10495

Unusual Options Activity: Marvell Technology Group (MRVL)

Expecting the semiconductor industry to take a breather after its big run? Think again. At least one trader sees a massive move higher. The August $80 call options on
Marvell Technology Group (MRVL) tell the story. Over 9,200 contracts traded from a prior open interest of 307, a 30-fold rise in volume on the trade. The trade, expiring in 185 days, will move in-the-money if shares rally another 48 percent from their current price near $44. The call buyer paid about $1.97 to ...
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10493

This Pick and Shovel Play Is the Clear Winner of the Tech Gold Rush

It’s almost a cliché at this point, but the winner in any gold rush is often the supplier of picks and shovels, and not someone or some company doing the actual gold mining. In the tech space today, with its intense competition and drive to improve products and lower prices, a few companies that supply entire industries are the biggest potential winners from today’s trends. With a footing in everything from semiconductors to consumer electronics to electric vehicles and other manufacturing, a ...
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10494

Insider Trading Report: Molson Coors Beverage Co (TAP)

James Winnefeld, a director at
Molson Coors Beverage Co (TAP), recently picked up 1,000 more shares. The buy increased his stake by over 15 percent, and came to a total cost of just under $45,000. Over the past three years, insiders have generally been sellers, led by members of both the Molson and Coors families. Only in the past six months have some insiders looked to pick up shares. Even with some moderate sales, company insiders still own over 11 percent of ...
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10487

Digital Spending Trends are Here to Stay

The past year has seen a strong uptick in digital transformations for companies. That includes content delivery, operations, as well as services like payment systems. With these powerful trends in place, growth is likely to continue. That will continue to attract capital to the space, and be a strong source of returns for investors going forward. One of the more powerful trends will be in digital payments. These companies act as “toll booths” for digital transactions, taking a very small cut on ...
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10490

Unusual Options Activity: ViacomCBS (VIAC)

Media giant
ViacomCBS (VIAC) has been on a tear in recent months. After spiking as high as $60, however, at least one trader sees a pullback in the cards. That’s based on the June $55 put options. Over 4,300 contracts traded, a 39-fold rise over the prior open interest of 110. With 123 days until expiration, shares would need to decline about 5 percent for the trade to move in-the-money. The buyer paid about $6.80 for the option. The merger between Viacom and ...
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10489

Insider Trading Report: Dun & Bradstreet (DNB)

Anthony Jabbour, CEO of
Dun & Bradstreet (DNB), recently bought 42,900 shares. The buy increased his holdings by nearly 1 percent, and came to a cost just under $1 million. He was joined by the company CFO, who picked up 5,000 shares on the same day, paying just over $116,000 to make the trade. The two insiders made similar buys at this time last year. Otherwise, there have been no other insider transactions over the past three years. Overall, insiders own just ...
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10481

Social Media M&A Chatter Overlooks the Better Buy Now

Shares of
Pinterest (PINS) surged to an all-time high, on reports that the company had been approached by
Microsoft (MSFT) about a potential acquisition. Microsoft tried to buy TikTok last year, and the tech giant acquired business networking site LinkedIn for $26 billion in 2016. Buying Pinterest, where users pin items they like on personalized boards, would be a far more consumer-facing social media experience. With a market cap of $55 billion, Pinterest would be at least double the valuation of LinkedIn five ...
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10483

Unusual Options Activity: Denison Mines (DNN)

Uranium prices have been on the rise, and traders have been piling into related mining names. One such name,
Denison Mines (DNN) has nearly doubled since the start of the month. One trader sees a massive surge higher. That’s based on the March $5 calls. With 35 days until expiration, and with shares around $1.15, shares would need to go up nearly five-fold for the trade to profit. Over 175,700 contracts traded, a 25-fold rise in volume from the prior open interest of ...
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