Chemicals, Commodities Continue To Attract Attention

Nelson Peltz’s Trian Fund reported a $53 million purchase in the asset manager and popular ETF provider Invesco Ltd $IVZ.

The hedge fund now owns over 48 million shares, which equates to an ownership stake of about 10.5%.

We continue to see substantial insider activity in the chemicals industry, with Winder Investments reporting a $2.5 million purchase of the food ingredient and chemical coloring stock Sensient Technologies $SXT.

Here’s The Hot List, with data through March 25, 2022:

There was also a small insider buy by the Eastman Kodak $KODK director and President Michael Sileck.

This is Kodak’s second time on our list in a few days, as there was bullish call activity in the name last week.

We continue to see a consistent flow of bullish options activity in commodity stocks in general. 

Friday, it was the oil names getting some love again as both Transocean $RIG and Tellurian $TELL popped up on our scan with heavy buying in near-dated out-of-the-money calls.

Stay tuned. We'll be back Tuesday with more insider action.

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All Star Charts Team