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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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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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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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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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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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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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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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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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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, ...
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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 ...
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