Market-leading stock price performance and widespread buying by both billionaires and company insiders lead us into two new Forbes Billionaire Investor portfolio additions this month.
If we earn a $0.025 per share dividend at the end of this month, and if HPK closes above $15 at expiration, we’d be assigned and earn $1.425 per share on $13.60 per share at risk or 10.48%. Over 35 days, that would be an annualized return of 109.3%.
After slipping in August and September, stocks tend to move higher in October. These four stocks held by billionaire investors look ripe for a rebound.