Unusual Options Activity: Halliburton (HAL)
Traders looking for market-beating opportunities outside the tech space have been increasingly attracted to energy. Gently-rising oil prices have been a rising tide for the sector. One play getting some attention? Services giant
Halliburton (HAL). One trader likes the March 19th $23.50 call options, just $1.50 over the current price near $22. Over 9,850 contracts traded, a 61-fold rise in volume from the prior interest of 162. The buyer paid about $0.78 for the options, which expire in 22 days. Shares have recently broke ...
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Halliburton (HAL). One trader likes the March 19th $23.50 call options, just $1.50 over the current price near $22. Over 9,850 contracts traded, a 61-fold rise in volume from the prior interest of 162. The buyer paid about $0.78 for the options, which expire in 22 days. Shares have recently broke ...
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Weak Short-Term Growth Hits One of the Hottest Plays in FinTech
Payment processing company
Square (SQ) has had a tremendous year. But the market wasn’t too impressed by the company’s recent earnings numbers. While it beat on both revenue and profit expectations, the rate of growth appears to be slowing. That’s led to a selloff in shares, adding to losses from the tech selloff earlier in the week. However, those numbers overlook some more powerful trends in place. For instance, the company saw its revenue derived from Bitcoin rise from over $100 million to ...
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Square (SQ) has had a tremendous year. But the market wasn’t too impressed by the company’s recent earnings numbers. While it beat on both revenue and profit expectations, the rate of growth appears to be slowing. That’s led to a selloff in shares, adding to losses from the tech selloff earlier in the week. However, those numbers overlook some more powerful trends in place. For instance, the company saw its revenue derived from Bitcoin rise from over $100 million to ...
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Insider Trading Report: Conduent (CNDT)
Scott Letier, a director at
Conduent (CNDT), recently picked up 10,000 shares. The buy increased his stake by 4 percent, and came to a total cost of just under $50,000. He was joined by CEO Clifford Skelton, who bought 20,661 shares, for a total buy of just over $100,000. Overall, insiders have been buyers of shares over the past three years, with no insider sales in that timeframe. Overall, insiders own 6.2 percent of shares. The medical data management company was spun off ...
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Conduent (CNDT), recently picked up 10,000 shares. The buy increased his stake by 4 percent, and came to a total cost of just under $50,000. He was joined by CEO Clifford Skelton, who bought 20,661 shares, for a total buy of just over $100,000. Overall, insiders have been buyers of shares over the past three years, with no insider sales in that timeframe. Overall, insiders own 6.2 percent of shares. The medical data management company was spun off ...
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Unusual Options Activity: Activision Blizzard (ATVI)
Video game producer
Activision Blizzard (ATVI) has fared well, as strong trends in the gaming industry have led to massive profits. At least one trader sees shares moving higher. That’s based on the May $95 call options. Over 2,700 contracts traded against a prior open interest of 153, for a 18-fold rise in volume on the trade. Expiring in 86 days, the trade is at-the-money, given that shares trade near $96. The buyer paid about $6.50 for the contracts on average. Shares of the ...
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Activision Blizzard (ATVI) has fared well, as strong trends in the gaming industry have led to massive profits. At least one trader sees shares moving higher. That’s based on the May $95 call options. Over 2,700 contracts traded against a prior open interest of 153, for a 18-fold rise in volume on the trade. Expiring in 86 days, the trade is at-the-money, given that shares trade near $96. The buyer paid about $6.50 for the contracts on average. Shares of the ...
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Insider Trading Report: Avis Budget Group (CAR)
Brian Choi, CFO of
Avis Budget Group (CAR), recently picked up 23,735 shares. The buy set him back $1.09 million, and represents an initial stake in the company. This marks the first insider buy of the year. Insiders, largely led by a major holder, have been big buyers in the past year. Company executives have generally been light sellers, provided you go back to 2018 or 2019. The insider buy occurs as shares hit a 52-week high. Shares are up nearly nine-fold ...
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Avis Budget Group (CAR), recently picked up 23,735 shares. The buy set him back $1.09 million, and represents an initial stake in the company. This marks the first insider buy of the year. Insiders, largely led by a major holder, have been big buyers in the past year. Company executives have generally been light sellers, provided you go back to 2018 or 2019. The insider buy occurs as shares hit a 52-week high. Shares are up nearly nine-fold ...
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Outlook Uncertainty Spells Bigger Profits in this Retail Dominator
One lingering trend from the pandemic is more uncertainty than usual from companies when they report their quarterly earnings. Any time a company decides not to provide forward guidance, the market will take the stock down—even if it probably doesn’t deserve it.
Take, for instance,
Home Depot (HD). The home improvement retailer beat on earnings and revenue expectations—with revenue up 25 percent in the past year. Yet shares dropped as the company didn’t offer guidance. Besides the strong beat, the company is ...
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Home Depot (HD). The home improvement retailer beat on earnings and revenue expectations—with revenue up 25 percent in the past year. Yet shares dropped as the company didn’t offer guidance. Besides the strong beat, the company is ...
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Insider Trading Report: Henry Schein (HSIC)
Mohamad Ali, a director at
Henry Schein (HSIC), recently picked up 1,000 shares. The buy cost just over $65,000, and is an initial stake by the director. Insider trends also show that it’s the first buy at the firm in the past three years. Insiders have been exclusively sellers over that timeframe, including both directors and C-suite executives. The sales have occurred on a regular basis, so some insiders have sold at lower prices than where shares trade today. Even with the ...
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Henry Schein (HSIC), recently picked up 1,000 shares. The buy cost just over $65,000, and is an initial stake by the director. Insider trends also show that it’s the first buy at the firm in the past three years. Insiders have been exclusively sellers over that timeframe, including both directors and C-suite executives. The sales have occurred on a regular basis, so some insiders have sold at lower prices than where shares trade today. Even with the ...
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Cloud Profits Could Turn This Tech Giant Back to Rapid Growth
Tech companies are able to reap massive profit margins thanks to scale and costs. For instance, the cost of writing a piece of software is fixed. If a company can sell an additional copy, its marginal cost of production is minimal.
That’s also true of other tech services as well. It’s why a number of companies building out their cloud capabilities are able to reap massive profit margins.
That’s why it’s no surprise that
Oracle (ORCL), a Silicon Valley giant, has been Read More About This
Oracle (ORCL), a Silicon Valley giant, has been Read More About This
