One of the best ways to spot potential opportunity is by tracking insider buying, volume spikes, hidden institutional trading and even Congressional buy activity.
Hidden Institutional Trading
Earlier this week, we noted, “We can see that an institution picked up $1.17 million worth of October 4, 2024 107 call options. That tells us that prior to its October 4 expiration date, the firm believes shares of NVDA will rally above $107 a share.”
At the time, NVDA traded at about $108. Today, NVDA is up to $119.07.
Even now, Nvidia is still seeing a significant amount of institutional trading, with firms buying millions of dollars’ worth of calls going out to January 16, 2026.
Insider Buying: Appian Corp. (SYM:APPN)
A group of funds just increased their stake in Appian Corp. (SYM:AAPN).
Between September 5 and 9, the group bought another $2.8 million worth of stock at an average price of $29.98 to $31.31 a share.
Currently consolidating at around $31.54, if the stock can break above $33 resistance, it could potentially refill its bearish gap at around $37 a share. Helping, the company just said three of its partners were just awarded a multiple-award contract for the company’s products through the Department of Defense Enterprise Software Initiative.
In addition, as noted by Seeking Alpha, “The agreement, valued at an estimated $145,902,412 will provide the U.S. Navy with Appian’s commercial off-the-shelf software, hardware, and maintenance support.”
Volume Spike: Petco Health and Wellness (SYM:WOOF)
WOOF volume is up to 9.5 million, as compared to its daily average volume of 4.77 million.
All thanks to optimism from CEO Joel Anderson.
“There are three things about Petco that excite me. No. 1 — our integrated store and digital footprint, which if positioned effectively can create an incredible customer experience brought to life across multiple channels. No. 2 — delivering a differentiated offering that can bring and make Petco a destination for pets and pet parents. No. 3 — our breadth of services offered including our vet platform. This is our biggest competitive distinction from online only and mass players and has the potential to power our business as a significant long-term growth driver,” as quoted by Pet Food Processing.