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Austin Russell, President, and CEO at Luminar Technology (LAZR), recently added 25,000 shares. The buy increased his holdings by 2.5 percent, and came to a total price just under $247,000. That’s the third buy for 25,000 shares from the CEO in as many weeks. And earlier this month, a company director bought 59,950 shares, paying just under $500,000. The last insider sale at the company occurred back in May. Overall, company insiders own 13.7 percent of shares. The manufacturer of automotive sensor ...
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Shares of social media giant Meta Platforms (META) have lost nearly 60 percent of their value in the past year. One trader sees a potential rebound in the months ahead. That’s based on the January 2023 $125 calls. With 116 days until expiration, 25,000 contracts traded compared to a prior open interest of 482, for a 52-fold surge in volume on the trade. The buyer of the calls paid $28.68 to make the bet. The stock recently traded closer to $140, ...
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People need to move, no matter what the economy is doing. And many will move to areas with lower taxes, higher growth, and better job opportunities. That’s been playing out slowly over the past decade, with the pandemic causing a faster migration rate as many looked to move to lower-density areas. While that trend is slowing, it isn’t stopping. And companies that cater to this trend will likely continue to fare well in the years ahead. One company benefitting from this trend ...
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Jeffery Gould, President and CEO at BRT Apartments Corp (BRT), recently picked up 14,735 shares. The buy increased his holdings by 0.4 percent, and came to a total price just over $320,000. He was joined by a senior vice president, who also picked up about 15,000 shares, paying about the same amount as well. Insiders were largely sellers of shares in the past three years before these recent buys. Overall, company insiders own about 20.1 percent of shares. The apartment REIT is ...
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Shares of consumer tech giant Apple (AAPL) have held up better than most tech stocks in the past year. However, one trader sees shares continuing their recent downtrend in the coming weeks. That’s based on the October $133 puts. With 28 days until expiration, 2,410 contracts traded compared to a prior open interest of 104, for a 23-fold rise in volume on the trade. The buyer of the puts paid $0.90 to get into the trade. Shares recently traded for about $154, ...
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In normal markets, news of a layoff can lead to a share price going higher. The market tends to interpret that as a company reducing headcount, especially if the company has been growing. Today, it may lead to a selloff, as traders may be concerned that the company is shrinking. But companies that are looking to streamline just parts of their business, particularly in its executive suites with cuts at the corporate level, can send a message that they’re concerned about ...
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Anthony Malkin, a director at APi Group Corp (APG), recently picked up 92,145 shares. The buy increased his stake by a massive 706 percent, and came to a total cost of just under $1.4 million. That follows up on a number of buys by the director in the past few weeks, and a 37,800 share buy back in June. Going further back, company executives have also been regular buyers of shares, with no insider sales in the past three years. Overall, company ...
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Shares of video game retail platform GameStop (GME) are down 39 percent over the past year, nearly four times as much as the overall stock market. One trader sees a further decline in the coming weeks. That’s based on the November 18th $26.25 put options. With 57 days until expiration, 4,550 contracts traded compared to a prior open interest of 149, for a 31-fold rise in volume on the trade. The buyer of the puts paid $4.08 to make the bet. The ...
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