Insider Trading Report: Energy Transfer LP (ET)

Bradford Whitehurst, CFO at Energy Transfer LP (ET) recently picked up 5,000 more shares. The buy increased his holdings by 0.65 percent, and came to a total purchase price of just over $46,000. This is the second insider buy of the year, following a 200,000 share buy from a director back in May. Over the past 3 years, insider buys have far exceeded sellers, even as shares have more than doubled off their pandemic lows. Overall, company insiders own over 27 ...
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Unusual Options Activity: AT&T (T)

Shares of telecom giant AT&T (T) dropped from 52-week highs earlier in the year as the company announced it would sell off its media assets to refocus on being a telecom company. One trader is betting that shares will trend back up. That’s based on the December $30 calls. With 128 days until expiration, over 25,340 contracts traded against an open interest of 222 for a 114-fold jump in volume. The buyer of the calls paid about $0.38 to make the ...
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Big Oil Isn’t Dead Yet: Grab this Growth and Income Play

Yes, the energy industry is changing. But it’s a trend that won’t happen overnight. A number of oil giants are looking into going carbon neutral, but setting goal dates as far out as 2050, nearly 30 years away. Even the shift towards electric vehicles this year is unlikely to become a majority of vehicle sales this decade, at least not without the heavy push of the hands of governments of developed nations. That still leaves oil as a viable investment opportunity ...
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Insider Trading Report: Louisiana-Pacific Corp (LPX)

Alan Hughie, CFO at Louisiana-Pacific Corp (LPX) recently picked up 12,470 more shares. The buy increased his stake by nearly 29 percent, and came to a total price of just under $700,000. This marks the first insider buy of the year, with the last purchase occurring back in November 2020. Overall, company insiders have been active as both buyers and sellers, although insider sales have been higher on average, even as shares have rallied in the past three years. Insiders own ...
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Unusual Options Activity: LiveRamp Holdings (RAMP)

Shares of IT connectivity platform LiveRamp Holdings (RAMP) has seen shares taken a major dive over the past few months, although the company jumped 22 percent higher on Friday thanks to stronger-than-expected earnings. One trader sees a lot of volatility ahead, with the chance for shares to resume their longer-term downtrend. That’s based on the December $45 puts. With 129 days until expiration, over 3,740 contracts traded against a prior open interest of 102, for a 37-fold rise in volume. The buyer ...
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This Global Cloud Play Could Become a European Tech Giant

Companies that can pivot to new business lines can thrive. Those that don’t are likely to be poor performers at best, or go out of business. One European conglomerate, in business for over a century, is looking to expand into the cloud space, going toe-to-toe with big US tech giants. That’s resulting in strong operational performance, and a chance to move beyond industrial roots. That player? Siemens (SIEGY). The German company was founded in 1847, and is one of Europe’s largest companies ...
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Insider Trading Report: CVS Health Corp (CVS)

Edward Ludwig, a director at CVS Health Corp (CVS), recently picked up 3,000 shares. The buy increased his stake by nearly 12 percent, at a total value of around $240,000. This marks the first insider buy since last February, also from the same director. Company insiders have largely been sellers over the past three years, including both executives and directors. As with many large-cap companies, the sales appear tied to the exercise of stock options. Overall, company insiders own just 0.2 ...
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Unusual Options Activity: NOV Inc (NOV)

Shares of oil and gas equipment company NOV (NOV) have been generally heading higher over the past year, with a number of healthy pullbacks along the way. However, one trader sees the possibility for another move higher in the next few months. That’s based on the November $14 calls. With 102 days until expiration, over 10,450 contracts traded against an open interest of 148, for a 71-fold rise in volume. The buyer of the calls paid about $1.13 to make the ...
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