Thomas Shaw, President and CEO ofRetractable Technologies (RVP), added 1,500 shares to his stake recently. Shaw owns over 18.7 million shares of the company, making the increase in his total holdings a modest one.
Shaw is a frequent buyer of shares in small lots—likely just enough to ensure the small-cap company’s shares don’t move wildly, and he has been buying shares as they have continued to move higher in the past few months.
Retractable Technologies, a designer and manufacturer of safety syringes and other medical products for the healthcare industry, has seen shares advance 85 perc...
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Unusual Options Activity: Twitter (TWTR)
Traders bet on further weakness following earnings miss.A variety of put options onTwitter (TWTR) saw soaring volume following the company’s massive earnings miss, which sent shares down by twenty percent. Of the numerous contracts with heavy volume, the December 20th $26 put options saw a 40-fold increase, from 101 contracts to over 3,900.
The option, with a cost of just $0.23, is a bet that would move in-the-money in the 56 days until expiration if shares fell another 18 percent—a little bit less than the post-earnings drop.
The $26 strike price also represents a 52-week low for shares...
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Unusual Options Activity: Petroleo Brasileiro (PBR)
Bet in surge of call buying.There was a 25-fold surge in volume from 111 contracts to over 2,800 on the November 15th 2019 $16.50 call options onPetroleo Brasileiro (PBR), also known as Petrobras.
The options, with shares of the Brazilian oil company trading at $15.50, would trade in-the-money with a $1 rally in shares in the next 22 days. At a cost of just $0.19, or $19 per contract, it’s a cheap bet on shares to rally in the next few weeks.
The news comes as workers at the company state that they will go n strike over the weekend. The company has also faced a variety of scandals and st...
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Insider Activity: Plumas Bancorp (PLBC)
Director picks up $25,000 in shares.Director Richard Kenny picked up over 1,150 shares ofPlumas Bancorp (PLBC) recently, raising his stake by over 20 percent. The buy cost just over $25,000.
Insiders at the regional bank have been both buyers and sellers in the past few years, with the last sales coming at prices 13 percent higher than the recent insider buys. Buyers and sellers have just included corporate executives, not major funds or outside capital.
All told, insiders own nearly 20 percent of the company, a great sign that their long-term interest is aligned with shareholders.
Th...
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Unusual Options Activity: Kraft Heinz (KHC)
Bet on shares moving higher after earnings.Over 6,800 contracts traded on the November 8th $29 call options onKraft Heinz (KHC). Compared to the open interest of 141 contracts, that’s a 48-fold surge in volume.
With shares of the company around $28.30, shares need to move just 2.5 percent higher in the coming 16 days before expiration to move in-the-money. For the call buyer, paying $0.90, to profit, shares need to move closer to $30 by then.
With the company next reporting earnings on October 31st, the trade is a bet on shares doing just that.Action to take: As an earnings season trade,...
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Insider Activity: Independence Contract Drilling (ICD)
Cluster of insiders pick up shares.A number of insiders atIndependence Contract Drilling (ICD) have started buying shares in recent days. The buys include a 6,400 share buy from the CFO, a 20,000 share buy from a director, a 5,000 share buy from the CEO, and a 2,500 buy from the company’s head of HR.
These buys follow up on another cluster of insider buys going into the prior week as well, and so far insiders have bought over $50,000 in shares this month.
Full insider data shows an explosion in buying from corporate executives, with just a handful of small sales.
Independence Contract...
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Unusual Options Activity: Wheaton Precious Metals (WPM)
Bet on decline in shares over next few months.Over 7,500 contracts traded on the January 2020 $26 put options onWheaton Precious Metals (WPM). Against the prior open interest of 190, it’s a 40-fold surge in volume.
With shares of the stock currently trading around $26.50, the option trades close to in-the-money, and could start moving penny-for-penny with shares should they decline in the coming days. For the trader to make money on the options, which cost around $1.40, shares would need to fall to $24.60.
Wheaton Precious Metals operates silver and gold ore mines, with agreements for 19...
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Insider Activity: Emmaus Life Sciences (EMMA)
Vice Chairman adds to holdings.Willis Lee, Vice Chairman and COO atEmmaus Life Sciences (EMMA), recently bought 7,890 shares, increasing his total stake by nearly 3 percent to 282,000 shares. The buy cost just under $21,000.
This follows up on an 11,000 share buy he made last week, and the company’s Chairman and CEO has been active in the past months as well. Overall, insiders have been only buyers in the past three years, with a recent uptick in buying as shares have dropped.
Emmaus Life Sciences is a biotech company engaging in the discovery, development, and commercialization of treat...
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Two Stocks Trouncing This Earnings Season You Should Buy Now
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The market is undervaluing these companies following their earnings beat.
Nearly 25 percent of the companies in the S&P 500 will report earnings this week. But many companies have already reported—and so far, this earnings season has been great.
For all the fears of an economic slowdown, for all the fears of a trade war—most companies are just doing what they do best, offering products and services that remain in demand. It’s no surprise that most companies can beat expectations when fear has driven those expectations down.
Of the companies that have already beaten earnings ...
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Insider Activity: Investcorp Credit Management BDC (ICMB)
Major holder makes six-figure addition to stake.Investcorp BDC Holdings, the management behindInvestcorp Credit Management (ICMB), added 15,614 shares to their stake at a cost of just over $100,000.
Over the past two years, insiders have been nothing but buyers, including executives such as the CEO and CFO, at prices as much as 32 percent higher than where shares trade.
Investcorp is a business development company (BDC) that makes mezzanine, middle-market, and other loans and financial services throughout the United States and Europe.Action to take: BDCs are an interesting space for an i...
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