Trading Tips Blog

Major hedge fund owner adds to stake of life insurer. Hedge fund Blackstone Group, already a 10 percent owner, has added to FGL Holdings (FG) with a 167,000 share buy. With a cost of $1.3 million, it increases the fund’s share count in FGL to just over 45 million shares. This is the second recent buy from Blackstone of FGL shares in the past week, with the second buy coming in at just under 290,000 shares at a cost of $2.3 million. Founded ...
Read More

Trading revenue likely to rise in coming quarters. Although big banks have struggled as fears of lower interest rates indicate a slower economy and slower lending activity, some analysts are seeing potential upside ahead. In a research note, Wolfe Research upgraded big banks like JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC), citing the likelihood to surprise investors with higher trading revenue in the coming quarters, “if activity levels hold steady.” Additionally, lower funding costs for banks from the decline in ...
Read More

Bet in 50 percent drop in shares by October. On Friday before the long weekend, over 14,400 contracts traded on the October $10 put options on Amarin Corporation (AMRN). With a prior open interest of just 123 contracts, the trade saw a surge in volume over 116-fold! With a current share price around $15 per share, the $10 strike price is a bet on shares dropping by at least as much as one-third in the next 45 days. Amarin is a pharmaceutical company ...
Read More

CEO, CIO, CFO, and head of manufacturing, pick up shares. On Thursday, August 29th, Michael McClaflin, CIO at Flexsteel Industries (FLXS)picked up 2,350 shares. The total price came to just under $32,000, and represents his first purchase of shares at the company. He was joined by Carl Hayden, vice president of manufacturing, who bought 2,000 shares, also starting a stake at the company and paying $27,000 to do so. CFO Marcus Hamilton also joined in, buying 2,300 shares and increasing his stake ...
Read More

October put-buying suggests big drop soon. On Friday, over 20,240 contracts traded on the October 2019 $2.50 put option on NIO Inc (NIO). As the contract had a prior open interest of 422, this represents a 48-fold increase in volume on the bearish trade on shares. With shares of NIO trading around $2.90, the $2.50 bet is out-of-the-money at the moment, but could move to that strike price before these options expire in 46 days. NIO designs, manufactures, and sells electric vehicles around ...
Read More

Senior Vice President makes six-figure buy. On Thursday, August 29th, Geoff Tanner bought 1,000 shares of JM Smucker Company (SJM), where he serves as a senior vice president. By picking up shares around $103, his total cost to pick up those shares was $103,000. The buy increases his stake by 17 percent, leaving him with just under 14,400 shares. This is the first insider buy at the company this year, following some insider sales at higher prices in the past few months. The ...
Read More

There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
Read More

CEO & 10% owner adds to stake. On Wednesday, August 28th, Joseph Jolson picked up 6,394 shares of Harvest Capital Credit Corp (HCAP), where he serves as director and already has an ownership stake with more than 10 percent of the shares outstanding. The purchase came to nearly $63,000, and increased his stake in the company by 0.85 percent. Year-to-date, insiders have been buyers of shares at the company, almost exclusively by Jolson, but there has also been one buy from the ...
Read More