17468

Insider Activity Report: Mid Penn Bancorp (MPB)

Rory Ritrievi, President and CEO of Mid Penn Bancorp (MPB), recently bought 3,050 shares. The buy increased his position by 4%, and came to a total cost of $91,639. Ritrievi was also a notable buyer last year. Seven company directors are also regular buyers of shares, as well as the company CFO and other executives. Over the past two years, insiders have made over three dozen buys, with zero insider sales. Overall, Mid Penn Bancorp insiders own 15.7% of shares. The regional ...
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17469

Unusual Options Activity: Constellation Energy (CEG)

Utility generator Constellation Energy (CEG) is up 128% over the past year, far beating out the overall market. One trader is betting on a pullback in the months ahead. That’s based on the June $250 puts. With 137 days until expiration, 7,502 contracts traded compared to a prior open interest of 151, for a 50-fold rise in volume on the trade. The buyer of the puts paid $14.22 to make the bearish bet. Constellation shares recently traded for about $310, so shares ...
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17464

Consumer Dining Trends Point to Ongoing Strong Returns Here

Consumers have shifted tastes in recent years, spending less on goods and more on experiences such as travel and vacations. Part of that shift also includes a trend towards dining out more often. While there have been some worries about a slowdown in consumer dining, the latest earnings suggest that isn’t a worry. Customers continue to go out to dine, with many restaurant franchises benefiting from the ongoing spending. That includes Brinker International (EAT), owner of chains such as Chili’s. The company’s offerings ...
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17465

Insider Activity Report: Texas Capital Bancshares (TCBI)

Robert Stallings, a director at Texas Capital Bancshares (TCBI), recently bought 7,676 shares. The buy increased his stake by 1%, and came to a total cost of $198,597. Stallings has been a steady buyer of shares, having last bought 20,000 shares for just over $425,000 in October, and more than two dozen other buys over the past two years. Another company director was also a buyer of shares last year, and the last insider sale was in November 2023. Overall, Texas ...
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17466

Unusual Options Activity: Visa (V)

Credit card provider Visa (V) has started 2025 off strong, gaining nearly 7%. One trader sees shares building on that gain in the weeks ahead. That’s based on the February $355 calls. With 21 days until expiration, 12,248 contracts traded compared to a prior open interest of 163, for a 75-fold rise in volume on the trade. The buyer of the calls paid $1.55 to make the bullish bet. Visa shares recently hit a new 52-week high, topping $336. Shares would ...
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17456

Spending Uncertainty Creates a Buying Opportunity

Investors like certainty. They don’t always get it. Companies are often changing plans, either of their own volition or because of outside factors. For companies that have to contend with government contracts, negotiations can last for a long time. But so can contracts, once forged. There’s some uncertainty amid the launch of Donald Trump’s second term. That extends in just about every facet of government, including the defense industry. So it’s no surprise that a mixed outlook from Lockheed Martin (LMT) ...
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17457

Insider Activity Report: Ally Financial (ALLY)

Russell Hutchinson, CFO at Ally Financial (ALLY), recently bought 19,100 shares. The buy increased his stake by 10%, and came to a total cost of $753,474. This marks the only insider buy at the company over the past two years. The company’s controller has been a modest seller of shares in late 2023, but otherwise, there have been no other insider sales over the past two years either. Overall, Ally Financial insiders own 10.6% of shares. The credit services provider is up ...
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17458

Unusual Options Activity: VNET Group (VNET)

Information technology company VNET Group (VNET) is up over 315% in the past year. One trader is betting on a further surge higher in shares. That’s based on the March $9.00 calls. With 50 days until expiration, 12,436 contracts traded compared to a prior open interest of 108, for a 115-fold surge in volume on the trade. The buyer of the calls paid $0.27 to make the bullish bet. VNET shares recently traded for just over $7, so the stock would need ...
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