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Insider Activity: WideOpenWest (WOW)

Insider Activity: WideOpenWest (WOW)

Major fund adds to stake.Crestview Partners, a fund with board seats and major ownership, added to their stake ofWideOpenWest (WOW). The fund bought 18,120 shares, increasing their total stake to over 30,547,000 shares, at a cost of $108,000. Insiders such as the CEO and CFO have also been buyers of the company in the past two years, with most of that buying coming in recent weeks. Insiders have last sold shares of the company back in 2017. WideOpenWest provides cable, telephone, and data services to residential and business customers throughout the United States, with over 3.2 million c...
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Unusual Options Activity: Ford Motors (F)

Unusual Options Activity: Ford Motors (F)

Bet on continued drop in shares.A number of bearish options trades were made againstFord Motors (F) recently, as the company reported lower-than-expected sales. Of all the options trades, the November 15th $8 puts saw the most action, with over 44,000 contracts trade, for a 63-fold surge in volume from a prior 700 contracts. That bet, expiring in about six weeks, will move in-the-money if shares drop just fifty cents, or about 6 percent from here. Ford announced that its auto sales dropped 4.9 percent, largely on a big drop in demand for its F-Series pickup truck, one of the company’s mo...
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Unusual Options Activity: Teva Pharmaceutical (TEVA)

Unusual Options Activity: Teva Pharmaceutical (TEVA)

November put buying suggests further drop.The November 15th $8 put options onTeva Pharmaceutical (TEVA) saw over 17,000 contracts trade against a prior open interest of 243, indicating a 70-fold surge in volume on the trade. With shares of Teva around $7, the $8 puts are already $1 in-the-money and should move penny-for-penny with any further drop in shares. At a cost of $1.44, the option also has about a penny a day in time premium attached to it. Shares of Teva have slid by 68 percent in the past year, and the company has some liability stemming from opioid-related pharmaceutical produ...
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Insider Activity: Ulta Beauty (ULTA)

Insider Activity: Ulta Beauty (ULTA)

Director makes $59 million buy.Charles Heilbronn picked up 243,849 shares ofUlta Beauty (ULTA), increasing his stake by 13 percent to just over 2,087,000 shares. The total cost for the latest purchase, with shares around $240, came to $58,900,000. This marks the second insider buy at the company this year, following a 1,300 shares buy from the CEO in late September. Insiders have otherwise been sellers of the company, at prices 21 to 26 percent higher than the current price. Although shares have rallied in recent weeks, shares of Ulta Beauty are still down 11 percent in the past year, un...
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Unusual Options Activity: Foot Locker (FL)

Unusual Options Activity: Foot Locker (FL)

Traders bet on a rally in shares this month.The October 19th $44.50 call options onFoot Locker (FL) saw nearly 2,000 contracts trade against a prior open interest of 147, for a 13-fold surge in volume. With shares trading around $42.70, shares need to rally at least 4 percent for the option to move in-the-money. The company next reports earnings in late November, so the move higher will have to occur without that particular catalyst. Shares of the mall-based retailer of athletic apparel have already started to move higher thanks to the strong earnings report from Nike last week, which co...
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Insider Activity: Interface Inc (TILE)

Insider Activity: Interface Inc (TILE)

Director makes $675,000 buy.Christopher Kennedy, a director atInterface Inc. (TILE), picked up 49,000 shares of the company, increasing his holdings by 55 percent. The total cost came to just under $675,000, and the director now owns over 136,000 shares. Insiders have been inactive at the company since late 2017, with this marking the first buy at the company. Insiders have previously been net sellers of shares two years ago, at prices 25-35 percent higher than where shares currently trade. Interface is a modular flooring company, which designs, produces and sells modular carpet worldwid...
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Insider Activity: USA Technologies (USAT)

Insider Activity: USA Technologies (USAT)

Major holder buys another 1.8 million shares.Hudson Executive Capital LP continues to buy massive blocks of shares atUSA Technologies (USAT). Following a recent buy, the company picked up another 1.8 million shares on September 26th, increasing their stake by 21 percent. The fund paid $8.2 million for the block of shares, and now owns over 10.1 million shares of the company. With a float of only 37 million shares, Hudson now owns over 27 percent of shares outstanding. The fund may be vying to buy up 50 percent of the company to assume control, either to take the company private, or to be...
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Unusual Options Activity: CenturyLink (CTL)

Unusual Options Activity: CenturyLink (CTL)

Traders bullish on telecom in coming weeks.The October 18th $13.50 call options onCenturyLink (CTL) saw nearly 4,000 contracts trade, against a prior open interest of 360, an 11-fold surge in volume. With shares at $12.75, the option will trade in-the-money if shares rise 5.8 percent in the next 18 days. Given how shares have traded as high as $22 in the past year, the option stands a reasonable chance of heading higher in the next few weeks. With shares of the company trading under 10 times earnings and yielding over 7.7 percent following a 40 percent decline in the past year, the telec...
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Insider Activity: Beacon Roofing Supply Inc. (BECN)

Insider Activity: Beacon Roofing Supply Inc. (BECN)

Major investor on verge of majority stake.CD&R Investment Associates picked up 3.2 million shares ofBeacon Roofing Supply Inc. (BECN). The firm, already a major holder, increased their stake by 30 percent by making the buy. The total cost came out to just over $102 million, and leaves the fund with 13.7 million shares of the company. In the past year, CD&R has picked up over 28 million shares, and corporate insiders have also been net buyers, with only two small sales. Beacon Roofing distributes residential and commercial roofing materials through various suppliers, and also prov...
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Unusual Options Activity: Freeport McMoRan (FCX)

Unusual Options Activity: Freeport McMoRan (FCX)

At-the-money puts suggest potential decline.The December 20th $10 put options onFreeport McMoRan (FCX) saw over 8,100 contracts trade, a 57-fold increase over the prior open interest of 143 contracts. With 84 days left to go, and with shares right at $10.00, the option should increase in value with any dollar-for-dollar drop in shares. With the option trading around $0.80, shares would need to only drop to $9.20 for the option holder to start making money on the trade. Freeport McMoRan has seen shares trade as high as $14 and as low as $8.50 in the past year. At the low, the option holde...
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