13657

Insider Trading Report: The Howard Hughes Corporation (HHC)

Pershing Square Capital Management, a major holder at
The Howard Hughes Company (HHC), recently added another 1,560,205 shares. The buy increased the fund’s stake by just over $109 million, an increase of 11 percent. The fund was also the last buyer of shares, picking up about 150,000 shares back in September 2021. Back then, they paid about $13.8 million for a position that’s now down nearly 20 percent. Other company insiders have been fairly quiet this year. Overall, company insiders own 0.9 ...
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13659

Unusual Options Activity: AGNC Investment Corp (AGNC)

Shares of mortgage REIT
AGNC Investment Corp (AGNC) have slid 35 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the June 2023 $7.00 put. With 192 days until expiration, 32,159 contracts traded compared to a prior open interest of 358, for a 90-fold rise in volume on the trade. The buyer of the puts paid $0.26 to make the bet. AGNC stock recently traded near $10, so the stock would need to fall ...
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13651

This Surprising Cloud Services Player May Outperform

The past few years have seen a number of companies come to compete for cloud services. Most have focused around providing the hardware itself. That oligopoly looks fairly secure. But there’s still a rich environment for cloud services providers to benefit. Some are new players to the tech space, built up quickly over a few years. Other players aren’t new to the tech space, but have adapted with the times. One of those latter players is performing surprisingly strongly now. That company ...
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13653

Insider Trading Report: MidWestOne Financial (MOFG)

Charles Reeves, CEO at
MidWestOne Financial (MOFG), recently bought 24,858 shares. The buy increased his holdings by nearly 350 percent, and came to a total cost just under $857,000. This marks the first insider buy at the company since March, when a director picked up 350 shares, paying just under $11,000 to do so. Other company executives have been buyers in the past two years. The last insider sale was over two years ago. Overall, company insiders own 8.2 percent of shares ...
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13654

Unusual Options Activity: ExxonMobil (XOM)

Shares of energy giant
ExxonMobil (XOM) have been on a tear this year, with an 85 percent rally. One trader sees a pullback in the months ahead. That’s based on the February 2023 $80 puts. With 77 days until expiration, 4,511 contracts traded compared to a prior open interest of 183, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.44 to make the downside bet. The stock last traded for just under $112, so shares would ...
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13646

As Cyber Monday Grows, Grab a Winner

Cyber Monday’s growing influence over retail sales encompasses both the sale of physical goods from retailers online, as well as services that can be made online. The latter category, without storage or shipping costs, can be a higher profit-margin center for companies with such services. With this year’s holiday spending underway, a few early winners from Cyber Monday have emerged. And investing in those companies could make profits even beyond the holiday season. For instance,
Electronic Arts (EA) saw some best-selling games ...
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13647

Insider Trading Report: Global Partners LP (GLP)

Global GP LLC, the general partner of
Global Partners LP (GLP), recently added 4,100 shares to their holdings. The buy increased the GP’s stake by nearly 8 percent, and came to a total cost just over $130,000. This is the 8th buy from the general partner this year. A company director has also been a recent buyer, picking up 2,000 shares for just over $56,000 back in September. The last insider sale occurred back in May. Overall, company insiders own 20 percent ...
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13649

Unusual Options Activity: Vale (VALE)

Shares of iron ore producer
Vale (VALE) are up 22 percent in the past year, but are still well under the year’s highs. One trader sees shares moving higher through the first half of 2023. That’s based on the June 2023 $18 calls. With 196 days until expiration, 21,539 contracts traded compared to a prior open interest of 822, for a 26-fold rise in volume on the trade. The buyer of the calls paid $1.25 to get into the trade. Shares recently traded ...
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