10767

Insider Trading Report: Volt Information Sciences (VOLT)

Arnold Ursaner, a director at
Volt Information Sciences (VOLT), recently bought 3,500 shares. The buy increased his holdings by 3 percent, and came to a total cost of just over $12,500. This buy marks the first insider transaction since 2019. Company insiders were bullish on shares in late 2019, with a number of directors and C-suite executives making buys. There have been no insider sales over the past three years. Overall, company insiders own over 35 percent of shares. The job placement ...
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10765

Reopening or Not, this Brand Leader Can Head Higher

Media companies have moved to embrace streaming services in the past few years. That move has proven astute, given the pandemic. Now, a handful of companies with other operations are likely to benefit from reopening. Those companies include the cohort of media plays that also offer theme parks, cruise lines or the like. The poster child for this reopening exposure is
The Walt Disney Company (DIS). Unsurprisingly, shares are starting to get upgraded as it appears that the pandemic restrictions are starting ...
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10760

Insider Trading Report: Impac Mortgage Holdings (IMH)

Richard Pickup, a major holder at
Impac Mortgage Holdings (IMH), recently added 200,000 shares. The buy increased his stake by 3.4 percent, and came to a total purchase price of $390,000. This follows up on another buy from Pickup at the start of the month for 124,535 shares. Overall, insiders have been active as both buyers and sellers. However, sellers have taken the lead in the past year, even at lower prices than where shares currently trade. As a mortgage REIT, shares ...
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10759

This Big Tech Laggard Prepares for a Jump Higher

The past few years has seen the rise of a handful of companies reach a market cap of $1 trillion. A few are now closing in on $2 trillion thanks to continued growth. One player near the $1 trillion mark has been an underperformer in this mega-market-cap space over the past year. But now signs are on track for it to close in on a $3 trillion valuation in the next three years. That company?
Amazon (AMZN). The company just received a Read More About This
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10761

Unusual Options Activity: Clover Health Investments Corp (CLOV)

Shares of
Clover Health Investments Corp (CLOV) have shed half their value since late December. At least one trader sees a further decline ahead. That’s based on the May 25th $9 put options. With 32 days until expiration, over 9,400 contracts traded hands, a 75-fold rise in volume from the prior open interest near 125. The buyer of the contract paid about $1.42. With shares just under $10, the option is slightly out-of-the-money. Come expiration, shares will need to trade lower than $7.60 ...
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10756

Insider Trading Report: Evergy (EVRG)

John Wilder, a director at
Evergy (EVRG), recently bought 2.27 million shares. The buy is an initial stake, and comes to a total cost of just over $113 million. Insiders have overwhelmingly been sellers at the utility company over the past few years, although a few company insiders have made small buys in March ahead of this sizeable director buy. Before this latest buy, company insiders owned less than 0.3 percent of shares. The utility company has traded flat in the past ...
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10757

Unusual Options Activity: Altice USA (ATUS)

Telecom company
Altice USA (ATUS) has been trending up in the past year, and performing well for a telecom. However, at least one trader sees the potential for a big drop. That’s based on the January 2022 $20 puts. With 277 days until expiration, over 10,900 contracts traded from a 115 open interest, for a 95-fold rise in volume. The put buyer paid about $0.50 for each contract. With shares currently near $33.50, shares would need to fall by over $13 for ...
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10755

The Best Defense is a Solid Offense, Like a Dividend Growth Play

Earnings season is coming in strong so far, as companies are comparing to the start of the pandemic last year. A reopening economy is also helping. But with stocks already back to all-time highs, investors are starting to worry about possible inflation. That suggests a need to focus on companies that can pass on higher costs to consumers. One such play just reported better-than-expected results. That company?
Pepsico (PEP). Besides beating earnings, the company noted that it may not engage in any ...
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