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Insider Activity: CARBO Ceramics (CRR)

Insider Activity: CARBO Ceramics (CRR)

President & CEO buys 50,000 shares.On Tuesday, July 30th, Gary Kolstad, President and CEO ofCARBO Ceramics (CRR) bought 50,000 shares of his company, paying $53,000. This increased his stake by over 10 percent, bringing his total share ownership in the company to over 512,000 shares. This is the first insider buy at CARBO this year, but Kolstad has been a buyer multiple times in 2018 at far higher prices. CARBO Ceramics is a technology company that provides products and services to the oil and gas industry, such as base ceramic proppants, frac sand proppants, and oil and gas operator...
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Unusual Options Activity: Advanced Micro Devices (AMD)

Unusual Options Activity: Advanced Micro Devices (AMD)

Big bet on continued decline through September. On Wednesday, shares ofAdvanced Micro Devices (AMD) dropped following decent, but lackluster earnings. Some traders saw further weakness, as evidenced by a number of bearish options trades following the earnings report. One particularly active option was the September 20th $26.00 put options, expiring about 50 days away. The option saw over 3,100 contracts trade against a prior interest of 174, for a nearly 18-fold increase in volume. With AMD shares knocked down to $31.15 in trading, the $26 strike price implies a further move lower in ...
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Unusual Options Activity: Bed Bath & Beyond, Inc (BBBY)

Unusual Options Activity: Bed Bath & Beyond, Inc (BBBY)

Big bet on share decline by September.On Tuesday, an unusual number of the September 2019 $8 puts onBed Bath & Beyond Inc. (BBBY) traded. Over 10,100 contracts traded against a prior open interest of 443, a 23-fold surge in volume. With shares currently trading around $9.30, the $8 strike price is a bet that shares will drop at least 14 percent in the next 51 days before expiration. Shares of the company next report earnings in late September, but shares have been trending down in recent days as fears that the retailer will continue to struggle. The company’s market cap is down to...
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Insider Activity: Central Pacific Financial Corp (CPF)

Insider Activity: Central Pacific Financial Corp (CPF)

Chairman and President make buys.On Monday July 29th, Paul Yonamine, Chairman and CEO ofCentral Pacific Financial Corp (CPF) bought over 8.600 shares of the company, paying just over $255,000 to do so. He was joined by President Catherine Ngo, who bought 8,550 shares, paying just over $253,500. These buys follow off of some buys by directors back in mid-June. Central Pacific Financial Corp is based on Honolulu, Hawaii, and operates a traditional bank with 35 branches and 78 ATMs in the state. Besides personal loans, it offers business and commercial loans, construction and real estate, a...
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Insider Activity: Air Products & Chemicals (APD)

Insider Activity: Air Products & Chemicals (APD)

CEO makes $4.5 million buy.On Friday July 26th,Air Products & Chemicals (APD) CEO Seifi Ghasemi picked up 20,000 shares of the company. At $227 per share, the total cost came to a whopping $4.5 million bet on the company. The new buy brings his total share count to nearly 454,000 shares. This marks the first insider buy at the company for 2019, and only one insider has sold shares at the industrial giant this year. Air Products & Chemicals provides atmospheric gases, process and specialty gases, and related equipment and services worldwide. That includes products like oxygen, nit...
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Unusual Options Activity: Anheuser-Busch Inbev (BUD)

Unusual Options Activity: Anheuser-Busch Inbev (BUD)

Big bet on shares rallying through January.On Monday, a bullish bet was made onAnheuser-Busch Inbev (BUD), maker of Budweiser and other beverages and spirits. The bet was on the January 2020 $90 call options on the stock, expiring 171 days from now. Over 15,000 of these contracts traded, against an open interest of 1,233, making for a 12-fold surge in volume on the option. Even more unusual is the fact that shares currently trade around $101, making the option about $11 in-the-money. It should move higher penny-for-penny with shares. At a current price around $14.00, there’s only about $...
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Insider Activity: Cadence Bancorporation (CADE)

Insider Activity: Cadence Bancorporation (CADE)

Director makes $50,000 buy.Last week, Richard Fredericks bought 3,105 shares ofCadence Bancorp (CADE), increasing his stake by 3 percent. He paid nearly $50,000. This brings his total stake in the company to nearly 108,000 shares. Other directors have been buyers, largely back in May. Insiders have been sellers of shares at prices at least 20-25 percent higher than where they currently trade. Cadence is a Houston-based bank that operates 66 offices in Texas, Alabama, Florida, Mississippi, Tennessee and Georgia. The bank was founded in 1885, and offers traditional banking products such as...
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Unusual Options Activity: Caterpillar (CAT)

Unusual Options Activity: Caterpillar (CAT)

Big bet on shares declining in the next month.On Friday, a bearish bet onCaterpillar (CAT)led the options market for the size of unusual activity. Over 7,700 contracts traded on the August $128 put options, against an open interest of 123. That is a 62-fold surge in volume. With the share price around $134, shares will need to fall at least 4.5 percent for the option to trade in-the-money before the option expires on August 16th. Caterpillar is a global leader in farm, mining, and construction equipment, with over 104,000 employees around the world. Best known for tractors and loaders, t...
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Unusual Options Activity: Targa Resources Group (TRGP)

Unusual Options Activity: Targa Resources Group (TRGP)

Big bet on shares rallying through October.On Thursday, a large bet was made on shares ofTarga Resources Group (TRGP) continuing its recent rally higher. Over 5,250 of the October $43 call options traded hands, against an open interest of 242—making for a 21-fold increase in volume. With a current share price around $40.50, this is a bet that shares will move at least 6 percent higher in the next 84 days. Targa is a storage and transport company for natural gas and oil, with a focus on large shale plays in Texas and Oklahoma. It has over 30,000 miles of pipeline, six terminals, and over ...
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Insider Activity: Roadrunner Transportation Systems (RRTS)

Insider Activity: Roadrunner Transportation Systems (RRTS)

 Major holder adds to truck transportation company. On Thursday, Elliott International, LP, bought 1,866 shares ofRoadrunner Transportation Systems (RRTS). While the total cost was under $20,000, Elliott already owns over 23,148,000 shares of the company— making them a major shareholder. The recent buy increases their holdings by 0.01 percent, the fund has been a repeat buyer of shares near current prices in prior months in the 1,500-8,000 share range. Roadrunner operates asset-light transportation and logistics services, primarily in the United States and Canada, through 40 ...
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