Is Buffett Buying This Stock Today? - InvestingChannel

Is Buffett Buying This Stock Today?

Nice day yesterday buttoning up my bearish positions on Facebook, and today I’ve got my eyes on a “Buffett buy stock” which UBS financial professionals do as well.

It’s trading in what’s known as a ‘Buffett buy zone’ due to its current discounted price-per-share.

And yesterday this stock received a $157k bullish cash infusion.

The chart looks a little something like this…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
MVIS Microvision, Inc. Scientific & Technical Instruments 21.21% 13,345,284
EROS Eros International plc Entertainment -27.93% 3,195,175
SHIP Seanergy Maritime Holdings Corp. Marine Shipping 17.65% 132,631,017
INO Inovio Pharmaceuticals Inc Biotechnology 60.37% 39,076,901
XSPA XpresSpa Group Inc Personal Services -38.69% 19,544,235
GNPX Genprex Inc Biotechnology -3.51% 1,962,264
GE General Electric Company Specialty Industrial Machinery -19.44% 114,345,002
VXRT Vaxart Inc Biotechnology 67.41% 17,042,903
ZOM Zomedica Pharmaceuticals Corp Drug Manufacturers – Specialty & Generic 29.17% 57,263,296
IDEX Ideanomics Inc Software – Application 73.97% 49,914,683
CBL CBL & Associates Properties, Inc. REIT – Retail 10.34% 18,734,665
GNC GNC Holdings Inc Pharmaceutical Retailers -11.29% 10,743,091
SHLL Tortoise Acquisition Corp Class A Conglomerates 59.06% 3,504,495
EKSO Ekso Bionics Holdings Inc Medical Instruments & Supplies 43.56% 5,644,055
NOVN Novan Inc Biotechnology -2.13% 22,361,300
SINT SINTX Technologies Inc Medical Devices 64.22% 12,376,478
SRNE Sorrento Therapeutics Inc Biotechnology 34.24% 59,054,842
IZEA IZEA Worldwide Inc Internet Content & Information 43.64% 20,737,814
ETHE Grayscale Ethereum Trust (ETH) Commodity contracts brokers and dealers -175.38% 62,196
BIOX Bioceres Crop Solutions Corp Agricultural Inputs 10.71% 31,137

Airline stocks have been a focal point of many media outlets, investors, traders and shareholders in 2020, including American Airlines (NYSE: AAL).

In fact, even legendary investor Warren Buffet sold out of all of his shares of airline stocks.

But that doesn’t mean he may not consider re-buying airline stocks in the future… As you may know, Buffett likes to buy stocks as discounts. Given AAL’s beatdown in price-per-share since March of 2020, one could say it is trading at a discount.

I’ve even heard fellow traders referring to AAL’s price-per-share as “trading in a Buffet buy zone.”

As the world progresses in re-openings despite a spike in COVID-19 cases, we still don’t know if borders will open and travel will resume to business as usual in 2020, but it would appear companies such as airlines are in a brighter spot than they were a few weeks ago.

And here’s what really starts to get my attention…

Over the last week I’ve witnessed bulls buying into bullish positions on AAL, including an option player buying $157k worth of AAL July 2 14 Calls just yesterday.

Is something bullish brewing with AAL? If it is, I certainly want a piece of it! And courtesy of exposing Wall Street’s trading, now I know exactly where to go if I want to make a move during today’s trading session.

AAL Daily Chart

You’ll notice in the chart above that AAL has short-term support at its 50-day simple moving average line shown in red.

If markets go red-to-green and AAL does as well, I may be interested in buying those exact same call options for a fast-moving trade.

And of course, I’ll be monitoring exactly into where financial professionals are putting money, how much they’re spending, and what their sentiment is through today’s trading session.

I’ll summarize their activity up into a short and sweet watchlist and send it your way this afternoon, so keep an eye on your inbox for an email from me.

Yours for TrackStar trading,

Davis Martin
America’s #1 Options Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

Related posts

Peers Reducing Beta in Uncertain Times


Can this Stock Ease Your Stress?


Advisors Looking East and Going for Gold


Market Showing Some Crox


Tech Earnings, Elections and Covid Oh My!


Commodities at the Forefront as Elections Loom