Trading Tips Blog

James Wainscott, a director at CSX Corp (CSX), recently picked up 10,000 shares. The buy increased his position by nearly 95 percent, and came to a total price of just over $330,000. This marks the first insider buying at the company since the summer of 2020, and the first insider activity of any kind since last October. Otherwise, company directors and executives, have been sellers of shares though the end of last year. Overall, insiders own just over 0.2 percent of ...
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Shares of internet hardware provider Cisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead. That’s based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade. Shares last went for about $50, so the stock would need ...
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The media space is a lucrative one, and one where just a few companies control the bulk of the industry. However, the past few years has seen many media companies rise and fall as plans have come to fruition to build their own streaming services and compete with each other. While this has been going on, another niche part of the media space has been growing steadily, and even before the pandemic was posting better numbers than the box office. That space ...
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Stephen Luczo, a director at Morgan Stanley (MS), recently bought 25,000 shares. The buy increased his stake by 11.8 percent, and came to a total price of just over $1.98 million. This marks the first insider buy at the company since late 2020. Over the past three years, company insiders, including both executives and directors, have generally been regular and consistent sellers of shares. Despite those sales, insiders at the investment bank own 21.8 percent of shares. The stock has pulled back ...
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Shares of gold producer Agnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That’s based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90. Shares last traded around ...
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The past six months have been devastating for growth companies. From the tech space to speculative startups to everything crypto, many of the well-known growth stories of the past year have seen their gains evaporate – and then some. However, the more slow-and-steady companies have been holding up far better now. And some even play to multiple favorable market trends now, which make them likely to continue performing well in the future. That latter category is where Berkshire Hathaway (BRK-B) has been ...
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Howard Schultz, interim CEO of Starbucks (SBUX), recently added 137,500 shares. The buy increased his holdings by 0.6 percent, and came to a total purchase price of just under $10 million. This marks the first insider buy at the company over the past three years. Otherwise, company executives and directors alike have been regular sellers of shares of the beverage chain giant. The buy comes following the company’s latest earnings, and as Schultz takes up the CEO role for the third ...
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Shares of regional bank Synchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than ...
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