11045

Insider Trading Report: Altria Group (MO)

Ellen Strahlman, a director at
Altria Group (MO), recently bought 2,000 more shares. The buy increased her stake by nearly 57 percent, and came to a total price of just over $99,000. This action marks the first insider activity at the company for 2021. The last insider buy occurred in 2019, and over the past few years, company insiders have been more inclined to sell rather than buy shares. Overall, company insiders own just 0.1 percent of company shares. The tobacco giant sports ...
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11036

Insider Trading Report: QuantumScape (QS)

Brad Buss, a director at
QuantumScape (QS) recently bought 10,000 shares. The buy increased his stake by nearly 4 percent, in a transaction valued at nearly $284,000. This is the first buy from an insider since major investor Volkswagen committed $100 million back in late March. Other company insiders have been sellers of shares in recent weeks. Overall, company insiders own 31 percent of the company. Shares of the battery manufacturer have been on a wild ride since their IPO last year ...
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11037

Unusual Options Activity: Live Nation Entertainment (LYV)

Shares of ticket selling company
Live Nation Entertainment (LYV) spiked higher following the vaccine rollout, pulled back, and have now moved back to their old highs. One trader sees shares breaking through to new highs in the second half of the year. That’s based on the January 2022 $95 calls. With over six months until expiration, 5,326 contracts traded against a prior open interest of 161, for a 33-fold rise in volume. The buyer of the option paid about $8.60 to make the ...
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11034

Consumers Remain King, And So Does This Retail Play

Even with the rise of e-commerce, it’s clear that some retail companies will continue to dominate the in-person experience. Those companies are usually big box stores, which offer sufficient variety as well as low prices. That’s why it’s no surprise that these companies have done well this earnings season. And why so many have also expanded their online presence, even if they’re still relatively smaller players there. One of the top retailers for this trend is
Costco (COST). The warehouse giant is famous ...
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11029

Cloud Services Remain Strong in the Post-Pandemic Era

Traders may be shifting towards airlines, cruise ships, and reopening movie chains as the world settles into a post-pandemic recovery. But many changes that occurred are likely to remain. One of those is the shift towards cloud services that started last year. As the work-from-home era likely won’t go back to the pre-pandemic levels of being in the office, it’s no surprise that many cloud names in tech have been reporting solid earnings in the first quarter of 2021. Case in point?
Salesforce.com ...
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11031

Unusual Options Activity: AMC Entertainment Company (AMC)

Shares of movie theater chain
AMC Entertainment Company (AMC) are leading a new potential retail short squeeze higher. Naturally, that’s caused some traders to expect the company to crater down in the coming days, weeks or months. With a number of put options on the company leading unusual option activity by volume, the August $18 puts are the most interesting for a potential post-squeeze drop. With 81 days until expiration, over 12,740 contracts traded compared to a prior open interest of 161, for ...
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11030

Insider Trading Report: Peloton Interactive (PTON)

TCV X Cycle LP, a major owner of
Peloton Interactive (PTON), has been adding to their stake. They made two separate buys last week, one for 39,388 shares, and one for 16,492 shares. The two buys increased the fund’s stake in the firm by nearly 3 percent. This adds to other buys made by the fund earlier in May as well, totaling over $9.5 million. Outside of this fund buy, company insiders have generally been sellers since the company went public. Company executives ...
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11026

Unusual Options Activity: Comcast (CMCSA)

Shares of cable and entertainment giant
Comcast (CMCSA) have been trading in a range in recent weeks. One trader sees a return to the high end of that range in the days ahead. That’s based on the June $59 calls. Expiring in 21 days, over 31,800 contracts traded, a 163-fold increase in volume from the prior open interest of 194 contracts. The buyer of the calls paid about $0.42 to make the trade. Shares of Comcast trade near $57, so the shares would ...
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