According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
Akamai Technologies CEO bought 18,276 shares
Akamai Technologies Inc. (AKAM, Financial) CEO F. Thomson Leighton bought 18,276 shares for $54.70 per share on Oct. 17. The stock price has increased by 5.43% since.
Akamai provides cloud services for delivering, optimizing and securing online content and business applications. It has a market cap of $10.08 billion. Its shares traded at $57.67 per share as of Oct. 21Â with a price-earnings (P/E) ratio of 31.65.
GAAP net income was $74 million, a 10% increase from the second quarter of 2015. Non-GAAP net income was $112 million, a 10% increase from second quarter 2015.
Executive Vice President and General Counsel Melanie Haratunian sold 12,129 shares for $56 per share on Oct. 5 and sold 2,575 shares for $56 per share on Oct. 18. The stock price has increased by 2.98% since.
Ryman Hospitality Properties CEO bought 8,040 shares
Ryman Hospitality Properties Inc. (RHP, Financial) Chairman and CEO Colin V. Reed bought 8,040 shares for $49.75 per share on Oct. 14. The stock price has decreased by 0.92% since.
Ryman operates as a real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets. The company has a market cap of $2.49 billion. Its shares traded at $49.29 per share as of Oct. 21Â with a P/E ratio of 17.74.
Total revenue for the second quarter was $296.215 million compared to $274.036 million from the prior-year period.
OPKO Health CEO bought 24,600 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 24,600 shares in the past week for $9.29 per share. The stock price has increased by 1.08%.
OPKO is a biopharmaceutical and diagnostics company. It is engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $5.23 billion. Its shares traded at $9.39 per share as of Oct. 21Â with a P/E ratio of 39.29.
Net income was $15.5 million for the quarter ending June 30, compared to net losses of $42.8 million for the comparable period of 2015. Consolidated revenue increased to $357.1 million from $42.4 million for the quarter ending June 30 compared to the 2015 period.
Frost bought 1,800 shares for $9.48 per share on Oct. 14; 3,600 shares for $9.34 per share on Oct. 17; 1,800 shares for $9.29 per share on Oct 18; and 14,700 shares for $9.26 per share on Oct. 19. Frost bought 2,700 shares for $9.26 per share on Oct. 20. The stock price has increased by 1.4% since.
Cree CEO bought 10,000 shares
Cree Inc. (CREE, Financial) Chairman, President and CEO Charles M. Swoboda bought 10,000 shares for $22.22 per share on Oct. 20. The stock price has decreased by 0.45%.
Cree manufactures lighting-class light emitting diode (LED) products, lighting products and bandgap semiconductor products for power and radio-frequency (RF) applications. The company has a market cap of $2.21 billion. Its shares traded at $22.12 per share on Oct. 21Â with a P/E ratio of 632.00.
Revenue from continuing operations was $321 million in the first quarter of 2017 compared to revenue from continuing operations of $381 million in the first quarter of fiscal 2016.
Director John B. Replogle bought 5,000 shares for $22.34 per share on Oct. 20. The stock price has decreased by 0.98% since.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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