12779

Insider Trading Report: Starbucks (SBUX)

Howard Schultz, interim CEO of
Starbucks (SBUX), recently added 137,500 shares. The buy increased his holdings by 0.6 percent, and came to a total purchase price of just under $10 million. This marks the first insider buy at the company over the past three years. Otherwise, company executives and directors alike have been regular sellers of shares of the beverage chain giant. The buy comes following the company’s latest earnings, and as Schultz takes up the CEO role for the third time. Overall, ...
Read More About This
|
12782

Unusual Options Activity: Synchrony Financial (SYF)

Shares of regional bank
Synchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than 15 ...
Read More About This
|
12769

Long-Term Trends Bode Well for Tech Infrastructure Plays Now

Even with a modest slowdown in the overall economy in the first quarter of the year, and even with a potential recession if the second quarter also shows a slowdown, the world continues to improve. New technologies and networks are rolled out. New ideas hit the drawing board. And there’s still ample demand for those products to make an investment in the right tech stocks now a worthwhile one. With a number of new developments in the space, semiconductor companies are likely ...
Read More About This
|
12772

Insider Trading Report: Fastenal (FAST)

Michael Ancius, a director at
Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by 3 percent, and came to a total purchase price of $51,000. This is the fourth buy from the director this year, who in total has now acquired over 2,100 shares. Going back further, sellers at the company have exceeded buyers over the past three years. Overall, insiders own about 0.2 percent of shares. The distributer of fasteners and other industrial equipment is down about 6 percent ...
Read More About This
|
12775

Unusual Options Activity: Nu Holdings (NU)

Shares of Brazilian bank
Nu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That’s based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. Shares of the bank recently traded around $4.00, ...
Read More About This
|
12760

Slow and Steady Still Makes Real Estate A Compelling Sector For Investors Now

Real estate has been holding up better than the stock market. Even rising interest rates are seen as a potential way to cool the rapidly-rising housing market. Other parts of the real estate market have likewise held up well, but have different dynamics that should enable more value to be unlocked ahead. One such area is in industrial real estate. Most investors can’t or don’t want to own this space directly, so a number of REITs exist to make it easy. Industrial ...
Read More About This
|
12763

Insider Trading Report: Caesars Entertainment (CZR)

Courtney Mather, a director at
Caesars Entertainment (CZR), recently bought 16,000 shares. The buy increased her stake by 113 percent, and came to a total price just over $961,000. That follows up on other sizeable insider buys this year. The company CEO bought 10,000 shares in March, and another director bought 13,000 shares on the same day. Since then, the stock is down nearly one-third. Over the past two years, company insiders have been more prone to sell than to buy. Overall, insiders ...
Read More About This
|
12765

Unusual Options Activity: Roblox (RBLX)

Shares of metaverse platform
Roblox (RBLX) have been at ground zero for the market selloff. One trader sees the potential for shares to decline even further. That’s based on the January 2024 $17.50 puts. With 616 days until expiration, 16,649 contracts traded against an open interest of 398, for a 49-fold jump in volume on the trade. The buyer of the puts paid $6.13 to get into the trade. The stock recently traded for about $24, so it would need to fall another ...
Read More About This
|