Insider Activity Report: Simon Property Group (SPG)

Six directors bought at least $25,000 in shares of Simon Property Group (SPG) in late September, ranging from 239 to 580 shares, or a cost of $26,300 to $63,823. Each of the directors who bought added 1-2 percent to their total holdings. Company directors have also been direct buyers of shares at the end of the second and first quarters of the year. There have been no insider sales over the past two years. Overall, company insiders own 0.9 percent of ...
Read More
|

Unusual Options Activity: Las Vegas Sands (LVS)

Casino operator Las Vegas Sands (LVS) is down about 30 percent from its April highs. One trader sees shares recovering from its recent selloff in the months ahead. That’s based on the December $45 calls. With 70 days until expiration, 28,279 contracts traded compared to a prior open interest of 641, for a 44-fold surge in volume on the trade. The buyer of the calls paid $3.02 to make the bullish bet. Shares recently traded just under $45, making this an ...
Read More
|

Removing Legal Uncertainties Is Good for Business – and Shares

Investors don’t like it when a company has a legal problem hanging over it. That’s because the court system can take time, and considerable amounts of money, to fend off a legal battle. Resolving a legal issue can lead to a rally in the short-term, even if there are big costs involved. That’s because taking the uncertainty off the table is good for shares looking forward over the long term. Discover Financial Services (DFS) just reported that they had to address shortcomings ...
Read More
|

Insider Activity Report: Dollar General (DG)

Carman Wenkoff, CIO at Dollar General (DG), recently bought 2,000 shares. The buy came to a total of $212,500, and increased his holdings by 7 percent. That marks the first insider transaction at the retailer since June, when a company director bought 8,500 shares, paying just over $1.3 million. Other company insiders were buyers in June as well. Going further bank, insiders were sellers in 2022 and 2021, almost exclusively after the exercise of stock options. Overall, company insiders own 0.5 ...
Read More
|

Unusual Options Activity: The Charles Schwab Corporation (SCHW)

Brokerage firm The Charles Schwab Corporation (SCHW) has seen shares drop about 25 percent over the past year. One trader is betting on a long-term rebound. That’s based on the March 2024 $80 calls. With 163 days until expiration, 5,744 contracts traded compared to a prior open interest of 248, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Shares recently traded for about $53.50, so shares would need to ...
Read More
|

Time to Buy Great Companies at a Decent Price

When the market is selling off, investors will often go to cash first and then wait for the all-clear. That can result in missing out on the start of the next rally. An alternative strategy is to buy great companies once they reach a good price. It doesn’t have to be the best price, as an industry leader can recover from a market selloff and move higher over time. With the markets fearful of a government shutdown, defense stocks have been trending ...
Read More
|

Insider Activity Report: Plains GP Holdings LP (PAGP)

Willie Chaing, CEO of Plains GP Holdings LP (PAGP), recently bought 62,000 shares. The buy increased his stake by 20 percent and came to a total cost of just over $1,000,000. Chaing was the last buyer of shares with a 75,000 pickup back in May. That also totaled about $1,000,000, and increased his position by 31 percent. A company director bought 1,000 share last August as well. Otherwise, there has been no other insider activity over the last two years. All told, ...
Read More
|

Unusual Options Activity: The Gap (GPS)

Clothing retailer The Gap (GPS) has outperformed the market this year, with a 30 percent gain. One trader sees shares pulling back in the next few weeks. That’s based on the October 20 $10.50 puts. With 17 days until expiration, 16,663 contracts traded compared to a prior open interest of 432, for a 39-fold rise in volume on the trade. The buyer of the puts paid $0.50 to make the bearish be Shares recently traded at about $10.50, so the stock would ...
Read More
|