11862

Insider Trading Report: Bed Bath & Beyond (BBBY)

Gustavo Arnal, CFO of
Bed Bath & Beyond (BBBY), recently bought 12,500 shares. The buy increased his stake by just over 4 percent, and came to a total purchase price of just over $255,000. That buy came just a few days after two different directors bought shares. One picked up 12,500 shares, paying nearly $250,000, and another bought 25,000 shares across two days. The last insider sales occurred back in July, when shares were trading more than 30 percent higher than their ...
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11863

Unusual Options Activity: SSR Mining (SSRM)

Shares of gold mining company
SSR Mining (SSRM) have been trending higher in recent days, likely fueled by a rising price of gold. One trader sees the potential for a bigger move higher in the coming months. That’s based on the March $20 calls. With 125 days until expiration, 5,555 contracts traded against an open interest of 105, for a 53-fold jump in volume. The buyer of the calls paid $1.33 to make the trade. The Canadian-based gold mining company has seen shares ...
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11853

Earnings Miss Overshadows Rally Potential in This Crypto Name

Cryptocurrencies are trending higher, with Bitcoin and Ethereum hitting new all-time highs in the past week. One beneficiary from this trend has been any company that either facilitates crypto trading or holds cryptocurrencies. There’s now a short-term buying opportunity in
Coinbase (COIN), the brokerage that went public when Bitcoin first peaked earlier this year. The company’s latest earnings showed last quarter’s slowdown, and user growth was lackluster, so shares are dropping. Revenue came in at $1.3 billion instead of $1.6 billion, and ...
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11855

Insider Trading Report: Bally’s Corporation (BALY)

Lee Fenton, CEO of
Bally’s Corporation (BALY), recently bought 5,750 shares of company stock. The buy increased his stake by almost 2.5 percent, and came to a total purchase price of just under $259,000. He was joined by two division presidents as well as a president of retail, who all bought on the same date at slightly different prices. All told, this cluster of insiders bought nearly $850,000 in company shares. This marks a sharp reversal from the past three years, where insiders ...
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11857

Unusual Options Activity: The TJX Companies (TJX)

Shares of clothing retailing chain
The TJX Companies (TJX) have been somewhat range-bound this year, but have been rallying to the higher end of their range in the past few weeks. One trader sees the chance for a further rally past the holiday season. That’s based on the January $82.50 calls. With 71 days until expiration, 7,542 contracts traded against a prior open interest of 233, for a 34-fold rise in volume. The buyer of the calls paid $0.39 to make the ...
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11846

Fear Hits this Key Digital Commerce Player

Earnings season can give a snapshot into how a company is doing. It can also give a view into how traders view a company’s prospects based on one-time events that may not have a massive bearing over the long haul. Case in point?
PayPal (PYPL). The company reported earnings after the market close Monday, and the headline numbers were pretty solid. Shares dropped anyway. Shares of the payment giant are now slightly down for the year, having slid nearly 20 percent in the ...
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11848

Insider Trading Report: Air Products & Chemicals (APD)

Wayne Thomas Smith, a director at
Air Products & Chemicals (APD) recently bought 1,637 shares. The buy created an initial stake, and came to a total purchase price of just over $500,000. This is the first insider activity at the company since January 2020. Over the past 3 years, insiders have been more active as both buyers and sellers, with buyers outnumbering sellers in total share transactions. Overall, insiders own 0.3 percent of company shares. This latest buy has occurred as shares ...
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11850

Unusual Options Activity: Micron Technology (MU)

Shares of semiconductor firm
Micron Technology (MU) have been trending higher in recent weeks, reversing a longer-term declining trend this year. One trader sees a continued move higher this month. That’s based on the November 26 $80 calls. Expiring in 16 days, 50,100 contracts traded hands, a 219-fold jump in volume from the prior open interest of 229. The buyer of the calls paid $0.71 to make the trade. With shares of Micron around $74.50, shares would need to rally another 7.3 percent ...
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