Options Flow Is Bullish for Bellwether Freeport-McMoRan

JC Parets
May 24, 2022

The largest insider transaction on today’s list is a Form 4 filing by Winder Investment, which reported an additional $1.8 million purchase in Sensient Technologies $SXT.

The firm now owns more than 6 million shares, representing a 12.4% ownership interest in the specialty chemicals stock.

Director Becker Caryn Seidman of Home Depot $HD revealed a purchase of approximately 1,500 shares in the home improvement retailer.

Here’s The Hot List, with data through May 23, 2022:

The only 13D on our list today was filed by Sunriver Master Fund.

The hedge fund revealed an ownership stake of 6.42% in the small-cap gaming and multimedia company NeoGames $NGMS.

Director Thurman J. Rodgers of Enovix Corporation $ENVX reported an acquisition of 100,000 shares of his company’s stock in a Form 4 filing.

In the options market, there was bullish flow in American Airlines $AAL, The Goodyear Tire & Rubber Company $GT, and the marine shipping company Safe Bulkers $SB.

There was also bullish flow in the metals and mining company and economic bellwether Freeport-McMoRan $FCX.

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

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All Star Charts Team

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