13520

Insider Trading Report: Union Pacific Corp (UNP)

Teresa Finley, a director at
Union Pacific Corp (UNP), recently added 1,380 shares. The buy represents an initial stake for the director, who paid just under $260,000 for the position. This represents the first insider buy at the railroad since early 2020. Company insiders have been occasional sellers of shares over the past three years, with directors more likely to be buyers following a dip in price. Overall, insiders own 0.3 percent of shares. The railroad has dropped about 19 percent in the ...
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13521

Unusual Options Activity: Star Bulk Carriers (SBLK)

Shares of marine shipping company
Star Bulk Carriers (SBLK) are down about 14 percent in the past year, as shipping rates have started to come off extreme highs. One trader sees an even bigger drop for shares ahead. That’s based on the December 16th $16 puts. With 45 days until expiration, 6,761 contracts traded compared to a prior open interest of 102, for a 66-fold rise in volume on the trade. The buyer of the puts paid $1.60. Shares recently went for ...
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13514

Pick Up This Financial Leader Amid the Latest Market Fear

Sectors tend to start out with an explosion of activity, then consolidate into a few big names over time. That’s played out in everything from automakers to the media. As this happens, surviving companies tend to settle into making steady profits. And when there are just a handful of players, one will typically stand out as the industry leader. This company will fare slightly better than its peers for various reasons. One consolidated sector worth buying for the long term is the ...
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13515

Insider Trading Report: Riley Exploration Permian (REPX)

Alvin Libin, a major owner at
Riley Exploration Permian (REPX), recently added 23,755 shares. The buy increased his stake by 1.2 percent, and came to a total cost just over $641,000. That’s just one of five buys made by the insider in the past few weeks. Other buys have been in the 5,377 to 9,593 share range. In total, this insider has bought over $1.2 million in shares in the past few weeks. In the past three years, insider buying has handily ...
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13517

Unusual Options Activity: Cleveland-Cliffs Inc (CLF)

Shares of iron ore producer
Cleveland-Cliffs (CLF) have lost 40 percent of their value in the past year, more than double the drop in the S&P 500. One trader sees a further decline ahead. That’s based on the March 2023 $9 puts. With 137 days until expiration, 6,374 contracts traded compared to a prior open interest of 117, for a 54-fold rise in trading volume. The buyer of the puts paid $0.41 to get in. Shares recently traded near $14, so the ...
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13509

Buy Strong Brands Being Hit by the Stronger Dollar

One trend this earnings season has been a number of companies impacted by the strength of the US dollar in currency markets. As a result, multinational companies are reporting headwinds, as a strong dollar makes them relatively more expensive in local markets. That trend will end in time, and may even shift quickly once monetary policy stops tightening. As the trend reverses, companies that have been adversely impacted will suddenly benefit. Among multinational companies holding up strong right now is
Mondelez International (MDLZ) ...
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13511

Insider Trading Report: Crown Castle (CCI)

Kevin Stephens, a director at
Crown Castle (CCI), just added 2,000 shares. The buy increased his holdings by nearly 19 percent, and came to a total cost of $247,000. The buy came a few days after another director bought 1,215 shares for an even $150,000. Over the past three years, there’s been a generally equal mix of insider buys and sells, with company directors likely to be buyers and executives likely to be sellers. Overall, company insiders own 0.4 percent of shares. Shares ...
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13512

Unusual Options Activity: AngloGold Ashanti (AU)

Shares of gold mining operation
AngloGold Ashanti (AU) are down 32 percent in the past year, amid a drop in gold-related stocks overall. One trader sees the potential for a surge higher at some point in the next six months. That’s based on the April 2023 $18 calls. With 175 days until expiration, 2,050 contracts traded compared to a prior open interest of 128, for a 16-fold rise in volume on the trade. The buyer of the calls paid $0.68. Shares recently traded ...
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