The Top 5 Trading Ideas Of The Week By Traffic
Among the trading ideas this week that were most popular among readers, there were five that stood out:
1. Shares of Rite Aid Corp (NYSE: RAD) climbed $0.40 (5 percent) to $8.28 in Wednesday's session. The previous couple of days had witnessed a large amount of call buying in the issue. A possible reason for the spike could be that market-makers were "hedging their bets by purchasing the shares in the open market to offset their negative position in the issue," said Joel Elconin, the co-host of Benzinga's #PreMarket Prep.
2. Facebook Inc (NYSE: FB) shares spiked $1.67 (92 percent) to $82.58 in Thursday's session. This new all-time high may have been driven by the positive comments from JP Morgan and Nomura about the company's new Payment feature.
4. The day it was announced that Kinder Morgan Inc (NYSE: KMI) would join the S&P 100 by late March, Chairman Richard Kinder bought $3.95 million worth of shares - 100,000 shares at $39.50 per share. This took Kinder's stake to more than 233.8 million shares.
5. GW Pharmaceuticals Plc (NASDAQ: GWPH) shares jumped $2.20 (2.5 percent) to $97.86 in Monday's session. This followed an impressive rally last Friday, with the share price climbing from $84.58 to $95.66.
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