A Perfect Way to Play the Next Crypto Rally?
After a swift drop earlier in the year after hitting all-time highs, cryptocurrencies have surged higher in prior weeks. The space is pausing again, but may be on track to resume its rally soon. While many companies have embraced cryptocurrencies, the trend is still early. But investors who want exposure to the space without having to buy and store their own have a few solid opportunities. For those just looking for exposure to Bitcoin,
MicroStrategy (MSTR) may be the way to go. The ...
Read More About This
MicroStrategy (MSTR) may be the way to go. The ...
Read More About This
Insider Trading Report: Cree Inc. (CREE)
Loan Le Duy, a director at
Cree Inc. (CREE), recently bought 1,000 more shares. The buy increased the holdings by nearly 6 percent, and came to a total price of just under $85,000. That marks the second insider buy of the year, also from the same director. Overall, insiders have been sellers of shares over the past 2 years, with insiders last buying in late 2019. Overall, insiders own about 0.5 percent of company shares. The manufacturer of semiconductors and light emitting diodes, ...
Read More About This
Cree Inc. (CREE), recently bought 1,000 more shares. The buy increased the holdings by nearly 6 percent, and came to a total price of just under $85,000. That marks the second insider buy of the year, also from the same director. Overall, insiders have been sellers of shares over the past 2 years, with insiders last buying in late 2019. Overall, insiders own about 0.5 percent of company shares. The manufacturer of semiconductors and light emitting diodes, ...
Read More About This
Unusual Options Activity: Opendoor Technologies (OPEN)
Real estate platform company
Opendoor Technologies (OPEN) has been trending down since February. However, one trader sees the potential for a rebound in the next year and change. That’s based on the January 2023 $23 calls. With 508 days until expiration, over 35,013 contracts changed hands, a 71-fold jump in volume from the prior open interest near 490 contracts. The buyer of the calls paid about $3.60 to make the buy. Shares would need to move about 37 percent higher from their current ...
Read More About This
Opendoor Technologies (OPEN) has been trending down since February. However, one trader sees the potential for a rebound in the next year and change. That’s based on the January 2023 $23 calls. With 508 days until expiration, over 35,013 contracts changed hands, a 71-fold jump in volume from the prior open interest near 490 contracts. The buyer of the calls paid about $3.60 to make the buy. Shares would need to move about 37 percent higher from their current ...
Read More About This
The Wealth Effect Will Drive High-End Retailers Higher
Economic data continues to show that the rich got richer during the pandemic. Most were unaffected by shutdowns, and having wealth tied up in appreciating assets like stock and real estate increased their net worth. That’s also true well into the middle class, a trend that also benefits a number of higher-end retailers. Like the big box stores, these companies have held up well, as reduced spending in activities like attending concerts or going out to dine led to higher spending ...
Read More About This
Read More About This
Insider Trading Report: Six Flags Entertainment Corp (SIX)
Arik Ruchim, a director at
Six Flags Entertainment Corp (SIX), recently bought 100,000 shares. The buy increased his stake by 1.2 percent, and came to a total purchase price of just over $3.8 million. This follows a buy from the day before by the company president and CEO, who bought 13,200 shares. That buy came in at just under $500,000. Prior insider activity over the past year had previously been all sales until these buys. Overall, company insiders own about 2 percent ...
Read More About This
Six Flags Entertainment Corp (SIX), recently bought 100,000 shares. The buy increased his stake by 1.2 percent, and came to a total purchase price of just over $3.8 million. This follows a buy from the day before by the company president and CEO, who bought 13,200 shares. That buy came in at just under $500,000. Prior insider activity over the past year had previously been all sales until these buys. Overall, company insiders own about 2 percent ...
Read More About This
Unusual Options Activity: Academy Sports and Outdoors (ASO)
Sporting goods retailer
Academy Sports and Outdoors (ASO) is already up over 200 percent in the past year. One trader sees the opportunity for a further move higher. That’s based on the December $45 calls. With 112 days until expiration, over 9,800 contracts traded compared to a prior open interest of 121, for an 81-fold jump in volume. The buyer of the calls paid about $4.90 to make the trade. With shares around $42, they’d only need to rally by $1 to move ...
Read More About This
Academy Sports and Outdoors (ASO) is already up over 200 percent in the past year. One trader sees the opportunity for a further move higher. That’s based on the December $45 calls. With 112 days until expiration, over 9,800 contracts traded compared to a prior open interest of 121, for an 81-fold jump in volume. The buyer of the calls paid about $4.90 to make the trade. With shares around $42, they’d only need to rally by $1 to move ...
Read More About This
The Big Box Trend Remains Alive and Well
For years, analysts bemoaned the “death of retail.” But consumers remain king, and many still want to shop in person, or online at a store other than
Amazon (AMZN). That’s been a boon largely for the big box stores, which offer convenience, low prices, and a wide selection of offerings. And as earnings season has shown, these stores are still growing while also trading at a reasonable value. Case in point?
Best Buy (BBY). The electronics retailer was seen as a particularly weak competitor ...
Read More About This
Amazon (AMZN). That’s been a boon largely for the big box stores, which offer convenience, low prices, and a wide selection of offerings. And as earnings season has shown, these stores are still growing while also trading at a reasonable value. Case in point?
Best Buy (BBY). The electronics retailer was seen as a particularly weak competitor ...
Read More About This
Insider Trading Report: FireEye (FEYE)
John Watters, President and COO at
FireEye (FEYE), recently picked up 40,000 shares. The buy increased his stake by over 14.4 percent, and came to a total purchase price of just over $680,000. This follows up on a 10,000 share buy from Watters earlier this month. Insiders have been active buyers since June of this year, including a director and a company EVP. Going further back, however, insiders have generally been sellers. Overall, company insiders own about 2.1 percent of company shares. Shares ...
Read More About This
FireEye (FEYE), recently picked up 40,000 shares. The buy increased his stake by over 14.4 percent, and came to a total purchase price of just over $680,000. This follows up on a 10,000 share buy from Watters earlier this month. Insiders have been active buyers since June of this year, including a director and a company EVP. Going further back, however, insiders have generally been sellers. Overall, company insiders own about 2.1 percent of company shares. Shares ...
Read More About This
