14081

Insider Trading Report: First Solar (FSLR)

Norman Wright, a director at
First Solar (FSLR), recently bought 465 shares. The buy increased his holdings by 40 percent, and came to a total cost just over $99,900. The buy marks the first insider purchase since last August, when two officers picked up just over $1 million in shares. Otherwise, company insiders have generally been selling shares of stock, including both directors and officers. Overall, insiders own 5.2 percent of shares. The manufacturer of solar panels has seen share soar 180 percent ...
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14083

Unusual Options Activity: 3M Company (MMM)

Industrial and manufacturing conglomerate
3M Company (MMM), has seen shares lose nearly a quarter of their value over the past year. One trader sees a further decline in the weeks ahead. That’s based on the March 31 $30 puts. With 18 days until expiration, 7,134 contracts traded compared to a prior open interest of 112, for a 64-fold rise in volume on the trade. The buyer of the puts paid $2.60 to make the bearish bet. Shares recently traded for about $105.50, making ...
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14072

Companies Right-Sizing May Lead to Big Profits Now

Tech layoffs have dominated headlines since the start of the year. However, many of these companies vastly increased their hiring during the pandemic, and may have overshot to the upside. So while layoffs and workforce reductions now sound painful, it may allow companies to lower their spending and lead to bigger profits. That could be a boon to investors now, especially given how much share prices have declined for big-name tech stocks. That advantage could be even further compounded by companies buying ...
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14074

Insider Trading Report: Red Robin Gourmet Burgers (RRGB)

Joshua Wilson, general counsel at
Red Robin Gourmet Burgers (RRBG), recently added 10,000 shares. The buy increased his holdings by 22 percent, and came to a total cost of $112,250. He was joined by the company’s Chief People Officer, who bought 1,751 shares for just under $20,000 a few days before, increasing his holdings by 11 percent. Overall, company insiders have been steady buyers of shares over the past 18 months, with the last insider sale occurring in May 2021. Overall, insiders ...
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14076

Unusual Options Activity: Occidental Petroleum Corporation (OXY)

Oil and gas operator
Occidental Petroleum Corporation (OXY) has seen shares rise 7 precent in the past year. More importantly,
Berkshire Hathaway (BRK-A) has been buying up shares as they drop to the low $60 range. One trader sees a bullish move ahead for the stock following the latest drop. That’s based on the March 31 $63 calls. With 21 days until expiration, 4,625 contracts traded compared to a prior open interest of 229, for a 20-fold rise in volume. The buyer of the ...
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14065

Higher Earnings and Dividends Is the Perfect Recipe for Higher Prices

Dividend-paying companies have a few ways of delivering cash to shareholders. They can borrow the money, which increases debt and debt payments. They can issue shares, which dilutes shareholders. Neither of those strategies can be done for long. The best way is to grow their earnings and cash flow. This allows for companies to pay out a growing amount of that cash flow to the owners of the company – the shareholders. It’s why investors should look for dividend-growing companies. One company ...
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14067

Insider Trading Report: Dish Network Corporation (DISH)

James DeFranco, a director at
Dish Network Corporation (DISH), recently bought 1,450,000 shares. The buy increased his holdings by 20 percent, and came to a total cost of over $15.7 million. The director was the last buyer of shares, picking up 110,000 of them back in September for a mere $1.84 million. All told, the director has been the sole buyer of shares since last May with 8 buys overall. The last insider sale occurred in September 2021. Overall, insiders own 14.1 ...
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14069

Unusual Options Activity: Barrick Gold Corporation (GOLD)

Gold mining operator
Barrick Gold Corporation (GOLD) has seen shares slide by just over one-third in the past year. One trader is betting on a rebound in shares over the coming months. That’s based on the September $21 calls. With 190 days until expiration, 9,668 contracts traded compared to a prior open interest of 375, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.30 to make the bullish bet. Shares recently traded just under $16, so ...
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