Unusual Options Activity: Sea Limited (SE)
Asia-based ecommerce platform Sea Limited (SE) has dropped 30 percent in the last year. One trader is betting on shares to start the year trending higher. That’s based on the January 19, 2024 $42.00 calls. With 25 days until expiration, 6,065 contracts traded compared to a prior open interest of 196, for a 31-fold rise in volume on the trade. The buyer of the calls paid $1.20 to make the bullish bet. Sea Limited recently traded for about $38, so they ...
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This Big Tech Company Is an Overlooked AI Play Growing Revenues Now
AI has been the major market theme of 2023. It’s easy to see why. AI technologies can improve a company’s operations at a significantly low cost. For big-tech companies, small improvements can mean billions of dollars in extra revenues and profits. That’s why the trend has been great for big tech stocks. One big tech stock has already started to benefit from rolling out AI technology. That company is Salesforce (CRM), a producer of customer relationship management software that is provided to ...
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Insider Activity Report: Chart Industries (GTLS)
Linda Harty, a director at Chart Industries (GTLS), recently bought 1,000 shares. The buy increased her stake by 14 percent, and came to a total cost of $130,140. The director made a 500 share buy the day before. Another company director also picked up 400 shares in the same week. Going further back, company executives and directors have been regular and steady buyers of shares, with the last insider sale occurring in September 2021. In total, Chart Industries insiders own 0.6 ...
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Unusual Options Activity: SoFi Technologies (SOFI)
Credit service provider SoFi Technologies (SOFI) has more than doubled in the past year, rebounding from big losses in 2022. One trader sees shares trending lower in the next two years. That’s based on the January 16, 2026 $2 puts. With 756 days until expiration, 10,014 contracts traded compared to a prior open interest of 130, for a 77-fold rise in volume on the trade. The buyer of the puts paid $0.19 to make the bearish bet. Shares recently traded just over ...
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For An Improving Economy, Consider This Key Service Player
Recent economic data shows that inflation is slowing. And that consumers are holding up well, as is the job market. That suggests the economy could trend higher next year. Should that happen, there are a number of companies that stand to benefit. That includes companies that cater to the movement of goods and services across the economy. These companies have seen a drop with a slowdown in spending on goods in 2023, but stand to see improving conditions next year. Among global ...
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Insider Activity Report: Vestis Corporation (VSTS)
Douglas Pertz, a director at Vestis Corporation (VSTS), recently bought 10,370 shares. The buy increased his stake by 78 percent, and came to a total cost of $200,627. This marks first insider activity at the uniform rental and purchasing company since it went public in October, as part of a spinoff from Aramark (ARMK), as company directors and executives have refrained from making any changes in their holdings so close to the spinoff. Overall, Vestis insiders own 0.3 percent of shares. Shares ...
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Unusual Options Activity: Nordic American Tankers (NAT)
Shipping giant Nordic American Tankers (NAT) is up 32 percent over the past year, beating the S&P 500’s returns by about 50 percent. One trader sees shares continuing higher in the next few months. That’s based on the February 16, 2024 $5.00 calls. With 57 days until expiration, 9,866 contracts traded compared to a prior open interest of 144, for a 68-fold rise in volume on the trade. The buyer of the calls paid $0.23 to make the bullish bet. Nordic American ...
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This Near-Perfect Money-Making Machine Just Had a Small Misstep
Great companies are few and far between. They offer investors an opportunity to invest for long-term growth. And they generate tremendous cash flows, which can provide the capital for new ideas, while still rewarding shareholders along the way. That’s a lot to ask for. But over time, many companies have delivered on that promise. One company, however, has managed to stand head and shoulders over the rest while doing so. That company? Apple (AAPL). The leader in consumer technology is one of ...
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