Activists, Options Traders Are Still Bullish on Commodities

JC Parets
July 1, 2022

As the sleepy summer season carries on, so do the short Hot Lists.

Director Timothy J. Wilmott revealed an acquisition worth $1.2 million in Darden Restaurants $DRI.

Mario Gabelli’s GAMCO Investors filed a 13D revealing an ownership stake of 22.3% in Telesat Corporation $TSAT.

In another 13D, THRC Holdings LP revealed an ownership stake of 8.8% in the mid-cap oil and gas company NexTier Oilfield Solutions $NEX.

Here’s The Hot List, with data through June 30, 2022:

The chairman, president, and CEO of Pebblebrook Hotel Trust $PEB disclosed the purchase of 26,000 shares of his own stock.

Amy Lane, independent director at FedEx Corporation $FDX, filed a Form 4 revealing the purchase of $138,466 worth in the stock.

In the options market, there was bullish flow in two commodity-related stocks, Freeport-McMoRan $FCX and Cleveland-Cliffs $CLF.

Enjoy the long Independence Day weekend. We'll be back Tuesday with more insider action.

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All Star Charts Team

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