12377

Insider Trading Report: Penn National Gaming (PENN)

Jane Scaccetti, a director at
Penn National Gaming (PENN) recently added 1,975 shares. The buy increased her stake by over 4 percent, and came to a total price of just over $98,000. This marks the first insider buy at the company in the past year, since the same director picked up 820 shares at a cost of just over $99,000. Otherwise, company directors and executives have been big sellers of shares over the past two years. Overall, insiders own 1.6 percent of ...
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12379

Unusual Options Activity: Lockheed Martin (LMT)

Shares of defense contractor
Lockheed Martin (LMT) moved higher on news of a potential war between Russia and the Ukraine. One trader is betting that shares will decline in the next few weeks as those fears decline. That’s based on the March $390 puts. With 23 days until expiration, 7,787 contracts traded against a prior open interest of 155, for a 50-fold jump in volume. The buyer of the puts paid $13.05 to make the trade. Shares last traded for about $387, ...
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12368

Strong Growth Can Trump Earnings Misses Over Time

Earnings season has led to some wild swings, even in companies that tend to trade with low volatility. However, reading behind the headlines that led to a big swing – in either direction—can point to a different direction going forward once the market starts to calm down. With many tech stocks reporting earnings, many have been hit harder than necessary on small misses thanks to the recent fears in the markets. One such “loser” right now is
Palantir Technologies (PLTR). The big-data platform ...
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12370

Insider Trading Report: Lions Gate Entertainment (LGF.B)

Harry Sloan, a director at
Lions Gate Entertainment (LGF.B), recently added 50,000 shares to his holdings. The buy came to a cost of $649,000 exactly. This marks the first insider transaction of the year. Another director was a steady buyer throughout 2021 and 2020, and the last insider sale occurred back in early 2019, so company insiders have generally been buyers of shares at the company. Overall, insiders own just under 2.8 percent of shares. Shares of the entertainment production company are just ...
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12372

Unusual Options Activity: Coinbase (COIN)

Shares of cryptocurrency brokerage
Coinbase (COIN) have been trading much like the overall crypto space ever since shares started trading last year. One trader sees the potential for a jump higher in the coming weeks. That’s based on the March 4 $205 calls. With 11 days until expiration, 2,514 contracts traded against a prior open interest of 109, for a 23-fold rise in volume. The buyer of the calls paid $9.20 to make the trade. Shares are in the low $190 range, ...
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12363

Markets Still Love Companies Rewarding Shareholders

There are many ways that companies can reward shareholders. Most maturing companies will pay out a part of their earnings in the form of dividends. Those dividends can be spent, kept as cash, or reinvested. While less mentioned but possibly more popular, many companies have implemented share buyback plans. This reduces the total shares outstanding, which rewards remaining shareholders. It also helps a company report higher earnings per share, even if their overall earnings don’t improve. One company showing growing earnings ...
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12365

Insider Trading Report: Boeing (BA)

Lawrence Kellner, a director at
Boeing (BA), recently added 5,000 shares. The buy increased his holdings by 200 percent, and came to a total price of just over $1.04 million. This marks the second director buy so far this month, as another director bought 480 shares at a cost of just over $100,000 at the start of the month. Over the past three years, insiders have been more likely to be sellers rather than buyers. Overall, insiders own just under 0.1 percent ...
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12366

Unusual Options Activity: Barrick Gold Corporation (GOLD)

Shares of gold mining giant
Barrick Gold Corporation (GOLD) have traded flat over the past year following a recent surge in shares in recent days. One trader sees the chance for a further move higher in the coming weeks. That’s based on the March 4th $22.50 calls. With 14 days until expiration, 8,223 contracts traded compared to an open interest of 226, for a 36-fold jump in volume. The buyer of the calls paid $0.53 to make the trade. Shares of the stock ...
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