Insider Activity: Century Bancorp (CNBKA)

Major owner $140,000 additional buy. James Filler, a major owner at Century Bancorp (CNBKA), added 1,612 shares to his stake lately. This brought his total ownership up to 725,341 shares, and he paid nearly $140,000 to make the trade. This follows up from a 1,044 share buy he made last month, and other insiders have been buyers of shares near recent prices for the regional bank as well. There have been no insider sales in the past three years. Shares of the bank are up nearly 13 percent in the past year, handily beating the S&P 500’s return in that timeframe. Shares ...
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Unusual Options Activity: Yamana Gold (AUY)

Surge in October 25th call options. The October 25th $4 call options on Yamana Gold (AUY) saw trading of over 2,950 options contracts against an open interest of 254. That 11-fold surge in volume indicates that at least one trader is betting on higher gold prices this month. With 16 days until expiration and with shares around $3.50, shares of the gold miner would need to rally at least 14.5 percent for the option to trade in-the-money. With the option trading at just $0.03, or $3 per contract, however, there’s little for the call buyer to lose even if the option expires ...
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Five Tips For Investing In Marijuana Stocks

What you need to know to recognize great opportunities at a glance. The global marijuana market is gathering momentum as an increasing number of states and countries are shifting their views on it. Over 32 states allow it medically, and at least 10 allow its use recreationally, with a number of other states looking to join the list. These states are seeing higher tax revenues as it occurs, and can redirect law enforcement funds to higher priorities. With this trend underway, here are five tips to finding the best investment opportunities: Tip #1: Know which type of marijuana stock you’re buying. The marijuana ...
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Unusual Options Activity: Analog Devices (ADI)

Call option buys indicate higher move ahead. A number of options plays on Analog Devices (ADI) occurred with unusual volume. The November 15th 2019 $115 calls saw over 4,500 contracts trade, a 40-fold surge in volume from the prior open interest of 113. With shares just under $113, shares need to move about $2 higher, or 1.8 percent, in the next 38 days for these options to move in-the-money. The expiration is right before the company next announces earnings in late November. The semiconductor company creates a variety of integrated circuits, algorithms, software, and subsystems for various markets. Shares are up 31 ...
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Insider Activity: Barnes & Noble Education (BNED)

Major owner makes $1.4 million buy. Outerbridge Master Fund, a major holder in Barnes & Noble Education (BNED), picked up nearly 476,000 shares recently, increasing their holdings by over 8 percent. The buy also raised their total share count to 6,396,895 shares. At a price of $3.01, the purchase came to just over $1.4 million, and is the fund’s third buy in the past three weeks. Corporate insiders have both bought and sold shares year-to-date. However, the bulk of sales occurred from a different fund exiting the position at prices over 50 percent higher than where shares trade today. Barnes & Noble Education ...
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Insider Activity: Immunomedics (IMMU)

Chief quality officer makes $71,000 buy and fund adds 1.5 million shares. Bryan Ball, Chief Quality Officer at Immunomedics (IMMU), bought 5,000 shares, paying around $71,000 to do so. This doubles his stake, following a similarly-sized buy back in June. Besides insider buying by officers, a number of funds have been accumulating shares as well, including a 1.5 million share buy by Avoro Capital Advisors in early October. The fund now owns over 21 million shares, or about 11 percent of the total shares outstanding. Immunomedics is a clinical-stage biopharmaceutical company developing antibody-based products for the treatment of cancer. The company is not ...
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Unusual Options Activity: MGM Resorts International (MGM)

60-fold surge in call-buying volume. With 8,900 contracts trading on the November 1st $29 call options on MGM Resorts International (MGM) saw a 60-fold surge in volume from its prior open interest of 150 contracts. With 25 days left to go, and with shares just over $27, the option trade will expire worthless unless shares rise to at least $29, or 7.4 percent. With the company reporting earnings the last week of October, shares could have a big enough bounce to move in-the-money. Casino plays have been a popular place for traders this year, as well as from corporate insiders, including prior ...
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What You Need to Know About Marijuana Stocks

Combine news developments with this key indicator to find winning trades. Marijuana stocks are volatile by nature. Every time a new state legalizes, there’s a flurry of investment activity in the space—followed by a drop in shares when immediate, large profits fail to materialize. Like any sector, the cannabis plays can go in and out of favor with the overall market. When they’re in favor, that’s when you want to be already positioned to take profits. It’s when the sector is out of favor that you want to buy. That’s because the sector has long-term potential, but it also attracts a lot of ...
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