10482

Insider Trading Report: PCB Bancorp (PCB)

Sang Young Lee, a director and major holder at
PCB Bancorp (PCB), recently picked up 3,700 shares. The buy increased his stake by 0.3 percent, and came to a total cost of just over $50,000. Insiders, including both directors and C-suite executives, have been large buyers in the past year as shares have sold off. The last insider sale occurred in late 2019, and at prices far higher than where shares trade today. Overall, insiders own over 21 percent of shares. Like many ...
Read More About This
|
10478

Unusual Options Activity: Coty Inc (COTY)

Cosmetics firm
Coty (COTY) has been a poor performer during the pandemic, but shares have started moving up in recent months. Now, after flatlining for a few weeks, one trader sees shares moving higher. That’s based on the March 2021 $7.50 call. With 43 days until expiration, over 10,200 contracts traded against an open interest of 247, for a 41-fold rise in volume. The trader paid about $0.53 for each contract. With shares at $6.60, the $7.50 trade will move in-the-money if shares ...
Read More About This
|
10477

Insider Trading Report: UGI Corp (UGI)

Ted Dosch, a director at
UGI Corp (UGI), recently picked up 10,000 shares. The buy increased his holdings by over 41 percent, and came to a total cost of just over $374,000. This marks the first insider buy of the year. Insiders have been both buyers and sellers in the past year, with massive insider buying back in August overwhelming insider sales. Overall, insiders own about 0.6 percent of shares. The utility has been a relative underperformer compared to the overall market, ...
Read More About This
|
10475

Another Rare Earnings Miss Creates Another Buying Opportunity

Some company CEOs have discussed getting rid of quarterly earnings reports. As long as it’s required by the SEC, it will never happen. But those CEOs are right to point out that quarterly numbers, along with the Wall Street earnings guessing game, often creates a short-term focus that distracts from the long-term. That’s also why some of the best trades to make are companies that sell off after an earnings report, whether good or bad. Especially when a company has great long-term ...
Read More About This
|
10465

A Defensive Play with Strong Growth Trends

When times get tough, investors turn to defensive stocks. Typically areas such as utilities or telecoms, these companies tend to offer slower prospective growth, but offer some strong income opportunities as well. Some other sectors such as consumer goods also fall into the defense space. But, under the right circumstances, companies in this space can see solid growth during an expanding economy as well. One brand in a defensive area that still looks set to grow? Alcohol and spirits. Goldman Sachs ...
Read More About This
|
10468

Unusual Options Activity: Twitter (TWTR)

Social media giant
Twitter (TWTR) saw a backlash last month over a number of banned accounts, including that of then-president Donald Trump. However, shares have started to move higher in the past few weeks, and one trader sees a continued rally ahead. That’s based on the March $85 call option. Expiring in 37 days, and with shares trading at $60, it’s an aggressive bet on shares continuing their current strong rally. Over 8,050 contracts traded against a prior open interest of 202, for ...
Read More About This
|
10467

Insider Trading Report: Sally Beauty Holdings (SBH)

Christian Brickman, President and CEO of
Sally Beauty Holdings (SBH), recently added 10,000 shares to his holdings. The buy increased his total stake by 2.2 percent, and came to a total cost of just over $145,000. Over the past three years, insider buys have far exceeded insider sales. Buys have occurred by both directors and C-suite employees. The last insider sale at the company was in May 2020. Overall, insiders own 1.2 percent of the company. Shares of the firm have underperformed ...
Read More About This
|
10459

An Overlooked Tech Play Back in the Buy Block?

Tech stocks have performed exceptionally well in the past year. Pandemic-driven trends have pushed higher e-commerce, remote work, and other trends that play well to tech over other sectors. However, not all companies have gone along for the ride. A global chipmaker shortage has been an issue preventing physical technological products from being made. Another bottleneck? Networking infrastructure. But those trends are improving. One surprising winner here may be
Cisco Systems (CSCO). The company saw a slow year in 2020 as other tech ...
Read More About This
|