Insider Trading Report: REV Group (REVG)

Rodney Rushing, CEO of REV Group (REVG), recently bought 19,292 shares. The buy increased his holdings by just over 2 percent, and came to a total purchase price of $306,000. He was also joined by the company CFO, who bought 7,000 shares, paying just over $111,000. And the company’s General Counsel also bought 1,500 shares around the same time. All told, company insiders own about 3.6 percent of shares. Over the past three years, insiders have generally been accumulating shares, with only ...
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Unusual Options Activity: DropBox (DBX)

Shares of file-sharing company DropBox (DBX) have been rising steeply in recent sessions. While shares are nearing overbought levels on a technical basis, at least one trader sees the potential for a move higher. That’s based on the October $35 calls. Over 11,660 contracts traded a 24-fold rise in volume from the prior open interest of 493. The buyer of the calls paid about $1.11 to make the trade. With shares rallying to just under $30, it will take another 16 percent ...
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This Social Media and Gaming Play Could Break to New Highs

Video games remain a popular and growing part of the entertainment industry. From small indie studious to giants in the space, the E3 conference, held virtually this year, showed off some of the top developments in the space. Many companies had some announcements regarding the latest games and technologies behind them. Some are even trying to shake up how consumers value their companies compared to competitors. Case in point? Microsoft (MSFT). The software giant’s latest X-box lineup is just a smaller part ...
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Unusual Options Activity: Tesla Motors (TSLA)

Since surging to all-time highs over the past year, electric vehicle manufacturer Tesla Motors (TSLA) has seen prices slide, twice hitting a low of around $550 before bouncing higher. One trader sees the potential for another test of that low. That’s based on the July 23 $600 puts. With 39 days until expiration, over 4,230 contracts traded, a 42-fold rise in volume from the prior open interest of 101 contracts. The buyer of the puts paid about $41.30 for the contracts. With ...
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Insider Trading Report: FireEye (FEYE)

Arthur Coviello, a director at FireEye (FEYE), recently picked up an additional 10,000 shares. The buy increased his stake by over 34 percent, and came to a total cost of just over $201,000. This marks the first insider buy at the company in the past three years. Company insiders have been exclusively sellers otherwise, typically by C-level executives. The sales look typical of tech companies that provide extensive stock options for employees. Overall, company insiders own just 2.1 percent of company ...
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Logistics Challenges Overlook Long-Term Potential In this Strong Trend Stock

While most companies have beaten earnings expectations so far this year, a murky outlook or a warning about the costs of inflation have often prevented shares of a company from moving higher. One company just made such a warning. Despite some shortages in key areas, however, it’s shown a strong 32 percent revenue growth, and came out with strong guidance. Yet shares sold off anyway. That company is Chewy (CHWY). Shares peaked in mid-February and are down nearly one-third since then, despite ...
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This Economic Bellwether Sees Growth, Even with Inflation Fears

Few companies can claim a title to being able to provide investors with a view of the global economy. Global shipping companies are such companies. They can tell when volume is up or down, determine the impact of changing fuel costs, and other measures. With United Parcel Service (UPS) looking to rebrand, the company is also looking at substantial growth as the global economy continues to recover. The company’s latest revenue estimates are for nearly $102 billion by the end of ...
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Insider Trading Report: 8×8 Inc (EGHT)

David Sipes, CEO of 8x8 Inc (EGHT), recently bought 43,000 additional shares. The buy increased his holdings by over 9 percent, and came to a total purchase price of just over $1 million. This is the first buy from a company insider since 2019. Company insiders have generally been sellers of shares, which is typical for technology companies that tend to lavish stock options on executives. Overall, company insiders own about 2.7 percent of company shares. The software-as-a-services (SaaS) provider has seen ...
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