Insider Activity Report: VOXX International (VOXX)
Steven Downing, a director at VOXX International (VOXX), recently bought 1,568,750 shares. The buy increased his stake by 90 percent, and came to a total cost of $15.69 million. This follows up on a 1.57 million share pickup made by the director back in October. Other company directors have been buyers in the past year, albeit at a far smaller size. On the sell side, the company’s President has been a sizeable seller of shares in recent months. Overall, VOXX insiders ...
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Unusual Option Activity: KBR (KBR)
Engineering firm KBR (KBR) lagged the overall stock market last year, rallying about 10 percent. One trader expects shares to make up for lost ground in the first half of 2024. That’s based on the June $57.50 calls. With 162 days until expiration, 5,041 contracts traded compared to a prior open interest of 115, for a 44-fold rise in volume on the trade. The buyer of the calls paid $2.50 to make the bullish bet. KBR shares recently traded for about $54, ...
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Improving Profit Margins Can Mean Big Bucks for Shareholders
Investors have many ways of looking at a company. Ideally, a company will show growth. But a company can do much to show growth, and even pay up to do so. That could mean a winning share price in the short-term, at the risk of long-term dangers to a company. That’s why investors should look for companies that can grow and improve their profit margins over time. That’s a sign of a company getting better at doing its job, and having ...
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Insider Activity Report: Walgreens Boots Alliance (WBA)
Timothy Wentworth, CEO of Walgreens Boots Alliance (WBA), recently added 10,000 shares. The buy increased his stake by 2 percent, and came to a total cost of $242,220. This is the first insider buy since last June, when an executive vice president picked up 5,172 shares at a cost of just under $147,000. Otherwise, there has been one insider sale in the past year for a mere 1,000 shares. Overall, Walgreens insiders own 17.4 percent of shares. Shares have dropped by over ...
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Unusual Option Activity: United Airlines (UAL)
Airline operator United Airlines (UAL) has been in an uptrend for the past few weeks, and has now reversed its losses from 2023. One trader sees a further rally in the weeks ahead. That’s based on the February 16 $45 calls. With 37 days until expiration, 15,099 contracts traded compared to a prior open interest of 553, for a 27-fold rise in volume on the trade. The buyer of the calls paid $1.56 to make the bullish bet. United Airlines shares recently ...
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Expect Markets to Get Skeptical on AI Plays this Year
After leading the market for most of last year, big-cap tech plays investing heavily in artificial intelligence (AI) may take a backseat. That could lead some to think that there was a mini-bubble in AI that is now deflating. However, that’s not how bubbles work. AI is still in its early stages. And it will take years for the trend to play out. That’s why the potential for a bubble exists down the line. For 2024, however, AI stocks may slow. That ...
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Insider Activity Report: ASA Gold & Precious Metals (ASA)
Alexander Merk, COO at ASA Gold & Precious Metals (ASA), recently bought 25,549 shares. The buy increased his stake by 26 percent, and came to a total cost of $388,161. Two company directors bought shares at the same time, with purchases totaling about $40,000. Going further back, company insiders have been regular and steady buyers of shares over the last year, with no insider sales. An asset manager with a major stake has also been buying more. In total, ASA ...
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Unusual Option Activity: Archer Daniels Midland (ADM)
Agricultural producer Archer Daniels Midland (ADM) is out of favor with the market. Shares are down 16 percent over the past year, and one trader sees more downside in the months ahead. That’s based on the March $65 puts. With 65 days until expiration, 6,037 contracts traded compared to a prior open interest of 158, for a 38-fold rise in volume on the trade. The buyer of the puts paid $1.10 to make the bearish bet. ADM shares recently traded just under ...
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