Meme Trade Absurdity Strikes Again
Shares of
GameStop (GME) dropped heavily last week, adding to weeks of sagging since its last earnings report. One potential culprit?
Netflix (NFLX), which announced that it hired a former executive from the video game space to develop video games for the streaming giant. Shares of both companies ended up falling the day the news was announced. Many analysts have questioned the move, given the high development costs of video games from scratch. With rising competition in the streaming space, it’s clear that ...
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GameStop (GME) dropped heavily last week, adding to weeks of sagging since its last earnings report. One potential culprit?
Netflix (NFLX), which announced that it hired a former executive from the video game space to develop video games for the streaming giant. Shares of both companies ended up falling the day the news was announced. Many analysts have questioned the move, given the high development costs of video games from scratch. With rising competition in the streaming space, it’s clear that ...
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Insider Trading Report: Aspen Group (ASPU)
Michael Mathews, CEO of
Aspen Group (ASPU), recently bought 10,000 shares. The buy increased his stake by more than 1 percent, coming to a total value of $58,000. He was joined by the company COO, who made a 2,000 share buy the day before, totaling nearly $12,000, and a director buy totaling 4,000 shares as well. Overall, company insiders own 6.2 percent of company shares. These trades mark the first insider buys since last March. Prior to that, company executives have been ...
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Aspen Group (ASPU), recently bought 10,000 shares. The buy increased his stake by more than 1 percent, coming to a total value of $58,000. He was joined by the company COO, who made a 2,000 share buy the day before, totaling nearly $12,000, and a director buy totaling 4,000 shares as well. Overall, company insiders own 6.2 percent of company shares. These trades mark the first insider buys since last March. Prior to that, company executives have been ...
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Unusual Options Activity: Verizon (VZ)
Shares of telecom company
Verizon (VZ) have been trading in a narrow range over the past year. One trader sees shares moving higher, possibly back to the top of their trading range, if not higher. That’s based on the September $50 calls. Over 10,000 contracts traded against a prior open interest of 336, for a 30-fold rise in volume. The buyer of the options paid about $6.75 to make the trade. Shares of Verizon last traded near $56.50, leaving this option about $6.50 ...
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Verizon (VZ) have been trading in a narrow range over the past year. One trader sees shares moving higher, possibly back to the top of their trading range, if not higher. That’s based on the September $50 calls. Over 10,000 contracts traded against a prior open interest of 336, for a 30-fold rise in volume. The buyer of the options paid about $6.75 to make the trade. Shares of Verizon last traded near $56.50, leaving this option about $6.50 ...
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Strong Airline Earnings Point to Solid Future Returns
The airline industry is back. Earnings season is still unfolding, but the airlines, which looked like they may be facing years of challenge ahead at the start of the pandemic, are already at or near profitability.
Delta Airlines (DAL) has led the way with earnings so far. The company earned $1.02 per share, excluding special items on its earnings. The move comes as domestic travel rebounds to pre-pandemic levels. Given that Delta was expected to lose $1.33 per share, the results ...
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Delta Airlines (DAL) has led the way with earnings so far. The company earned $1.02 per share, excluding special items on its earnings. The move comes as domestic travel rebounds to pre-pandemic levels. Given that Delta was expected to lose $1.33 per share, the results ...
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Insider Trading Report: Super League Gaming Inc (SLGG)
Michael Keller, a director at
Super League Gaming Inc (SLGG), recently picked up 20,000 shares. The buy increased his holdings by over 11 percent, and came to a total purchase price of just over $97,000. This is the second buy from this insider in the past year, following a 17,000 share buy in April. Company insiders, including C-suite executives and directors have all been buyers in the past 3 years. Overall, company insiders own over 14 percent of shares. It’s easy to ...
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Super League Gaming Inc (SLGG), recently picked up 20,000 shares. The buy increased his holdings by over 11 percent, and came to a total purchase price of just over $97,000. This is the second buy from this insider in the past year, following a 17,000 share buy in April. Company insiders, including C-suite executives and directors have all been buyers in the past 3 years. Overall, company insiders own over 14 percent of shares. It’s easy to ...
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Unusual Options Activity: Ford (F)
Shares of car manufacturing giant
Ford (F) have been doing well this year. One trader sees that trend continuing well into the next year. That’s based on the June 2022 $22 calls. The trade has 336 days left until expiration. Over 6,200 contracts traded against a prior open interest of 320, for a 19-fold rise in volume. Based on where shares last traded in the low $14 range, the stock price would need to surge over 54 percent to move in-the-money. The buyer ...
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Ford (F) have been doing well this year. One trader sees that trend continuing well into the next year. That’s based on the June 2022 $22 calls. The trade has 336 days left until expiration. Over 6,200 contracts traded against a prior open interest of 320, for a 19-fold rise in volume. Based on where shares last traded in the low $14 range, the stock price would need to surge over 54 percent to move in-the-money. The buyer ...
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Global Trends Point to This Low-Cost App Giant
Pandemic restrictions are ending globally, which points to a potential revival, however slowly, of global travel. While some may be wary of international travel, others may be sick of staying at home or traveling domestically.
Either way, those trends bode well for the larger travel and tourism industry. With business picking up, the fundamentals of many companies will likely improve, leading to higher share prices for those stocks.
One big potential winner here is
Airbnb (ABNB). Many who resume traveling may want to ...
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Airbnb (ABNB). Many who resume traveling may want to ...
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Insider Trading Report: Vista Gold Corp (VGZ)
Douglas Tobler, the CFO of
Vista Gold Corp (VGZ), recently bought 10,000 more shares. The buy increased his stake by over 12 percent, and came to a total purchase price of $11,000 exactly. He was joined by director Tracy Stevenson, who picked up 50,000 shares. That came to a total purchase price of $55,000, and increased the director’s stake by over 14 percent. Overall, insiders own 3.6 percent of company shares. Tobler has been an active buyer in recent months, with buys in ...
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Vista Gold Corp (VGZ), recently bought 10,000 more shares. The buy increased his stake by over 12 percent, and came to a total purchase price of $11,000 exactly. He was joined by director Tracy Stevenson, who picked up 50,000 shares. That came to a total purchase price of $55,000, and increased the director’s stake by over 14 percent. Overall, insiders own 3.6 percent of company shares. Tobler has been an active buyer in recent months, with buys in ...
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