Weekly CEO Buys Highlights

Insiders invest in Twitter, Coty, AMC, Foundation Building Materials and Dell

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Feb 20, 2017
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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:

Twitter CEO bought 425,998 shares

Twitter Inc. (TWTR, Financial) CEO Jack Dorsey bought 425,998 shares for $16.43 per share on Feb. 14. The stock price has increased by 1.16% since.

Twitter is a platform for public self-expression and conversation in real time. It provides a way for people to stay informed about their interests, discover what is happening in their world and interact directly. The company has a market cap of $11.79 billion. Its shares traded at $16.62 with a price-earnings (P/E) ratio of -19.26Â as of Feb. 17.

Fourth quarter revenue was $717 million, an increase of 1% year over year. Quarterly net loss was $167 million.

Director David S. Rosenblatt sold 50,000 shares for $16.68 per share on Feb. 15. The stock price has decreased by 0.36% since.

Chief Accounting Officer Robert Kaiden sold 4,699 shares for $17.65 per share on Feb. 1 and sold 7,802 shares for $17.67 per share on Feb. 6. The stock price has decreased by 5.94% since.

Coty CEO bought 72,350 shares

Coty Inc. (COTY, Financial) CEO Camillo Pane bought 72,350 shares for $19.54 per share on Feb. 16. The stock price has decreased by 3.33% since.

Coty is a pure play beauty company with a portfolio of brands that compete in the three segments in which it operates: Fragrances, Color Cosmetics and Skin and Body Care. The company has a market cap of $14.11 billion. Its shares traded at $18.89 with a P/E ratio of -755.60Â as of Feb. 17.

Net revenues for the second quarter of 2017 were $2.2967 billion, an increase of 90% compared to Legacy-Coty net revenues in the prior-year period.

JAB Cosmetics B.V., 10% owner, bought 4.09 million shares for $18.56 per share on Feb. 14. The stock price has increased by 1.78% since.

Chief Legal Officer Greerson Greene McMullen bought 40,500 shares for $18.5 per share on Feb. 10. The stock price has increased by 2.11% since.

AMC Entertainment Holdings CEO bought 31,747 shares

AMC Entertainment Holdings Inc. (AMC, Financial) CEO and President Adam M. Aron bought 31,747 shares for $31.50 per share on Feb. 13. The stock price has decreased by 0.95% since.

AMC is engaged in theatrical exhibition. It is principally involved in the theatrical exhibition business and owns, operates or has interests in theaters located in the U.S. The company has a market cap of $4.04 billion. Its shares traded at $31.20 with a P/E ratio of 24.63Â as of Feb. 17.

Total revenues for the third quarter of 2016 increased 13.2% to $779.8 million compared to total revenues of $688.8 million for the three months ended Sept. 30, 2015.

Foundation Building Materials CEO bought 65,330 shares

Foundation Building Materials Inc. (FBM, Financial) President and CEO Ruben Mendoza bought 65,330 shares for $14.00 per share on Feb. 15. The stock price has increased by 10.86% since.

Foundation Building Materials is a specialty distributor of wallboard and suspended ceiling systems throughout the U.S. and Canada.

Foundation Building Materials announced the pricing of its initial public offering of 12.8 million shares of its common stock on Feb. 10. Each share traded at a price of $14.00. The offering closed on Feb. 15.

Chief Financial Officer John Gorey bought 12,000 shares for $14 per share on Feb. 15. The stock price has increased by 10.86% since.

Five other officers bought shares for $14 per share on Feb. 15 – Vice President Business Development James R. Carpenter bought 7,500 shares; Senior Vice President Sales and Marketing Alan Kirby Thompson also bought 7,500 shares; Vice President, Secretary and General Counsel Richard James Tilley bought 3,600 shares; Chief Operating Officer Peter Welly bought 5,500 shares, and Senior Vice President Mechanical Insulation Lonnie Ray Sears bought 10,000 shares.

Dell Technologies CEO bought 24,807 shares

Dell Technologies Inc. (DVMT, Financial) CEO Michael S. Dell bought 24,807 shares for $28.84 per share on Feb. 13. The stock price has increased by 124.00%.

Dell designs, develops, manufactures, markets, sells and supports many products and services through its four product and services business units: Client Solutions, Enterprise Solutions Group, Dell Software Group and Dell Services.

Revenue for the second quarter of 2017 was $13.1 billion, up 1% from the previous year. Operating income for the quarter was $63 million.

For the complete list of stocks 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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