Insider Trading Report: Gold Resource Corp (GORO)

Alex Morrison, a director at Gold Resource Corp (GORO), just picked up 17,900 shares. The buy increased his stake to over 51,500 shares in total, and came to a total cost of just over $47,000. This marks the first insider buy at the company this year. Insiders have been both buyers and sellers over the past few years, with company insiders generally having the edge over sellers. Insiders own 3.3 percent of shares. Shares of the gold mining company have just bounced ...
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Unusual Options Activity: DraftKings (DKNG)

Sports gambling firm DraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. The option buyer paid about $6.35 for the trade. Online sports gambling is a relatively new ...
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Recovering Economy Points to Increased Profits for this “Toll Road”

One of the casualties of the pandemic has been consumer spending—at least plus or minus any stimulus programs. That’s resulted in reduced shopping and reduced transactions. That’s made it tougher for the credit card networks. However, with a recovering economy and likely more spending across a larger number of goods and services, the traditional card networks are likely to see a comeback in volume. That’s why a number of analysts are upgrading the space. While newer Fintech companies still pose a ...
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Insider Trading Report: Parker Hannifin (PH)

Lance Fritz, a director at Parker Hannifin (PH), recently picked up 3,900 shares. The purchase price came to just under $1.2 million. This marks the first insider buy at the company since mid-2019. Insiders have generally been sellers of shares. Insider sales have been strong from both company executives and directors, even at lower prices than where shares have traded today. Overall, insiders own 0.4 percent of company shares. The specialty manufacturing and industrial company has seen shares rise in recent ...
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Unusual Options Activity: Nvidia (NVDA)

Graphics processing firm Nvidia (NVDA) is a major player in the semiconductor space. The recent shortage hasn’t been enough to keep shares from declining. But one trader sees a big move ahead. That’s based on the May $480 calls. Over 8,500 contracts recently traded, a 56-fold rise in volume from the prior open interest of 153. The trade expires in 70 days, and with shares around $500, the calls are about $20 in-the-money. The trader paid about $50.00, or $5,000 per contract, ...
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Insider Trading Report: Wendy’s Co. (WEN)

E.J. Wunsch, Chief Legal Officer at Wendy’s (WEN), recently bought 7,500 shares. The stake increased the holdings by over 10 percent, and came to just over $142,000. That represents the first insider trade of 2021. In the past year, insiders have been both buyers and sellers. However, sellers have been much larger and more consistent in their activity, albeit mostly at higher prices than where shares trade today. Overall, insiders own nearly 8 percent of shares. The hamburger chain has traded flat ...
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Unusual Options Activity: Zillow (Z)

Shares of Zillow (Z), the real estate aggregation website has been a top winner in the past few years. One trader sees the potential for a bear market in shares. That’s based on the January 2023 $80 puts. With over 680 days until expiration, over 15,000 contracts traded against a prior open interest of 226, a 66-fold jump in volume. At a current price near $125, shares would need to shed nearly one-third for this option to move in-the-money. The trader paid ...
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An Unusual Blue-Chip, Post-Covid Play

Many blue-chip companies have been faring well in recent weeks—especially the ones outside of tech. A few companies that have been seen as typical safe-havens during a market crisis have fared a little worse this time around during the pandemic. One such area has been beverage companies. While people have to drink, they don’t have to at restaurants, which tend to have higher profit margins on beverages. While that’s one area that’s lagged, analysts are starting to get bullish on the ...
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