Insider Trading Report: Deere & Co (DE)
Tami Erwin, a director at Deere & Co (DE), recently bought 675 shares. The buy increased her stake by 29 percent, and came to a total cost just under $250,500. This marks the only insider buy at the company over the past two years. Company executives have otherwise exclusively been sellers over the past two years. However, those sales have come following the exercise of stock options. Overall, company insiders own 0.2 percent of shares. The agricultural equipment manufacturer is up about ...
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Unusual Options Activity: GameStop (GME)
Retail game store GameStop (GME) dropped following the announcement that the company CEO was departing. One trader sees shares rebounding from that drop in the coming days. That’s based on the June 30 $22 calls. With 17 days until expiration, 10,388 contracts traded compared to a prior open interest of 250, for a 42-fold rise in volume on the trade. The buyer of the calls paid $1.29 to make the bullish bet. Shares last traded around $21.50, so shares would need to ...
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Use Bad News as an Opportunity to Buy
Companies often fall quickly on bad news. Sometimes, the news is terminal for the company, like a bank being seized and closed down. But most of the time, bad news hits a share price harder than it needs to. That creates a buying opportunity. It’s just important to separate permanent bad news from temporary bad news. As long as a company can continue operating, it’s likely to overcome its challenge and move higher in time. Right now, cryptocurrency exchanges have taken a ...
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Insider Trading Report: Red Robin Gourmet Burgers (RRGB)
Johan Hart, President and CEO at Red Robin Gourmet Burgers (RRBG), recently bought 15,000 shares. The buy increased his stake by 4 percent, and came to a total cost just over $193,000. He was joined by a company director, who bought 4,340 shares valued at $55,300. Over the past two years, insiders have been buyers of shares, at prices varying from half of where shares trade today to nearly double where shares now trade. Overall, insiders own 3.4 percent of shares. The ...
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Unusual Options Activity: Roblox (RBLX)
Metaverse gaming company Roblox (RBLX) has been a solid performer, with shares up 26 percent over the past year. One trader is betting on shares giving up some of their gains in the coming weeks. That’s based on the June 30 $36 puts. With 21 days until expiration, 3,063 contracts traded compared to a prior open interest of 127, for a 24-fold rise in volume on the trade. The buyer of the puts paid $0.79 to make the bearish bet. Shares recently ...
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It’s Time to Buy Stocks Near Lows Now
While the market has held up well thanks to the strong performance of tech stocks, that trend won’t last. It’s possible the overall market could decline as tech stocks shift lower. But we could also see a rotation out of tech and into other sectors. That’s why several parts of the market look attractive now. Many sectors didn’t join the market’s rally, or have since moved to re-test lows from last year. They could be a potential buy. For instance, the telecom ...
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Insider Trading Report: M&T Bank Corp (MTB)
Daryle Bible, CFO at M&T Bank Corp (MTP), recently bought 10,000 shares. This marks an initial stake for the CFO. The buy came to a total cost just over $1.2 million. This is the largest insider activity since last year, when a company director exercised their stock options and sold over 22,700 shares. Insiders have mostly been sellers over the past two years, except for this buy and a small director buy in February. Overall, company insiders own about 0.6 percent ...
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Unusual Options Activity: Oracle (ORCL)
Database firm Oracle (ORCL) has been a strong tech performer, with shares up 47 percent over the past year. One trader sees that trend continuing in the short term. That’s based on the June 30th $115 calls. With 21 days until expiration, 9,417 contracts traded compared to a prior open interest of 197, for a 48-fold rise in volume on the trade. The buyer of the calls paid $1.18 to make the bullish bet. Shares recently traded for about $107, so they ...
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