Insider Trading Report: Redfin Corp (RDFN)
James Slavet, a director at
Redfin Corp (RDFN), recently picked up 6,667 shares. The buy increased his holdings by 3.3 percent, and came to a total purchase price of just under $39,000. This follows up on a 100,000 share buy from the director back in September. Other directors were buyers back in May, at a price about 50 percent higher than where shares trade today. Most executives have been sellers of shares in the past three years, although the selling has slowed ...
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Redfin Corp (RDFN), recently picked up 6,667 shares. The buy increased his holdings by 3.3 percent, and came to a total purchase price of just under $39,000. This follows up on a 100,000 share buy from the director back in September. Other directors were buyers back in May, at a price about 50 percent higher than where shares trade today. Most executives have been sellers of shares in the past three years, although the selling has slowed ...
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Unusual Options Activity: QuantumScape Corporation (QS)
Shares of battery technology company
QuantumScape Corporation (QS) are down nearly 60 percent over the past year. One trader sees further downside in shares over the coming months. That’s based on the January 2023 $9 puts. With 102 days until expiration, 11,148 contracts traded compared to a prior open interest of 176, for a 63-fold rise in volume on the trade. The buyer of the puts paid $1.67 to make the downside bet. Shares last traded for just over $9, making this an ...
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QuantumScape Corporation (QS) are down nearly 60 percent over the past year. One trader sees further downside in shares over the coming months. That’s based on the January 2023 $9 puts. With 102 days until expiration, 11,148 contracts traded compared to a prior open interest of 176, for a 63-fold rise in volume on the trade. The buyer of the puts paid $1.67 to make the downside bet. Shares last traded for just over $9, making this an ...
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Invest In Expanding Companies During Bear Markets
Many great companies are built during bear markets. The 1930s saw the rise of
Disney (DIS). The 1970s saw the rise of tech companies like
Microsoft (MSFT). And the Great Recession started the rise of firms like
Airbnb (ABNB) and
Uber (UBER). Existing companies can find new opportunities too. Companies looking to expand while the economy look dire are looking beyond the current short-term fear to long-term opportunities. Investors should do the same. While there’s a lot of fear in the tech space right now, many ...
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Disney (DIS). The 1970s saw the rise of tech companies like
Microsoft (MSFT). And the Great Recession started the rise of firms like
Airbnb (ABNB) and
Uber (UBER). Existing companies can find new opportunities too. Companies looking to expand while the economy look dire are looking beyond the current short-term fear to long-term opportunities. Investors should do the same. While there’s a lot of fear in the tech space right now, many ...
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Insider Trading Report: MillerKnoll (MLKN)
Andrea Owen, President and CEO at
MillerKnoll (MLKN), recently picked up 60,606 shares. The buy increased her stake by 152 percent, and came to a total cost of just over $1.02 million. This marks the first insider buy at the company since mid-2020, when a director picked up 50,000 shares in total. Otherwise, company insiders have been modest sellers of shares in the past three years. Overall, company insiders own 0.6 percent of shares. The furniture maker has seen its shares cut in ...
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MillerKnoll (MLKN), recently picked up 60,606 shares. The buy increased her stake by 152 percent, and came to a total cost of just over $1.02 million. This marks the first insider buy at the company since mid-2020, when a director picked up 50,000 shares in total. Otherwise, company insiders have been modest sellers of shares in the past three years. Overall, company insiders own 0.6 percent of shares. The furniture maker has seen its shares cut in ...
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Unusual Options Activity: Capital One Financial (COF)
Shares of credit service provider
Capital One Financial (COF) are down about 40 percent in the past year. One trader sees further downside in the coming weeks. That’s based on the October 28 $90 puts. With 21 days until expiration, 20,715 contracts traded compared to a prior open interest of 395, for a 52-fold rise in volume on the trade. The buyer of the puts paid $1.70 to bet on a further drop in shares. The stock recently traded for about $99 ...
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Capital One Financial (COF) are down about 40 percent in the past year. One trader sees further downside in the coming weeks. That’s based on the October 28 $90 puts. With 21 days until expiration, 20,715 contracts traded compared to a prior open interest of 395, for a 52-fold rise in volume on the trade. The buyer of the puts paid $1.70 to bet on a further drop in shares. The stock recently traded for about $99 ...
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Stick With Businesses with Steady Demand
Some companies are cyclical. Others are not, having steady demand for their products. While the former can have bigger moves during the right part of the cycle, slow-and-steady players tend to reward investors well over time.
Examples include defensive companies like consumer goods. In that orbit are a number of similar industries that tend to have steady demand, even in a slowing economy.
One such space is the restaurant industry. Consumers tend to downshift on dining out before giving it up entirely ...
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Insider Trading Report: New York Community Bancorp (NYCB)
Marshall Lux, a director at
New York Community Bancorp (NYCB) recently added 6,000 shares. The buy increased his holdings by over 72 percent, and came to a total cost just under $52,000. This marks the first insider activity at the company since June, when another director picked up 25,000 shares, for just under $232,000. Over the past three years, company insiders have exclusively been buyers of the stock, and all buys have come from company directors. Overall, insiders at the regional bank ...
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New York Community Bancorp (NYCB) recently added 6,000 shares. The buy increased his holdings by over 72 percent, and came to a total cost just under $52,000. This marks the first insider activity at the company since June, when another director picked up 25,000 shares, for just under $232,000. Over the past three years, company insiders have exclusively been buyers of the stock, and all buys have come from company directors. Overall, insiders at the regional bank ...
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Unusual Options Activity: Tesla Motors (TSLA)
Shares of electric car manufacturer
Tesla Motors (TSLA) are down about 40 percent from their highs of last year. One trader sees shares rebounding in the next 11 months. That’s based on the September 2023 $360 calls. With 344 days until expiration, 8,553 contracts traded compared to a prior open interest of 506, for a 17-fold rise in volume on the trade. The buyer of the calls paid $26.42 to make the bet. Shares last traded for just under $250 per share, so ...
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Tesla Motors (TSLA) are down about 40 percent from their highs of last year. One trader sees shares rebounding in the next 11 months. That’s based on the September 2023 $360 calls. With 344 days until expiration, 8,553 contracts traded compared to a prior open interest of 506, for a 17-fold rise in volume on the trade. The buyer of the calls paid $26.42 to make the bet. Shares last traded for just under $250 per share, so ...
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