Insider Trading Report: Veris Residential Inc (VRE)

Akiva Katz, a director at Veris Residential Inc (VRE), recently bought 376,101 shares. The buy increased the director’s stake by 7.6 percent, and came to a total cost of just over $4.36 million. The director previously bought 725,000 shares last week as well, at a total cost of over $8.2 million. And the company’s CEO bought 86,530 shares last week, paying out just under $1 million to do so. Insiders have only been buyers over the past three years. Overall, insiders ...
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Unusual Options Activity: Snap (SNAP)

Shares of social media company Snap (SNAP) are down 86 percent over the past year. One trader sees room fur a further decline in the months ahead. That’s based on the March 17, 2023 $6 puts. With 149 days until expiration, 5,656 contracts traded compared to a prior open interest of 293, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.49 to make the bearish bet. Shares recently traded for over $10.50, so the stock ...
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For Better Investment Results, Capitalize on Multiple Fears

Markets are always bothered by something. That can lead to short-term opportunities that disappear when the fear does. That can include anything from a war to the current fears over how long the Fed will raise interest rates. Looking at a long-term chart of the stock market, it’s clear that fears pass, even if they’re later replaced with new ones when stocks have moved higher.  Today, investors may see better returns from companies that are playing to multiple fears. For example, amid ...
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Insider Trading Report: Enviva Inc (EVA)

Thomas Meth, president of Enviva Inc (EVA), recently added 5,000 shares. The buy increased his holdings by 1.2 percent, and came to a total cost of just over $254,000. He was joined by the company Chairman and CEO, who bought 4,943 shares, for about $250,000, and a company EVP also made a similar buy at the same time. At the same time, a company director made a whopping 200,000 share buy, for about $10.1 million. Going further back, insider activity has been ...
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Unusual Options Activity: Philip Morris International (PM)

Shares of tobacco product company Philip Morris International (PM) are down about 11 percent over the past year. One trader sees a rebound in the coming weeks. That’s based off of the November 18 $90 calls. With 31 days until expiration, 10,359 contracts traded compared to a prior open interest of 626, for a 17-fold rise in volume on the trade. The buyer of the calls paid $1.42 to make a bet on the option. Shares recently traded for just over $85, ...
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Buy Beaten Down Winners Ahead of the Next Market Rally

Bear markets tend to occur every few years. And they include a selloff in all assets – whether of high quality or poor. It’s unusual for blue-chip names to take such a big hit in the span of a year without a strong recovery in the next year. Yet that’s where investors are today. Buying quality names on the cheap can lead to large returns in the years ahead, especially if the market is close to bottoming ahead of a recovery ...
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Insider Trading Report: UMH Properties Inc (UMH)

Matthew Hirsch, a director at UMH Properties Inc (UMH), recently picked up 3,207 shares. The buy increased his holdings by 8.5 percent, and came to a total price of $49,933. That’s on top of other buys from company insiders over the past six months. Going back further, track record includes some sales. But overall in the past three years, insider buys have far exceeded sales, including a major spike in insider buying in early 2020. Overall, company insiders own 7.4 percent ...
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Unusual Options Activity: Caterpillar (CAT)

Shares of construction equipment manufacturer Caterpillar (CAT) have lost about 8 percent in the past year. One trader sees a rebound in shares in the coming months. That’s based on the December $195 calls. With 60 days until expiration, 6,818 contracts traded compared to a prior open interest of 333, for a 21-fold rise in volume on the trade. The buyer of the calls paid $6.88 to get into the trade. Caterpillar shares recently went for about $183, so they’d need to ...
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