Options Flow Is Bearish for Campbell Soup

JC Parets
July 28, 2022

The president and CEO of Heritage-Crystal Clean $HCCI reported a purchase of 150,000 shares, roughly equivalent to $4,000,000 worth of stock.

The only 13D on our list today was filed by Inclusive Capital Partners LP.

The hedge fund revealed an ownership stake of 5.60% in the mid-cap chemical company Ingevity Corp $NGVT.

Here’s The Hot List, with data through July 27, 2022:

Texas Pacific Land Corp $TPL, which we wrote about last week, is back on our list with a handful of new Form 4 filings from Horizon Kinetics Asset Management. Horizon is the largest shareholder of TPL.

In another Form 4, Edward Shapiro, independent director of United Airlines $UAL, reported an additional purchase of 50,000 shares of his own stock.

He’s not the only insider active in the airline industry these days.

This morning, JetBlue $JBLU announced that it’s reached a deal to acquire Spirit Airlines $SAVE for $3.8 billion.

Last but not least, there was bullish options flow in Pinterest $PIN, Twitter $TWTR, and The Trade Desk $TTD.

On the other hand, there was bearish flow in the processed food and snack company Campbell Soup $CPB.

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

If you want these insider transactions e-mailed to you every morning, click here to sign up for The Hot Corner.

And please reach out with any questions. We love hearing from you!

All Star Charts Team

Filed Under