The Next Apple? – Mode’s Growth Story is Turning Heads 🍏
As expected, shares of Apple exploded higher with the recent launch of the new iPhone.
Here are some of the most active stocks seeing insider buying, volume spikes, hidden institutional trading or Congressional buy activity.
Hidden Institutional Trading: Apple (SYM: AAPL)
Apple (SYM: AAPL) is seeing a good deal of institutional interest, we said just yesterday.
“On Wednesday morning, institutions bought $580,000 worth of Apple October 18, 2024 220 calls, and about $1.24 million worth of those same calls as well. That makes Apple even more attractive after the stock’s recent pullback from about $225 to $214. Apple is also just starting to pivot higher, last trading at $219.74. From here, we’d like to see it retest $230 near term.”
By Thursday, Apple opened at $225.11 and hit a high of $229.55.
Even now, Apple appears to be a strong opportunity.
Insider Buying: Matador Resources (SYM: MTDR)
There’s been a significant amount of insider buying in Matador Resources (SYM: MTDR), an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. In September, 10 insiders bought a total of 11,500 shares for a total of $580,156.
Recent earnings weren’t too shabby. In its second quarter, its EPS of $2.05 beat by 30 cents. Revenue of $847.13 million, up 32.8% beat by $24.6 million.
Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador’s second quarter of 2024 was one of the most important quarters in the company’s history. Matador not only achieved record production results and substantial cost savings but also entered into an agreement to complete our largest acquisition to date – the acquisition of Ameredev for $1.905 billion (subject to customary closing adjustments), which is expected to close late in the third quarter of 2024. When added to our usual brick-by-brick acquisition efforts, the Ameredev acquisition is expected to increase Matador’s acreage position in the core of the northern Delaware Basin to 191,900 net acres.”
Volume Spike: Nio (SYM: NIO)
Electric vehicle stock, Nio is seeing volume of 49.2 million, as compared to its daily average volume of 45 million. Helping, the company just “began delivering its new ES8 electric SUV in Europe. The ES8, built on NIO’s advanced NT 2.0 platform, is the sixth NIO model available in the European market. Despite the risk of hefty tariffs against imported Chinese EVs, NIO continues to expand its presence in Europe, thanks to its competitive pricing and the company’s cooperation with the EU Commission,” as noted by Seeking Alpha.
Keep reading for more investment ideas: Why Over 21,997 Investors Are Flocking to This Opportunity 📊
While everyone else is chasing crypto booms, Mode Mobile is quietly building the next big thing in tech. With 32,481% growth, $60M+ revenue, and 45M+ users, Mode’s “EarnPhone” is turning heads. Don’t miss your chance to get in at $0.25 per share.
