Insider Trading Report: Crinetics Pharmaceuticals (CRNX)

Perceptive Life Sciences Master Fund, a major owner in Crinetics Pharmaceuticals (CRNX), recently added to its stake with a 304,136 share buy. The purchase increased the fund’s holdings by over 8 percent, and came to a total cost of $5 million. This buy marks the first insider activity of the year. 2020 saw a number of both buys and sells, including an earlier buy from this major holder. Crinetics is a clinical stage company focusing on therapeutics for endocrine diseases and ...
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Unusual Options Activity: Two Harbors Investment Corp (TWO)

Mortgage REIT Two Harbors Investment Corp (TWO) has seen shares slow from a strong rally in recent months to a more sideways trend. One trader is betting that shares are due for a drop. That’s based on the May 21st $7 puts. With just over a month left on the trade, and with shares around $7.40, the put option will move higher on a drop in shares. Over 10,160 contracts traded, a 28-fold rise in volume from the prior open interest ...
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This Utility-Like Play Offers Income and Modest Growth

Heavily-regulated industries tend to be mature, offering little in the way of growth, but most earnings can be given to shareholders as income. While power generation and telecoms tend to be fairly stable, the next step up the growth chain is that of waste management stocks. Not as regulated as these other industries, they tend to operate as a monopoly or duality in a municipality. That provides safety of cash flows, which in turn can translate into steadily growing profits and gradually ...
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Streaming Trends Make this Hardware Play Worth Following

One of the past few trends of the past few years has come from streaming. A number of media companies have considerably expanded their offerings in the past few years. While the media companies themselves are likely to benefit, companies providing streaming hardware and software in general can profit from the ongoing rise of streaming even without having to benefit from a specific media company’s growth. One such play is Roku (ROKU). They provide a platform device that allows for streaming services, ...
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Insider Trading Report: William Penn Bancorp (WMPN)

Alan Turner, EVP and CLO at William Penn Bancorp (WMPN), recently bought 11,000 shares. The buy is an initial stake for the officer. The buy came to a total cost of just over $125,000. Company insiders have gotten active on shares in the past month. Prior to that, company insiders were largely absent from buying or selling going back to 2011. Even with that light trading, company insiders own over 26 percent of shares. The regional bank, which operates 13 locations ...
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Unusual Options Activity: NCR Corp (NCR)

After trading in a range for nearly three months, shares of NCR Corp (NCR) have finally broken higher. One trader sees the trend continuing strongly in the next month. That’s based on the May $46 calls. With 39 days until expiration, over 8,060 contracts traded, a 40-fold rise in volume from the prior open interest of 204 contracts. With shares right around $39, shares would need to rally about 18 percent for the option to move in-the-money. The trader paid about $0.53 ...
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Data-Center Trends Bode Well for This Overlooked Tech Play

Semiconductors continue to look like a bright spot in the tech space following a drop in a number of tech heavy names so far this year. In particular, companies offering new products now to meet demand for the latest and next-generation tech can likely fare well. One surprising play? Intel (INTC). Often written off as a has-been in the chip space thanks to its focus on computers, the company just launched its latest line in server chips, and early results ...
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Insider Trading Report: The Howard Hughes Company (HHC)

Allen Model, a director at The Howard Hughes Company (HHC), recently bought 4,300 shares. The buy increased his holdings by 26 percent, and came to a total purchase price of just under $418,000. Insiders have been active in the past year, with some major buys from Pershing Square Capital Management, but also some sales by them and some various insiders along the way. Overall, company insiders own about 3.6 percent of shares. The developer of master-planned communities has performed well in ...
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