12825

Insider Trading Report: KBR Inc (KBR)

Mark Sopp, an EVP and CFO at
KBR Inc (KBR), recently picked up 2,150 shares. The buy increased his holdings by just under 2 percent, and came to a total purchase price of just under $101,000. This marks the second buy from this CFO in the past six months. Over the past three years, company insiders have been more likely to be sellers than buyers. Overall, company insiders own about 1 percent of shares. The engineering company has seen shares rise about 13 ...
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12826

Unusual Options Activity: Starbucks (SBUX)

Shares of coffeehouse chain
Starbucks (SBUX) have lost more than one-third of their value in the past year. One trader sees the potential for a rally in shares in the second half of the year. That’s based on the December $85 calls. With 205 days until expiration, 46,245 contracts traded compared to a prior open interest of 485, for a 95-fold surge in volume on the trade. The buyer of the calls paid $3.06 to get into the trade. Shares recently traded around ...
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12810

Pick Up Companies Increasing Market Share Now

When the economy contracts, consumers shift their spending habits. This can result in a number of companies losing market share – while a few gain. That can be seen across a number of industries. Based on the earnings data so far, one prospective place for strong returns going forward could come from discount retailers. These companies have been hit like other stocks right now, but going forward could see strong sales and rising market share. One prospective play here is retailer
Ross Stores ...
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12818

Insider Trading Report: Camping World Holdings (CWH)

Kent Schickli, a director at
Camping World Holdings (CWH), recently added 10,000 shares. The buy increased his holdings by 15 percent, and came to a total purchase price of $284,000. This marks the first insider buy of the year. Over the past three years, insider buying has been mixed, with large amounts of insider buying in 2019 and 2020, and less insider activity overall in the past year. Overall, insiders at the company own 4.1 percent of shares. Shares of the recreational vehicle ...
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12819

Unusual Options Activity: Bloomin’ Brands (BLMN)

Shares of restaurant chain
Bloomin’ Brands (BLMN) have shed nearly one-third of their value in the past year. However, one trader sees the possibility for a rebound in the second half of the year. That’s based on the January 2023 $15 calls. With 241 days until expiration, 10,000 contracts traded compared to a prior open interest of 23, for a 43-fold rise in volume on the trade. The buyer of the calls paid $5.80 to get in. The stock recently traded just ...
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12804

Stay Defensive with Recession-Resistant Trades Now

While investors have largely soured on growth stocks, a few sectors are holding up well. Most of them are commodity-based companies, as that space has delivered strong returns this year. Some companies are also holding up well because business tends to be steady, no matter what’s happening in the economy. One of the better possible trades in the coming months could come from companies offering both. Agricultural commodities have been rising as geopolitical tensions and reduced fertilizer production have impacted the global ...
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12806

Insider Trading Report: Paramount Global (PARA)

National Amusements Inc, a major holder at
Paramount Global (PARA), recently added 646,764 shares. The buy increased the company’s stake by just over 2 percent. The company paid just under $21 million to make the buy. This is the first insider activity at the company since the summer of 2020. Over the past three years, company insiders have largely been buyers when there has been insider activity. Overall, company insiders own about 5.4 percent of shares. While shares have lost a quarter of ...
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12809

Unusual Options Activity: Transocean (RIG)

Shares of offshore drilling equipment company
Transocean (RIG) are up about 7 percent in the past year. One trader sees the potential for share to fall in the months ahead. That’s based on the May 2023 $3.00 puts. With 361 days until expiration, 10,032 contracts traded compared to a prior open interest of 352, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.60 to get into the trade. Shares recently traded for about $4.00, so ...
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