Insider Trading Report: Coinbase Global (COIN)

Tobias Lutke, a director at Coinbase Global (COIN) recently added 5,291 shares. The buy increased his holdings by 9.6 percent, and came to a total cost of just under $361,000. The buy came a week after the director bought 4,482 shares, paying about $338,000, and the week before that spent $365,000 on 5,894 shares. Overall, insiders have largely been sellers since the company went public in early 2021, with these recent buys marking the first time buying has exceeded selling. In total, ...
Read More
|

Unusual Options Activity: Bank of America (BAC)

Shares of Bank of America (BAC) are down 28 percent in the last year as lending activity has slowed amid a rise in interest rates. One trader sees a further decline over the next two years. That’s base on the January 2025 $32 puts. With 841 days until expiration, 15,002 contracts traded compared to a prior open interest of 935, for a 16-fold rise in volume on the trade. The buyer of the puts paid $6.03 to make the bet. Bank ...
Read More
|

Bet On Companies Incorporating the Latest Tech Trends

A number of companies are developing new and innovative technologies. While older companies may get overlooked during a bull market, many companies can use proven new technologies to improve their business lines. That’s why, while banking hasn’t fundamentally changed, the rise of ATMs has led to a decrease in tellers. And online banking has further reduced the need for a physical location for banking services. In retail, Walmart (WMT) has been an early adopter of technologies like RFID tags to keep a ...
Read More
|

Insider Trading Report: Adobe (ADBE)

Daniel Durn, CFO and EVP at Adobe (ADBE), recently picked up 3,250 shares. The buy increased his holdings by over 57 percent, and came to a total cost of just over $936,000. This is the first insider buy at the company since a director picked up 973 shares back in January. Otherwise, company insiders have been sellers of shares, including both executives and directors. That’s fairly typical for a large-cap tech company, making the rare insider buys more interesting. Overall, company ...
Read More
|

Unusual Options Activity: Yamana Gold (AUY)

Shares of Yamana Gold (AUY) are up 2 percent over the past year, even as gold prices have slid to a two-year low. One trader sees a potential for shares to trend even higher in the coming weeks. That’s based on the November $4.50 calls. With 51 days until expiration, 4,495 contracts traded compared to a prior open interest of 111, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.16 to make the bet. Shares ...
Read More
|

It’s Becoming a Stock Picker’s Market for This Sector

The market is a series of sectors. Investors who invest in the right sectors at the right time can capture a big part of the market’s performance. Those who pick the wrong sector risk being on the losing end of the market. And within a sector, there will be times when some companies fare better than others. That’s when it becomes a stock picker’s market.  Those who can navigate the challenge can make better returns, even in a sector that’s no ...
Read More
|

Insider Trading Report: Alpine Income Property Trust (PINE)

Consolidated Tomoka Land Company, a major owner at Alpine Income Property Trust (PINE), recently added 5,400 shares. The buy increased the fund’s stake by 0.6 percent, and came to a total cost just over $95,300. This adds to other buys made by the fund throughout the year. Additionally, a company SVP has picked up shares back in March. Over the past three years, insiders have been exclusively buyers of shares, with no insider sales. Overall, company insiders own 8.5 percent of shares, ...
Read More
|

Unusual Options Activity: FS KKR Capital Corp (FSK)

Shares of asset manager FS KKR Capital Corp (FSK) are down about 15 percent, the same as the S&P 500, over the past year. One trader sees the possibility for a further decline in shares in the coming weeks. That’s based on the November 18 $17.50 puts. With 52 days until expiration, 15,775 contracts traded compared to a prior open interest of 257, for a 61-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make ...
Read More
|