Insider Activity Report: Cummins (CMI)
William Fisher, a director at
Cummings (CMI), recently bought 562 shares. The buy increased his position by 111 percent, and came to a total cost of $149,810. This marks the first insider buy at the company over the past two years. Company insiders have largely been sellers of shares following the exercise of stock options, with sales sometimes ranging as high as over $13 million from the company’s Chairman. Overall, Cummins insiders own 0.4 percent of shares. The engine manufacturer is up ...
Read More About This
Cummings (CMI), recently bought 562 shares. The buy increased his position by 111 percent, and came to a total cost of $149,810. This marks the first insider buy at the company over the past two years. Company insiders have largely been sellers of shares following the exercise of stock options, with sales sometimes ranging as high as over $13 million from the company’s Chairman. Overall, Cummins insiders own 0.4 percent of shares. The engine manufacturer is up ...
Read More About This
Unusual Options Activity: Block (SQ)
Digital payment company
Block (SQ) has been an underperforming stock in the past year, with shares just breaking even after a big earnings beat. One trader sees shares trending lower in the weeks ahead. That’s based on the May $70 puts. With 73 days until expiration, 26,315 contracts traded compared to a prior open interest of 1,128, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.30 to make the bearish bet. Block recently trade near $80 ...
Read More About This
Block (SQ) has been an underperforming stock in the past year, with shares just breaking even after a big earnings beat. One trader sees shares trending lower in the weeks ahead. That’s based on the May $70 puts. With 73 days until expiration, 26,315 contracts traded compared to a prior open interest of 1,128, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.30 to make the bearish bet. Block recently trade near $80 ...
Read More About This
Shifting Consumer Spending Trends May Boost This Industry Leader
Consumers have made some big shifts in recent years. The pandemic fueled spending on home goods and electronics. Then, consumers shifted away from buying those products in favor of services such as travel and tourism.
Today, consumer spending is showing some signs of shifting. That shift indicates that consumers may be more price-conscious following inflation, meaning they’ll want to look for the lowest-priced bargains.
That may explain why
eBay (EBAY) is faring well here. The online auction leader just beat earnings ...
Read More About This
eBay (EBAY) is faring well here. The online auction leader just beat earnings ...
Read More About This
Insider Activity Report: Goosehead Insurance (GSHD)
Mark Miller, President and COO of
Goosehead Insurance (GSHD), recently bought 5,000 shares. The buy increased his position by 33 percent, and came to a total cost of $369,275. He was joined by the company’s CFO, who bought a new position of 1,332 shares, valued at $99,714. And the company’s general counsel also made an initial buy of 1,000 shares valued at $73,460. Going further back, company insiders have generally been sellers of shares. Overall, Goosehead insiders own 7.9 percent of ...
Read More About This
Goosehead Insurance (GSHD), recently bought 5,000 shares. The buy increased his position by 33 percent, and came to a total cost of $369,275. He was joined by the company’s CFO, who bought a new position of 1,332 shares, valued at $99,714. And the company’s general counsel also made an initial buy of 1,000 shares valued at $73,460. Going further back, company insiders have generally been sellers of shares. Overall, Goosehead insiders own 7.9 percent of ...
Read More About This
Unusual Options Activity: Bumble (BMBL)
Dating app
Bumble (BMBL) is down 45 percent over the past year, and sank 15 percent following earnings earlier this week. One trader sees further weakness ahead for shares in the coming weeks. That’s based on the April $10 puts. With 48 days until expiration, 39,751 contracts traded compared to a prior open interest of 1,067 for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. The company has struggled operationally in ...
Read More About This
Bumble (BMBL) is down 45 percent over the past year, and sank 15 percent following earnings earlier this week. One trader sees further weakness ahead for shares in the coming weeks. That’s based on the April $10 puts. With 48 days until expiration, 39,751 contracts traded compared to a prior open interest of 1,067 for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. The company has struggled operationally in ...
Read More About This
This Out of Favor Brand Leader May Trend Higher
While stocks are still near all-time highs, many sectors of the market have lagged. Part of that is simply the excitement in the tech space. Another part is that many non-tech companies have high production costs and lower profit margins.
Several of these companies now trade at a compelling discount to the overall stock market. And many also pay generous dividends, reflecting the power of their brands and the moderate growth opportunities ahead.
For instance,
Whirlpool Corporation (WHR) have sunk 22 percent over ...
Read More About This
Whirlpool Corporation (WHR) have sunk 22 percent over ...
Read More About This
Insider Activity Report: Caterpillar (CAT)
David Maclennan, a director at
Caterpillar (CAT), recently bought 350 shares. The buy increased his position by 7 percent, and came to a total cost of $113,180. This marks the first insider buy since Maclennan bought 400 shares in February 2023, paying just under $100,000. Otherwise, company insiders have been moderate sellers of shares over the past two years, largely following the exercise of stock options. Overall, Caterpillar insiders own 0.2 percent of shares. The farm and construction equipment manufacturer is up ...
Read More About This
Caterpillar (CAT), recently bought 350 shares. The buy increased his position by 7 percent, and came to a total cost of $113,180. This marks the first insider buy since Maclennan bought 400 shares in February 2023, paying just under $100,000. Otherwise, company insiders have been moderate sellers of shares over the past two years, largely following the exercise of stock options. Overall, Caterpillar insiders own 0.2 percent of shares. The farm and construction equipment manufacturer is up ...
Read More About This
Unusual Options Activity: Automatic Data Processing (ADP)
Payroll processing company
Automatic Data Processing (ADP) is up 15 percent over the past year, slightly underperforming the overall stock market. One trader sees further upside in the months ahead. That’s based on the April $270 calls. With 49 days until expiration, 3,731 contracts traded compared to a prior open interest of 108, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.65 to make the bullish bet. ADP shares recently traded for about $251, so they ...
Read More About This
Automatic Data Processing (ADP) is up 15 percent over the past year, slightly underperforming the overall stock market. One trader sees further upside in the months ahead. That’s based on the April $270 calls. With 49 days until expiration, 3,731 contracts traded compared to a prior open interest of 108, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.65 to make the bullish bet. ADP shares recently traded for about $251, so they ...
Read More About This
