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- Huge Cluster Trade on $FF - Is it a buy?
Huge Cluster Trade on $FF - Is it a buy?
$ADBE is up 15%, Arms Dealer Signs a Deal With a Football Club
GM. This is Boring Data, the only place where insider trading is okay. (Just kidding it’s not)
Here’s what we have today:
Table of Fame
6 insiders purchased $FF 10 days apart.
FutureFuel Corp is developing, manufacturing, and marketing biofuels and specialty chemicals.
They operate through two main segments:
Chemicals: Producing essential compounds used across various industries.
Biofuels: Developing sustainable fuel options from renewable sources.
Here’s the lowdown on FutureFuel’s insider trading action:
Ronald J. Kruszewski is on a buying spree, scooping up over 100,000 shares in three days at prices around $4.50-$4.60.
Charles W. Lyon, Terrance C. Z. Egger, Rose Sparks, and Thomas McKinley also bought shares recently, with the largest single purchase being 20,000 shares by McKinlay at $4.38.
Stock is the cheapest it’s been since 2009.
It’s all buys and no sells, indicating strong insider confidence.
This is the first time $FF has been purchased by insiders in over two years.
$FF currently sitting at 52-week lows.
Maybe rightly so, here are the average returns since inception.
But here are a few key details from it’s form 10Q filed in March.
Strong Cash Position: With $201.1 million in cash, the company has ample liquidity to cover short-term obligations and invest in growth opportunities.
Manageable Liabilities: Total liabilities are $160.6 million, which is manageable compared to their assets.
Solid Equity: Stockholders' equity is $204.8 million, indicating a healthy financial base and retained earnings.
$FF bounced off support it had created for itself in 2009, with earnings coming up on August 24, this could drive prices higher.
Not saying this is an investment, but DYOR.
$ADBE is up 15% 🚀
$ADBE was mentioned 178 times yesterday on wallstreet bets
Adobe double beat + raises FY guidance.
CEO: "...record revenue of $5.31B driven by strong growth across Creative Cloud, Document Cloud & Experience Cloud"
— Boring Data (@TheBoringData)
11:15 PM • Jun 14, 2024
Weapons Manufacturer Signs a Deal With a Football Club 🔫
This is crazy.
Borussia Dortmund signs an advertising deal with Rheinmetall $RNMBY
Few weeks ago, we covered that U.S Rep Susie Lee purchased shares in $RNMBY
Rheinmetall is AG is a German automotive and arms manufacturer, headquartered in Düsseldorf, Germany.
Susie Lee is… x.com/i/web/status/1…
— Boring Data (@TheBoringData)
11:54 PM • Jun 14, 2024
We’ll see you folks on Monday, have a great weekend.