Insider Trading Report: Purple Innovation Inc (PRPL)

Gary Kiedaisch, a director at Purple Innovation (PRPL) recently picked up 5,000 shares. The buy increased his holdings by 12 percent and came to a total purchase price of $150,000. That’s the first insider buy at the company since March 2020. Insiders have typically been sellers over the past year, including a multimillion share sale from a prior major owner. Insiders at the company now own just under 0.5 percent of shares. That’s too bad, as those insiders missed out on ...
Read More
|

Unusual Options Activity: Capital One Financial (COF)

Shares of finance company Capital One Financial (COF) have been in a steady uptrend for the past few months. One trader sees the potential for a continued rally higher. That’s based on the June 2021 $150 calls. With 76 days left to trade, and with shares near $130, shares would need to rise another 15 percent for the option to move in-the-money. Over 4,640 contracts traded, a 39-fold rise from the prior open interest of 119. The trader paid about $2.04 for ...
Read More
|

This Pandemic-Era Trend Is Continuing Strong in 2021

While the pandemic caused a shift to working from home and made companies like Zoom Communications (ZM) a household name, other trends played out as well. Spending more time in the home, consumers started spending more on home goods. That’s a trend that looks likely to continue as the economy recovers and incomes rise. For those on the higher-end of the economic scale who were relatively unaffected, it bodes very well for high-end furnishing companies. One big player? Williams-Sonoma (WSM). The company ...
Read More
|

Insider Trading Report: QuantumScape (QS)

Volkswagen Group, a major holder of QuantumScape (QS) made an additional 15.2 million share buy recently. That increased the company’s holdings by nearly 30 percent. The purchase price came to just over $100 million. The share buy occurred as the lithium-metal battery company met a technical milestone. This purchase by Volkswagen is the first insider transaction at the company. In total, all insiders at the company still retain over 30 percent of shares. Shares of QuantumScape went public last August via a ...
Read More
|

Unusual Options Activity: Rio Tinto Group (RIO)

Mineral ore producer Rio Tinto Group (RIO) saw shares double in the past year, going from $45 to $92, before a pullback starting in February. Now, one trader sees a rebound in shares. That’s based on the January 2022 $86.57 calls. Over 13,862 of the contracts traded, a 60-fold jump in volume from the prior open interest of 230. The trade expires in 292 days. The buyer paid about $4.60 for each contract. With shares near $78, the option will move in-the-money ...
Read More
|

Insider Trading Report: Oracle (ORCL)

Alison Fairhead, a director at Oracle (ORCL), recently bought 10,242 shares. The buy came to just under $690,000 and increased her holdings by 173 percent. Insiders are typically overwhelmingly sellers at the company, as to be expected from a big cap tech company that generously issues options to executives. Over the past three years, the only other insider buys occurred in March 2020, right at the bottom of the pandemic selloff. Thanks to the large holdings by billionaire Larry Ellison, insiders still ...
Read More
|

Here’s What to Do as Apple Rallies on the iCar Rumor

Apple (AAPL) is one of the greatest performing stocks of all time. However, the company has often shifted between rapid innovations of new products and spending years without any significant new products. The past few years have seen few new developments, as the company has focused on annual upgrades to existing technologies. However, that hasn’t stopped rumors from starting about various new products. The latest rumor? An Apple-branded car. The company hasn’t said anything about such a product yet, but that hasn’t ...
Read More
|

Unusual Options Activity: Under Armour (UA)

Shares of Under Armour (UA) have been rallying the past few months but have stalled out in recent weeks. One trader is making a big bet on a move higher. That’s based on the April 16th $18.50 calls. The at-the-money trade has just two weeks until expiration. Yet over 35,760 contracts traded, a staggering 270-fold rise in volume from the prior open interest of 132 contracts. The call buyer paid about $0.70 for each contract. Shares have traded as high as $20 ...
Read More
|