The Rich Are Hoarding Cash By Trading Medtronic plc (MDT) and PBF Energy Inc. (PBF)

On Dec 24, Kuntz Richard, SVP & Chief Medical & Science exercised an option 42,770 shares of Medtronic plc (NYSE: MDT), with the average selling price of the stock being $54.55 per share. The total amount realized from this exercised an option $2,333,054. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, SVP & Chief Medical & Science – Kuntz Richard sold an extra 50,856 shares of this stock in a transaction that took place a day before, on Dec 24, with a share sold at an average of $113.58 and a total of $5,776,101 was realized from this transaction. After the transaction, the SVP & Chief Medical & Science – Kuntz Richard was left with 71,013 shares of the company’s stock, which is currently worth around $8065656.54.

The recent price movement of MDT means that it is now down by -1.37% from its 52-week high and 41.75% up against its 52-week low prices. Over the past one week, the price volatility of MDT stands at 1.25% while the volatility over the past one month is 1.21%. The beta score for this stock is 0.61. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/19/2019 published its latest quarterly earnings, with the report showing that the company recorded 1.29 earnings per share (EPS) during that period. This report was above the expectations of analysts of 1.24 by 0.05. The revenue by the firm was 7.81B for the quarter.

The shares of Medtronic plc (MDT) gained by 0.25%, leading to a gain of $0.29 per share, and saw MDT end the trading session at $117.33 on Wednesday 01/15/20. MDT started the trading session at $117.17, before reaching a daily high of $118.41. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $116.955.

The trading volume on Wednesday stood at 3431433, which was below the stock’s 3-month average volume of 4.04 million shares, out of a total 1.34B shares. As the price of the stock climbed, the market valuation of the company gained to 157.32 billion.

The shares of PBF Energy Inc. (NYSE: PBF) went down by -4.82% by the end of the recent trading session. This movement saw its price plunge to close at $31.61, which was lower than the previous closing price of $33.21. Over the past one week, the price of PBF has jumped by 1.31%, while it has recorded a gain of 5.86% over the past one month. Its three-month performance saw PBF gain 10.91% while its six-month performance saw it surge by 15.45%. The situation is different though over the past one year, as the stock price went down by -9.06%, while its year-to-date (YTD) price performance jumped by 0.77%. The stock price has gone up by +13.05% compared to its 90-day low, while it is down -9.45% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 1,249,385 shares, with the short-term indicators averagely rating the stock as a Hold. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,451,278 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see PBF stock with a 100-Day average volume of 1,730,027 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves PBF with an average rating of 56% Buy.

Several brokerage firms sent out their reports PBF stock not long ago. In its report sent out on January 14, 2020, Barclays lowered its ratings on PBF to a Overweight. In an earlier report on January 07, 2020, BofA/Merrill Upgrade the stock from a Neutral to a Buy. Cowen meanwhile in its report on October 21, 2019 Upgrade its rating of the stock from a “Outperform” to “Outperform”.

In related news to the company’s stock, around 82.10% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 342 institutions currently hold the PBF stock. In the last quarter, a 97,428,432 PBF shares were in the possession of institutions. On the other hand, the company recorded 50 new institutions who bought it their stock, while 52 institutions sold their entire PBF reserve. Of the current institutions investing in the stock, 138 increased their investment while 170 decreased their investment in the stock.