14570

Unusual Options Activity: PBF Energy (PBF)

Oil and gas refining company
PBF Energy (PBF) has risen over 32 percent in the past two months. One trader sees a further rally in the weeks ahead. That’s based on the August $45 calls. With 45 days until expiration, 2,065 contracts traded compared to a prior open interest of 104, for a 20-fold rise in volume on the trade. The buyer of the calls paid $1.70 to make the bullish bet. Shares recently went for just over $41, so they would need ...
Read More About This
|
14559

Stick With Companies Cracking Down on Member Sharing

Markets were skeptical when
Netflix (NFLX) started to crack down on users who shared their account information. The company even tried the policy last year and failed. But this time around, it’s clear that more users will sign up for the service. Other companies with a membership model are taking note. Only those who pay should get to use the service, rather than acting as a guest for a paying member. One membership club cracking down is
Costco (COST). The retailer will be Read More About This
|
14561

Insider Activity Report: John Wiley & Sons (WLY)

David Dobson, a director at
John Wiley & Sons (WLY), recently bought 3,000 shares. The buy increased his stake by 61 percent, and came to a total cost just under $95,000. This marks the first insider buy since 2021. Otherwise, company executives have been sellers of shares, largely last year, with two sales so far this year. One sale came to just under $1,000,000, at a time when shares traded nearly twice as high as today. Overall, company insiders own 9.0 percent ...
Read More About This
|
14563

Unusual Options Activity: Unity Software (U)

3D software company
Unity Software (U) has moved higher in the past few weeks, on AI speculation. One trader is betting the rally will continue. That’s based on the July $51 calls. With 21 days until expiration, 12,096 contracts traded compared to a prior open interest of 186, for a 65-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Unity shares recently went for about $44. Shares would need to rise $7, or ...
Read More About This
|
14554

For Winning Results, Follow Winning Partnerships

The corporate world is full of mergers and acquisitions. But a partnership, which can allow companies to share their respective strengths, can often get overlooked. Investors who can find successful partnerships often have two potential companies to invest in. Even better, a great partnership may lead to an acquisition, which could mean a bigger return for investors who buy shares of the smaller company in a partnership. One recent partnership announcement comes from
Nvidia (NVDA). The semiconductor leader has partnered with
Snowflake (SNOW), ...
Read More About This
|
14556

Insider Activity Report: Southwest Gas Holdings (SWX)

Carl Icahn, a major owner at
Southwest Gas Holdings (SWX), recently added 9,652 shares. The buy came to a total price of $559,700, and increased his holdings by less than one percent. Icahn has been increasing his position since March, buying over 3 million shares in total across a number of transactions. Company insiders were last sellers of shares in June 2022, when the share price was about 50 percent higher than where the stock trades today. Overall, insiders own about 0.5 ...
Read More About This
|
14558

Unusual Options Activity: Delta Air Lines (DAL)

Airliner
Delta Air Lines (DAL) is up over 40 percent in the past year, as flight demand has remained strong and energy prices have declined. One trader sees shares giving back some of those gains in the coming weeks. That’s based on the August $45 puts. With 50 days until expiration, 4,324 contracts traded compared to a prior open interest of 173, for a 25-fold rise in volume on the trade. The buyer of the puts paid $1.47 to make the bearish ...
Read More About This
|
14548

Buy This Sector as the Fear Is Finally Leaving

Sometimes the market gets fearful of some sectors. When that happens, prices plummet in a short period of time. However, the market is cyclical. And there will always be a new sector that grabs the market’s fear. As that happens, sectors where the fear is leaving will often see some big players move in to profit from a rebound ahead. And investors can follow along to further profits. The banking sector has quieted down, and many regional banks are trending higher. They’re ...
Read More About This
|