Insider Activity Report: Riley Exploration Permian (REPX)

Alvin Libin, a major holder of Riley Exploration Permian (REPX), recently added 75,000 shares. The buy increased his holdings by 4%, and came to a total cost of $2,025,000. Libin was the last buyer with a 100,000 share buy back in September. Otherwise, company insiders have been sellers of shares. The largest sales have some from another major holder, although Riley’s President and CEO has also been a seller since the start of the year. Overall, Riley insiders own 20.0% of ...
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Unusual Options Activity: Freeport-McMoRan (FCX)

Copper producer Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for ...
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The Ultimate Reshoring Stock Could Be Ready for Its Next Swing Higher

The past few weeks have seen a market slowdown. Investors aren’t ready to throw in the towel on stocks right now, especially if interest rates may be on track to trend lower later in the year. That suggests that markets may be correcting from overbought levels by simply heading sideways over the next few weeks rather than crashing. And buying the top stocks during this period could position investors for the market’s next leg higher. That’s particularly true with semiconductor stocks. They’ve ...
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Insider Activity Report: Eagle Bulk Shipping (EGLE)

Castor Maritime, a major owner of Eagle Bulk Shipping (EGLE), recently added 169,635 shares. The buy increased the company’s stake by 12%, and came to a total cost of $10.65 million. This is the first insider activity at the company since last August, when a director bought and sold some shares, and the company CEO sold some shares. Going further back to June 2023, another major holder bought 181,422 shares for about $8.6 million. Overall, Eagle insiders own 29% of shares. The ...
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Unusual Options Activity: Magnachip Semiconductor Corporation (MX)

Korean semiconductor manufacturer Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, ...
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Use Earnings Misses to Buy Stocks Playing to Strong Trends

Earnings season is starting up again, but some companies took a hit and still haven’t recovered. While the market’s rally has slowed recently, the long-term trend is higher. One simple strategy to play this trend is to look for companies that have taken a hit last earnings season. Especially if they play to trends that could lead to them moving higher in the months ahead. Those companies are ripe to trend higher . One potential play meeting that criteria is Carnival Cruise ...
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Insider Activity Report: Flowers Foods (FLO)

Edward Casey, a director at Flowers Foods (FLO), recently bought 5,000 shares. The buy increased his holdings by 33%, and came to a total cost of $117,750. This marks the first insider buy since December, when the company CFO added 1,780 shares and the CEO bought 9,100 shares. Otherwise, insider activity has been mixed, as there have been some small insider sales by employees over the past year. In total, Flowers Foods employees own 7.7% of shares. The packaged baked goods company ...
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Unusual Option Activity: Nike (NKE)

Sports apparel manufacturer Nike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would ...
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