
Insider Trading Report: Vistra Corp (VST)
Brian Ferraioli, a director at Vistra Corp (VST), recently picked up 8,050 shares. The buy increased his holdings by nearly 12 percent, and came to a total purchase price of just over $181,000. The buy came three days after the company president and CEO picked up 32,000 shares for just over $547,000. Over the past three years, company insiders have been active as both buyers and sellers, with buyers having a slight edge over that time period. Overall, insiders at the company ...
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Unusual Options Activity: Magnite (MGNI)
Shares of advertising agency Magnite (MGNI) have shed two-thirds of their value in the past year. One trader sees further downside going into the latter half of the year. That’s based on the January 2023 $12.50 puts. With 212 days until expiration, 3,950 contracts traded compared to a prior open interest of 131, for a 30-fold rise in volume on the trade. The buyer of the puts paid $4.30 to get in. Shares recently traded for just over $9.50, meaning the options ...
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Keep Adding Big Tech Winners Amid This Bear Market
Markets have rapidly repriced in the growth prospects for a number of companies. While some of the most speculative names have taken the biggest dive, even great companies that have remained profitable while showing slow and steady growth are at a point where they’ve oversold. For long-term investors, this marks the best point in years to buy growth at a respectable valuation. That’s especially true when it involves companies playing to strong growth trends now. Investors looking forward can get great returns ...
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Insider Trading Report: Fastenal (FAST)
Holden Lewis, CFO at Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by nearly 12 percent, and came to a total price of just under $50,000. He was joined by another EVP, who also picked up 1,000 shares on the same day for about the same price. This adds to further insider buys in recent months, from company executives and directors alike. Going back over the past three years, there has been a mix of insider buys and ...
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Unusual Options Activity: Carvana (CVNA)
Shares of vehicle resale platform Carvana (CVNA) are down over 91 percent in the past year. One trader sees a rebound ahead for the stock in the next 18 months. That’s based on the January 2024 $60 calls. With 577 days until expiration, 10,283 contracts traded compared to a prior open interest of 130, for a 95-fold surge in volume on the trade. The buyer of the calls paid $5.70 to get into the trade. Shares recently traded around $24, so ...
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Short-Term Fears Are Creating the Best Value for Tech in Years
A bear market will take down most stocks, irrespective of how an individual company is performing. This creates a situation where investors can set themselves up to buy great companies at reasonable prices. A great company can be an industry leader, or one that has some sort of competitive advantage or potential sources of growth. Whatever the reason, when markets recover, great companies tend to resume their long-term compounded growth over time. Investors can buy nearly any big tech company at current ...
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Insider Trading Report: NortonLifeLock (NLOK)
Peter Feld, a director at NortonLifeLock (NLOK), recently picked up 2,500,000 shares. The buy increased his holdings by 15 percent, and came to a total price of $55.5 million. This marks the first insider buy at the cyber safety solution company since the summer of 2019. Otherwise, company insiders, including both C-suite executives and directors, have been sellers of shares, irrespective of how shares have traded over the past three years. Overall, company insiders own about 0.5 percent of the company. The ...
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Unusual Options Activity: Nvidia (NVDA)
Shares of graphics processing company Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so ...
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