11920

Internet of Things Projections Point to Secular Growth For this Key Firm

The Internet of Things (IoT) tech trend is one of many such tech trends investors point to as signs of a big opportunity in tech investments over the next decade. IoT looks particularly attractive as it means the interconnectedness of a number of technologies today, even if the trend as a whole may not sound as exciting as, say, electric vehicles or cryptocurrencies. Any company that can play to this trend can likely earn a profit over the next few years. But ...
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11922

Insider Trading Report: DraftKings (DKNG)

Steven Murray, a director at DraftKings (DKNG), recently picked up 10,000 shares. The buy increased his stake by over 55 percent, and came to a total purchase price of just over $366,000. This is the third director to buy in as many days, following two other insider buys last week. One director bought 7,000 shares, the other 50,000. All told, company insiders have bought over $2.5 million in recent days, marking the first buys since the firm went public. Overall, insiders own ...
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11923

Unusual Options Activity: Dicerna Pharmaceuticals (DRNA)

Shares of pharma company Dicerna Pharmaceuticals (DRNA) soared higher one week ago following a buyout offer of $38.25 per share. One trader sees the potential for a higher offer in the works in the coming weeks. That’s based on the January $40 calls. With 57 days until expiration, over 9,365 contracts traded, an 84-fold jump in volume from the prior open interest of 112. The buyer of the calls paid $0.15 to make the trade. Shares closed just under $38, indicating ...
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11915

Changing Regulations Favor Companies Changing First

The only constant in the world is change. Companies that have been around for decades or even over a century are ones that need to adapt to the times to survive and thrive. For some industries, this change can be quickly driven by technologies and competition. In others, regulatory changes can play a big role as well. Increased environmental regulations in the past few years ensure that even a stodgy industry like utilities have to change as well. Utility provider Dominion Energy ...
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11916

Insider Trading Report: Boston Scientific Corp (BSX)

David Wichmann, a director at Boston Scientific Corp (BSX), recently picked up 25,000 shares. The buy increased his stake by 100 percent, and came to a total purchase price of just under $1.05 million. This action constitutes the sole insider buy of the past three years. Company insiders have largely been sellers, particularly among executives, who are also likely selling off shares acquired as stock options. Overall, company insiders own 0.2 percent of shares. The medical equipment designer and manufacturer has taken ...
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11918

Unusual Options Activity: Kraft Heinz Corp (KHC)

Shares of food conglomerate Kraft Heinz Corp (KHC) have been gradually trending higher over the past few months. One trader is betting on a further rally in the coming weeks. That’s based on the December 3 $36 calls. Expiring at the end of next week, over 20,817 contracts recently traded, a 135-fold jump from the prior open interest of 154 contracts. The buyer of the calls paid $0.28 to make the trade. Shares last went for about $35 per share, so the ...
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11907

A Simple Way to Play This Alternative Asset Trend

For many alternative assets, there’s simply no way to make a liquid trade on an exchange. For those who care about fine art, the wine market, rare stamps or coins, there’s no easy fund to buy into. However, investors in the latest new asset class, cryptocurrencies, are finding an increasing number of options. It’s now been a year since major payment platforms have allowed users to park their cash in crypto names instead. A number of brokerage firms allow such trades ...
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11909

Insider Trading Report: Cleveland-Cliffs (CLF)

Keith Koci, an EVP at Cleveland-Cliffs (CLF), recently picked up 10,000 shares. The buy increased his stake by nearly 5 percent, and came to a total purchase price of just over $218,000. This marks the first insider buy at the company since May. Overall, company insiders have been regular buyers of shares over the past three years, with some moderate sales by company directors earlier this year and the sale of a stake from a major company back in February. Overall, company ...
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