44 days until expiration, 9,167 contracts traded compared to a prior open interest of 263, for a 35-fold rise in volume on the trade. The buyer of the calls paid $8.70 to make the bullish bet. Lockheed shares recently traded for about $428, ...
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