This Hardware-to-Software Play Closes an Era
A number of companies are synonymous with certain eras. From
General Motors (GM) in the 1950s or
International Business Machines (IBM) in the 1960s, these companies have changed with the times, but aren’t quite as big a player in their industries as they once were. Kicking off the tech bubble of the 1990s,
Cisco Systems (CSCO) was best known for making internet routing equipment. Shares have finally topped their early 2000 peak in the second half of 2021. But it’s also become a different company ...
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General Motors (GM) in the 1950s or
International Business Machines (IBM) in the 1960s, these companies have changed with the times, but aren’t quite as big a player in their industries as they once were. Kicking off the tech bubble of the 1990s,
Cisco Systems (CSCO) was best known for making internet routing equipment. Shares have finally topped their early 2000 peak in the second half of 2021. But it’s also become a different company ...
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Insider Trading Report: SoFi Technologies (SOFI)
Christopher Lapointe, CFO at
SoFi Technologies (SOFI), recently bought 3,500 shares. The stake increased his position by 1.3 percent, and came to a total valuation of about $49,000. That follows on two buys from the company CEO earlier last week, who bought 14,300 shares in total at a price of about $200,000 in total. These three buys constitute all the insider activity since the company went public on June 1. Overall, company insiders own about 26 percent of shares. The financial services platform ...
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SoFi Technologies (SOFI), recently bought 3,500 shares. The stake increased his position by 1.3 percent, and came to a total valuation of about $49,000. That follows on two buys from the company CEO earlier last week, who bought 14,300 shares in total at a price of about $200,000 in total. These three buys constitute all the insider activity since the company went public on June 1. Overall, company insiders own about 26 percent of shares. The financial services platform ...
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Unusual Options Activity: Macy’s (M)
Shares of department store chain
Macy’s (M) rallied last week on news that the retailer would carry pop-up toy shops under the Toys “R” Us brand. One trader sees that trend continuing in the weeks ahead. That’s based on the September $21 calls. With 25 days until expiration, over 104,965 contracts traded against a prior open interest of 2,165, for a 49-fold rise in volume. The buyer paid about $1.80 to make the trade. The trade was made as shares topped $21.50, leaving ...
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Macy’s (M) rallied last week on news that the retailer would carry pop-up toy shops under the Toys “R” Us brand. One trader sees that trend continuing in the weeks ahead. That’s based on the September $21 calls. With 25 days until expiration, over 104,965 contracts traded against a prior open interest of 2,165, for a 49-fold rise in volume. The buyer paid about $1.80 to make the trade. The trade was made as shares topped $21.50, leaving ...
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Security Software Gives This Company a Second Life
Before
Apple (AAPL) invented the iPod, the company controlled about 10 percent of the PC market at its peak. That didn’t generate huge business. But by reinventing towards having the most user-friendly consumer tech, and some software behind it, the company managed to become a multi-trillion-dollar behemoth. Other companies are making similar pivots today, finding new lines of businesses with higher profit margins and growth potential. One such play?
BlackBerry (BB). Known for its phones before the iPhone grabbed the bulk of the market, ...
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Apple (AAPL) invented the iPod, the company controlled about 10 percent of the PC market at its peak. That didn’t generate huge business. But by reinventing towards having the most user-friendly consumer tech, and some software behind it, the company managed to become a multi-trillion-dollar behemoth. Other companies are making similar pivots today, finding new lines of businesses with higher profit margins and growth potential. One such play?
BlackBerry (BB). Known for its phones before the iPhone grabbed the bulk of the market, ...
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Insider Trading Report: Herbalife Nutrition (HLF)
Alan LeFevre, a director at
Herbalife Nutrition (HLF), recently bought 3,000 additional shares. The buy increased his stake by over 19 percent, and came to a total cost of just under $145,0000. This follows up on two other insider buys earlier in the month, when the company CFO bought 425 shares at a cost of over $20,000, and the company CEO bought 5,200 shares at a price of about $250,000. Prior to that, insiders have largely been sellers over the past three years ...
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Herbalife Nutrition (HLF), recently bought 3,000 additional shares. The buy increased his stake by over 19 percent, and came to a total cost of just under $145,0000. This follows up on two other insider buys earlier in the month, when the company CFO bought 425 shares at a cost of over $20,000, and the company CEO bought 5,200 shares at a price of about $250,000. Prior to that, insiders have largely been sellers over the past three years ...
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Unusual Options Activity: Gilead Sciences (GILD)
Shares of biotech firm
Gilead Sciences (GILD) have been trending gradually higher over the past few months, with shares now at a 52-week high. One trader see the possibility for further profits in the coming months. That’s based on the October $80 calls. With 56 days on the clock, over 7,098 contracts traded compared to an open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid about $0.42 to make the trade. With shares around $72, they’d ...
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Gilead Sciences (GILD) have been trending gradually higher over the past few months, with shares now at a 52-week high. One trader see the possibility for further profits in the coming months. That’s based on the October $80 calls. With 56 days on the clock, over 7,098 contracts traded compared to an open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid about $0.42 to make the trade. With shares around $72, they’d ...
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China’s Crackdown Creates Buying Opportunity
While it’s usually a good idea in investing not to fight a central bank, it can sometimes be a good idea to buy when a regulatory authority is stepping up its bounds. That’s especially true when targeting a company that can thrive even under a stricter regulatory regime.
Chinese companies have come under fire in recent weeks, as many tech companies are looking to tighten up how their data is protected, deal with the effects of increased antitrust laws, and the ...
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Insider Trading Report: B. Riley Financial (RILY)
Bryant Riley, Chairman at
B. Riley Financial (RILY), recently bought 15,000 more shares. That buy increased his stake by about 0.25 percent, and came to a total price of just over $953,000. That was the most recent of his four total buys (so far) this month. He was joined by the company’s CEO, Andrew Moore, who picked up 5,000 shares. That buy increased his stake by 2.2 percent, and came to a total price of just over $318,000. Overall, company insiders own Read More About This
B. Riley Financial (RILY), recently bought 15,000 more shares. That buy increased his stake by about 0.25 percent, and came to a total price of just over $953,000. That was the most recent of his four total buys (so far) this month. He was joined by the company’s CEO, Andrew Moore, who picked up 5,000 shares. That buy increased his stake by 2.2 percent, and came to a total price of just over $318,000. Overall, company insiders own Read More About This
