Today’s Hot List is a short one.
As the market takes a pause following four straight up days, options traders are using puts to fade the bounce in UP Fintech Holdings $TIGR and HP $HPQ.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
As the market takes a pause following four straight up days, options traders are using puts to fade the bounce in UP Fintech Holdings $TIGR and HP $HPQ.
by David
The highlight of today’s list is the Altimeter Capital Form 4, which revealed a $7 million purchase in the mid-cap software stock Confluent $CFLT.
Altimeter now owns 5,131,700 shares of CFLT.
There was also a significant Form 4 filing by Sequoia Capital’s Roelof Botha, detailing a purchase in the diagnostics and research company Natera $NTRA.
Botha purchased roughly $5 million of NTRA stock, bringing his total share count to over 1.3 million.
by David
We’ve talked a lot about the unusual options activity in commodity stocks like Freeport-McMoRan $FCX in recent weeks and months.
Yesterday, we saw more of the same, as options traders made some major splashes in April monthly calls for both the oil services giant Schlumberger $SLB and the British integrated oil and gas name Shell Plc $SHEL.
by David
From the desk of Steve Strazza @Sstrazza
Yesterday, we discussed one of our favorite stocks from the hot list right now and today, we have another new idea.
Before we get there though, let’s reiterate yesterday’s trade.
by David
Durable Capital Partners continues to be active, now with an $8.5 million purchase of software company Clearwater Analytics Holdings $CWAN.
In recent weeks, the investment firm has also made filings for purchases in Duolingo $DUOL and Warby Parker $WRBY.
by David
Executives and corporate insiders have been busy to start the week as we have another long list of Form 4 filings today.
Among them is another large purchase by Nelson Peltz’s Trian Fund in the British asset management firm Janus Henderson Group $JHG.
by David
This is the video recording of our March 16, 2022, Inside Scoop Weekly Strategy Session.
by David
Abdiel Capital filed a Form 4 yesterday revealing a purchase of an additional 105,500 shares in the software company Appian Corp $APPN.
The firm also made a large purchase in February in the amount of roughly $6.5 million. It now owns nearly 6 million shares of APPN, representing an ownership stake of approximately 14%.
Another software stock, Shift4 Payments $FOUR, had insider activity reported, as the chairman of the board and CEO, Jared Isaacman, filed a Form 4 revealing a purchase worth approximately $1.7 million.
Isaacman now owns 334,742 shares of FOUR.