Insider Trading Report: Invesco (IVZ)
Trian Fund Management, a major holder at
Invesco (IVZ), recently picked up 3,724,600 shares. The buy increased the fund’s stake by just over 7 percent, and came to a total price of just over $86 million. The buy comes as the fund bought nearly 10 million shares back in March, paying more than $210 million for that stake in total. Going further back, company insiders have been regular sellers of shares. Overall, company insiders at the asset management firm own a scant ...
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Invesco (IVZ), recently picked up 3,724,600 shares. The buy increased the fund’s stake by just over 7 percent, and came to a total price of just over $86 million. The buy comes as the fund bought nearly 10 million shares back in March, paying more than $210 million for that stake in total. Going further back, company insiders have been regular sellers of shares. Overall, company insiders at the asset management firm own a scant ...
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Unusual Options Activity: PulteGroup (PHM)
Shares of homebuilder
PulteGroup (PHM) have been sliding in recent months. But one investor sees the possibility for a rally in the coming months. That’s based on the July $45 calls. With 92 days until expiration, 27,149 contracts traded compared to a prior open interest of 119, for a 228-fold rise in volume on the trade. The buyer of the calls paid $2.18 to get into the trade. Shares recently traded for just under $42, so shares would need to rally about ...
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PulteGroup (PHM) have been sliding in recent months. But one investor sees the possibility for a rally in the coming months. That’s based on the July $45 calls. With 92 days until expiration, 27,149 contracts traded compared to a prior open interest of 119, for a 228-fold rise in volume on the trade. The buyer of the calls paid $2.18 to get into the trade. Shares recently traded for just under $42, so shares would need to rally about ...
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Downgrades For Top Companies Offer a Counter-Intuitive Buying Opportunity
Wall Street analysts tend to be quick to upgrade stocks that are rallying, and quick to downgrade a stock after it’s fallen. Traders who take the opposite tack tend to cash out during a rally, and tend to end up buying in when shares are at a bargain price. With many companies already down heavily, it’s no surprise that downgrades continue to trickle in, even though the worst may have passed for the stock market for some time. Case in point?
Nvidia (NVDA) ...
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Nvidia (NVDA) ...
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Insider Trading Report: Confluent (CFLT)
Brad Gerstner, a major owner at
Confluent (CFLT), recently added 439,200 shares. The buy increased his holdings by 8.3 percent, and came to a total price of just over $17.1 million. That follows up on two buys he also made in the last month, one for 175,000 shares just over $6.7 million, and one for 201,700 shares for just over $7 million. Going back further, company insiders have been more prone to sell shares. Insiders own just under 0.4 percent of the ...
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Confluent (CFLT), recently added 439,200 shares. The buy increased his holdings by 8.3 percent, and came to a total price of just over $17.1 million. That follows up on two buys he also made in the last month, one for 175,000 shares just over $6.7 million, and one for 201,700 shares for just over $7 million. Going back further, company insiders have been more prone to sell shares. Insiders own just under 0.4 percent of the ...
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Unusual Options Activity: General Motors (GM)
Shares of
General Motors (GM) are near a 52-week low thanks to high inflation, supply chain shortages impacting auto production, and the view of a slowing economy. One trader is betting on a rebound in the coming weeks. That’s based on the June $42 calls. With 65 days until expiration, 24,263 contracts traded hands, a 144-fold surge in volume compared to the prior open interest of 169. The buyer of the calls paid $2.32 to get into the trade. Shares recently traded just ...
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General Motors (GM) are near a 52-week low thanks to high inflation, supply chain shortages impacting auto production, and the view of a slowing economy. One trader is betting on a rebound in the coming weeks. That’s based on the June $42 calls. With 65 days until expiration, 24,263 contracts traded hands, a 144-fold surge in volume compared to the prior open interest of 169. The buyer of the calls paid $2.32 to get into the trade. Shares recently traded just ...
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The Best Market Defense Is… A Good Defense Stock
Historically, defense stocks haven’t necessarily related to the defense and aerospace industry. However, in today’s economic and geopolitical climate, it’s not a bad place to look. The space has tended to consistently outperform the overall stock market, and even with a spike in recent weeks, shares of many big names haven’t reached an overvalued level right now. That points to further moves higher, even if geopolitical tensions calm down. One such name in the space is
General Dynamics (GD). The defense company trades ...
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General Dynamics (GD). The defense company trades ...
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Insider Trading Report: Dave & Buster’s Entertainment (PLAY)
Kevin Sheehan, Interim CEO at
Dave & Buster’s Entertainment (PLAY), recently added 10,000 shares. The buy increased his holdings by 6.5 percent, and came to a total purchase price of $405,800. This marks the first insider buy of the year. The CEO was the last buyer of 2021 as well. However, other companies insiders, all C-suite executives, have all been regular sellers of shares going back to 2019. Overall, insiders own about 2.2 percent of the company. Shares of the entertainment company are ...
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Dave & Buster’s Entertainment (PLAY), recently added 10,000 shares. The buy increased his holdings by 6.5 percent, and came to a total purchase price of $405,800. This marks the first insider buy of the year. The CEO was the last buyer of 2021 as well. However, other companies insiders, all C-suite executives, have all been regular sellers of shares going back to 2019. Overall, insiders own about 2.2 percent of the company. Shares of the entertainment company are ...
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Unusual Options Activity: Carnival Cruise Lines (CCL)
Shares of
Carnival Cruise Lines (CCL) have been trading in a range over the past year. One trader sees shares, near the low end of their range right now, heading higher in the next few weeks. That’s based on the May 6th $18.50 calls. With 24 days until expiration, 15,210 contracts traded compared to an open interest of 122, for a 125-fold surge in volume on the trade. The buyer of the calls paid $1.10 to get into the trade. The stock last ...
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Carnival Cruise Lines (CCL) have been trading in a range over the past year. One trader sees shares, near the low end of their range right now, heading higher in the next few weeks. That’s based on the May 6th $18.50 calls. With 24 days until expiration, 15,210 contracts traded compared to an open interest of 122, for a 125-fold surge in volume on the trade. The buyer of the calls paid $1.10 to get into the trade. The stock last ...
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