Trading Tips Blog

Brad Roberts, Chief Operating Officer at LifeMD (LFMD), recently bought 5,000 shares. This is an initial stake for the C-suite officer, and came to a total cost of just over $102,000. Insiders have generally been buyers at the telemedicine company over the past three years, even as the share price has skyrocketed during the pandemic. The only sale in that time came from the company’s former COO, who sold nearly half their position in late 2020. Shares of the company have ...
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Most companies looking to survive in the past year moved heavily towards ecommerce sales. However, a few companies have a business model known as the “found treasures.” They offer steep discounts compared to the non-sale price, but the catch is that buyers have to find them by scrounging through a physical store. One such play is Ross Stores (ROST). Shares are just now climbing back to pre-pandemic levels. And shares look like a bargain as shoppers look forward to perusing ...
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John Thornton, a director at Ford Motor Company (F), recently picked up 8,620 shares. The buy increased his holdings by 3.5 percent, and came to a total cost of just over $100,000. This is the first insider buy since last April. In 2018 and 2019, insiders were generally more likely to be sellers of shares, but the past year has only seen insiders pick up shares of the car maker. Overall, insiders own just 0.2 percent of the company. Shares of Ford ...
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Software giant Adobe (ADBE) has been trading in a range for the past few months. The recent market weakness has sent shares towards the lower end of its range, as well as its 200-day moving average. At least one trader is betting that shares will bounce higher. That’s based on the June $420 call options. Over 5,010 contracts traded, a 36-fold rise from the prior open interest of 138. The option expires in 109 days. The trader paid about $61 for the ...
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For-profit prison company Geo Group (GEO) has seen shares trend down in recent weeks. The Biden administration is looking to get out of for-profit prison contracts, suggesting weakness ahead. But one trader sees a bounce first, if not a reversal higher. That’s based on the April $9 calls. With 49 days until expiration and shares just under $8, the stock price would need to move about 12 percent higher for the trade to move in-the-money. Over 12,950 contracts traded, a 43-fold rise ...
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Earnings season continues to offer traders a number of new buying opportunities in great names. That’s even the case when a company declines due to technical reasons rather than fundamental ones. Take the case of Plug Power (PLUG). The hydrogen energy company sold off following an earnings miss. The miss occurred as the company recognized charges from the vesting of warrants. The warrants vested faster than expected in part due to the rising stock price. Talk about being punished for being successful! ...
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Mithaq Capital, a major holder in Software Acquisition Group II (SAII), recently added to their stake with a 1.56 million share buy. The buy increased their holdings by 26 percent, and came to a total price of $17.2 million. This follows on a buy from the day before of 658,000 shares totaling just over $7.5 million. Those are the sole insider buys since the firm went public. SAII is a SPAC, or special purpose acquisition company. Otherwise known as a “blank ...
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Traders looking for market-beating opportunities outside the tech space have been increasingly attracted to energy. Gently-rising oil prices have been a rising tide for the sector. One play getting some attention? Services giant Halliburton (HAL). One trader likes the March 19th $23.50 call options, just $1.50 over the current price near $22. Over 9,850 contracts traded, a 61-fold rise in volume from the prior interest of 162. The buyer paid about $0.78 for the options, which expire in 22 days. Shares have recently ...
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