The Latest Corporate Shakeup May Be a Boon for This Social Media Play
Most company executives want to leave at what they view as the top. Many aren’t fortunate in that regard. But those who succeed can also leave a company before building problems can come to the forefront, and potentially damage shareholder value. In the short-term, the market may give the thumbs-up to a leaving CEO by giving shares a boost on optimism the next CEO will fare better. That could be the case with
Twitter (TWTR). CEO and co-founder Jack Dorsey announced his ...
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Twitter (TWTR). CEO and co-founder Jack Dorsey announced his ...
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Insider Trading Report: EOG Resources (EOG)
Michael Kerr, a director at
EOG Resources (EOG), recently bought 50,000 shares. The buy increased his stake by nearly 47 percent, and came to a total purchase price of $4.3 million exactly. This marks the first insider buy at the company in the past three years. Company insiders have typically been sellers of shares. The sales have been clustered by company executives, and appears to be based on the exercise of stock options. Company insiders own just 0.4 percent of shares. Those company ...
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EOG Resources (EOG), recently bought 50,000 shares. The buy increased his stake by nearly 47 percent, and came to a total purchase price of $4.3 million exactly. This marks the first insider buy at the company in the past three years. Company insiders have typically been sellers of shares. The sales have been clustered by company executives, and appears to be based on the exercise of stock options. Company insiders own just 0.4 percent of shares. Those company ...
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Unusual Options Activity: Goodyear Tire & Rubber (GT)
Shares of auto parts supplier
Goodyear Tire & Rubber (GT) have been on a tear this year, more than tripling the returns on the S&P 500. One trader sees that overall trend continuing in the next few days following last week’s market pullback. That’s based on the December 10 $22 calls. With 9 days until expiration, over 5,210 contracts traded against an open interest of 107, for a 49-fold rise in volume. The buyer of the calls paid $0.35 to make the ...
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Goodyear Tire & Rubber (GT) have been on a tear this year, more than tripling the returns on the S&P 500. One trader sees that overall trend continuing in the next few days following last week’s market pullback. That’s based on the December 10 $22 calls. With 9 days until expiration, over 5,210 contracts traded against an open interest of 107, for a 49-fold rise in volume. The buyer of the calls paid $0.35 to make the ...
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One Surprising Player May Win in the Quantum Computing Space
As a tech trend, quantum computing, a new and innovative way of processing information much more efficiently than traditional models, comes in and out of favor with investors. That hasn’t stopped a number of startup and old companies alike from working in the space. Yet one company that’s been a recent laggard in tech is now leading the way. And it could lead to a renewed surge in lackluster share prices. The company is
International Business Machines (IBM). The tech giant best known ...
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International Business Machines (IBM). The tech giant best known ...
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Insider Trading Report: Biglari Holdings (BH)
Sardar Biglari, Chairman & CEO of
Biglari Holdings (BH), recently added 28,966 more shares. The buy increased his stake by 2.25 percent, and came to a total cost of just over $4.62 million. Biglari was the most recent buyer as well with a pickup back in August, before shares traded 40 percent higher. He and other insiders have been active over the past three years, with every transaction involving the pickup of shares. Overall, insiders own 0.5 percent of company shares. Shares ...
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Biglari Holdings (BH), recently added 28,966 more shares. The buy increased his stake by 2.25 percent, and came to a total cost of just over $4.62 million. Biglari was the most recent buyer as well with a pickup back in August, before shares traded 40 percent higher. He and other insiders have been active over the past three years, with every transaction involving the pickup of shares. Overall, insiders own 0.5 percent of company shares. Shares ...
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Unusual Options Activity: American Airlines (AAL)
Shares of passenger carrier
American Airlines (AAL) dropped nearly 9 percent on Friday, following the announcement of a new Covid variant. One trader is betting on a rebound in the months ahead. That’s based on the June $17 calls. With 198 days until expiration, over 4,690 contracts traded, a 31-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $1.19 to do so. Shares last traded around $17.75, meaning the option is already $0.75 in-the-money, an ...
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American Airlines (AAL) dropped nearly 9 percent on Friday, following the announcement of a new Covid variant. One trader is betting on a rebound in the months ahead. That’s based on the June $17 calls. With 198 days until expiration, over 4,690 contracts traded, a 31-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $1.19 to do so. Shares last traded around $17.75, meaning the option is already $0.75 in-the-money, an ...
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Some Old-School Companies May Benefit from the Rise of the Metaverse
The rise of metaverse networks has the potential to reshape how people interact with each other in digital realms. While a number of companies large and small are investing heavily in the space, a number of existing companies could stand to profit from making a partial pivot into the space. That includes existing media companies, but also hardware companies supplying the key tech to building out the metaverse. One such player for this potential “Web 3.0” universe is a key builder of ...
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Insider Trading Report: Marathon Petroleum Corp (MPC)
Charles Bunch, a director at
Marathon Petroleum Corp (MPC), recently picked up 1,000 more shares. The buy increased his stake by 3.7 percent, and came to a total purchase price of just under $65,000. This marks the first insider activity since June 2019, when another director bought 12,500 shares. Going back further over the past three years, insiders have generally been buyers, with a few periodic sales from company executives. Company insiders own 0.3 percent of company shares. Shares have surged 56 percent ...
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Marathon Petroleum Corp (MPC), recently picked up 1,000 more shares. The buy increased his stake by 3.7 percent, and came to a total purchase price of just under $65,000. This marks the first insider activity since June 2019, when another director bought 12,500 shares. Going back further over the past three years, insiders have generally been buyers, with a few periodic sales from company executives. Company insiders own 0.3 percent of company shares. Shares have surged 56 percent ...
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