Insider Activity: Fastenal (FAST)

Director adds to stake of industrial giant. Last week, director Michael Ancius picked up another 1,104 shares of Fastenal (FAST). The buy cost over $33,000 and increased his total stake by just over 5 percent. This marks the first insider buy at the industrial company so far this year, after a number of sales by insiders at higher prices.   Fastenal engages in the distribution of industrial and construction supplies around the world. Products include fasteners such as bolts, nuts, screws, studs, and washers, ...
Read More
|

Insider Activity: pdvWireless (ATEX)

[image] Major fund owner adds to stake. Last week, Owl Creek Asset Management bought over 428,000 shares of pdvWireless Inc (ATEX). This represented a 16 percent increase in the fund’s holdings and brings their total share ownership up to over 3,076,000. The fund, with over $2 billion in assets under management, owns over 10 percent of shares in the company.   pdvWireless provides network and mobile communication solutions to infrastructure and enterprise customers, with a cloud-based mobile resource management solution and push-to-talk mobile communication services, ...
Read More
|

Unusual Options Activity: Facebook (FB)

Trader makes bullish bet before earnings on Wednesday. Shares of Facebook (FB) may rally on Wednesday after it reports earnings. On Monday over 29,400 contracts traded on a July 26th call option on the social media giant. With a strike price of $227.50 and with shares around $200, it’s a bet that shares will move up in the coming four days. Shares would need to move 13.5 percent higher for the trade to move in-the-money.   With the option trading around $0.32, or $32 ...
Read More
|

Insider Activity: Chaparral Energy (CHAP)

Deep-value investment firm adds to stake. Last week, Strategic Value Partners, LLC, already a 10% owner, added to its stake in Chaparral Energy (CHAP). The fund bought 554,321 shares at a cost of just over $3.1 million. This follows on additional buys by the fund in recent weeks. Since April, the fund has seen its total holdings increase from 10.7 million shares to 13.1 million shares. Chaparral Energy engages in the acquisition, exploration, and production of onshore oil and natural gas properties primarily ...
Read More
|

Unusual Options Activity: Brookfield Asset Management (BAM)

Shares likely to move higher by double-digits before year-end. Shares of Brookfield Asset Management (BAM) may be heading higher between now and December, based on a surge of the $55 call options there. On Thursday, over 3,250 of the calls traded against a prior open interest of 187, nearly a 17-fold surge in volume. With shares trading at $48.50 however, the options imply that shares are likely to move at least 13 percent higher between now and December expiration, 154 days away. As ...
Read More
|

Insider Activity: Unit Corp (UNT)

  Director adds to stake of energy exploration company. On Wednesday, director Bailey Peyton picked up another 3,000 shares of Unit Corp (UNT), where he serves as a director. The stake cost $21,900 and increased his shares take to 74,652, an increase of 4.2 percent. This follows on buys made back in May by Peyton, as well as two other directors, at prices ranging from 28 to 38 percent higher than today. Unit Corporation engages in the exploration, acquisition, development and production of natural ...
Read More
|

Unusual Options Activity: Cloudera, Inc (CLDR)

Bet on shares heading higher. Shares of Cloudera (CLDR) may be heading higher between now and February, based on a surge of the $5 call options there. On Thursday, over 8,200 of the calls traded against a prior open interest of 123—a 67-fold surge in volume. With shares trading at $5.50, the options are also about 10 percent in-the-money, meaning they should move penny-for-penny, less the decline in the time premium. Cloudera provides data analytic and management products, operating both a subscription and ...
Read More
|

Insider Activity: Century Bancorp (CNBKA)

Major owner increases stake in regional bank. On Tuesday, James Filler bought just over 2,500 shares of Century Bancorp (CNBKA). He already owns more than 10 percent of shares. The buy, with a total purchase price of $219,000, increases his total position to 702,919 shares, and represents a 0.36 percent increase in his total holdings. Like many other insiders in recent days, Filler sees solid opportunities in companies where he already has a large stake. Century Bancorp is a bank holding company for ...
Read More
|