Oppenheimer Gives Papa Johns International Perform Rating

Oppenheimer Gives Papa Johns International Perform Rating

Investment firm sees opportunity in pizza business. Oppenheimer started coverage on Papa John’s International (PZZA), starting the company out with a Perform rating. The company sees the current valuation of the company as reasonable, but has long-term potential. The company’s international operations have room to run, and the company is also seen as a potential acquisition target in the future if the company’s turnaround continues. Papa John’s has struggled in recent years as pizza sales have declined and the board of directors replaced the company founder. As the company has ...
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Unusual Options Activity: Nvidia (NVDA)

Unusual Options Activity: Nvidia (NVDA)

In-the-money call option suggests further gains for shares. The November 2019 $165 call options on Nvidia (NVDA) saw over 3,300 contracts trade against a prior open interest of 281, making for a 12-fold increase in volume. With shares of the company currently trading at $180, the contracts are already $15 in-the-money. With the contract trading around $21, shares of the company need to rise at least another $6 for the call buyer to break-even on the trade before the option expires in 57 days. Nvidia, the graphics processing giant, has seen its shares decline 33 percent in the past...
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Insider Activity: Tailored Brands (TLRD)

Insider Activity: Tailored Brands (TLRD)

Multiple insiders buy at beleaguered retailer. Dinesh Lathi, President and CEO of Tailored Brands (TLRD), bought 15,000 shares recently. So did director Theo Killion on the same day. Both paid around $4.60-$4.80, slightly above where shares now trade at $4.55. Both paid around $70,000 for that stake, and both increased their total ownership in the company by over 33 percent. Tailored Brands, owner of retailers Men’s Wearhouse and Joseph A. Bank, has seen shares drop 82 percent in the past year on slow sales. The company is also saddled with over $2 billion in debt, which, with ...
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Insider Activity: Anixa Biosciences (ANIX)

Insider Activity: Anixa Biosciences (ANIX)

CEO, director add to insider buys this year. CEO Amit Kumar and director Lewis Titterton have been buyers at Anixa Biosciences (ANIX). The CEO bought 10,000 shares, increasing his holdings in the company by 6 percent, paying over $41,000. The director bought 15,000 shares, increasing his holdings by 2 percent, paying over $61,000. Insiders, including other directors at the firm, have been steady buyers at the company in the past year, with no insider sales in the past year. Insiders have bought near current prices, and as much as 9 percent higher than where shares trade. Anixa ...
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DA Davidson Downgrades Huntington Bancshares

DA Davidson Downgrades Huntington Bancshares

Firm sees little upside for bank following rally. DA Davidson downgraded Huntington Bancshares (HBAN), leaving the company with a neutral rating. DA Davidson left their price target at $16 per share, however. The bank has seen shares rally 32 percent from its 52-week low set in late 2018, and shares are up over 22 percent year-to-date, beating the overall stock market. Davidson sees this relative outperformance as a reason to be less bullish, and to take profits for holders of the company. Relative to other banking companies, Huntington Bancshares look rather pricey at current lev...
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Unusual Options Activity: British Petroleum (BP)

Unusual Options Activity: British Petroleum (BP)

Bet on oil giant rallying more through Friday. Friday’s $41 call options on British Petroleum (BP) saw heavy trading as the oil market shot higher. With just three trading days until expiration, over 128,992 contracts of the option traded at an average price of $0.14. With an open interest of 3,500 contracts, this is a near-37-fold increase in volume on the trade. Shares of BP surged to $39 in trading, so the trade is a bet shares can move another $2, or about 5 percent higher. BP operates a worldwide energy business with oil and natural gas exploration, field development, and tra...
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Drone Strikes Cripple Saudi Oil Output

Drone Strikes Cripple Saudi Oil Output

Over 5 million barrels per day knocked offline. After a series of drone strikes hit oil infrastructure in Saudi Arabia, oil prices rose by 13 percent. The attack caused enough damage to lead to a shutdown of nearly half of the key OPEC member's oil output, about 5 million barrels per day. Yemen-based Houthi rebels claimed credit for the attack. The attacks came at a sensitive time, as Saudi Arabia was looking to take its oil giant, Saudi Aramco, public. While higher prices could benefit Saudi Aramco, the speed of getting operations going again will be a crucial sign of leadersh...
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Insider Activity: Halliburton (HAL)

Insider Activity: Halliburton (HAL)

Insiders make first buy in 14 months. Director William Albrecht recently added to his stake at Halliburton (HAL), with an 8,000 share buy. The purchase doubled his total stake to 16,000 shares, and cost over $154,000 to make the buy. This is the first insider buy at the company in 14 months, following a series of sales by insiders at prices anywhere from 28 to 49 percent higher than current prices. Halliburton provides various products and services to the oil and natural gas industry. Their products include well casing and cementing services, well completion and sand control produ...
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Dealer Inspire Selected as Website Provider for GM Dealerships

Dealer Inspire Selected as Website Provider for GM Dealerships

Cars.com-owned website to profit from agreement. Dealer Inspire, a division of Cars.com (CARS), has been selected as a website provider for dealers of General Motors. The company has over 4,000 dealers in the U.S for the Chevrolet, Buick, and Cadillac brands. Dealer Inspire provides advanced website platforms to connect automotive customers and dealers quickly and with high personalization and customization options. DI reports that it has an average dealer satisfaction score of 9.5 out of 10, leading the industry. Cars.com provides services connecting car dealerships with customer...
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Cloudflare Soars in IPO

Cloudflare Soars in IPO

Company marks successful IPO. Shares of Cloudflare started trading on the New York Stock Exchange under the ticker NET. The company had an IPO price of $15 per share, but rallied about 20 percent to $18 per share in early trading. The company’s IPO is the biggest tech IPO in recent months, and raised $525 million for the company, which now trades with a market cap of $1.4 billion. Founded in 2009, Cloudflare operates a cloud platform delivering a variety of services to businesses worldwide, including software-as-a-service applications, Internet of Things devices, and other securit...
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