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:
Tesla CEO bought 95,420 shares
Tesla Inc. (TSLA, Financial) CEO and 10% owner Elon Musk bought 95,420 shares for $262.00 per share on March 17. The stock price has increased by 0.44% since.
Tesla designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components. The company has a market cap of $42.87 billion. Its shares traded at $263.16 with a price-earnings (P/E) ratio of -56.23Â as of March 24.
Revenue for the fourth quarter of 2016 was $2.28 billion compared to $1.21 billion for the prior-year period.
Director Kimbal Musk sold 2,500 shares for $253.93 per share on March 1. The stock price has increased by 3.63% since.
Sears Holdings CEO bought 525,936 shares
Sears Holdings Corp. (SHLD, Financial) CEO and 10% owner Edward S. Lampert bought 525,936 shares for $7.93 per share on March 24. The stock price has increased by 7.19% since.
Sears, along with its subsidiaries, is an integrated retailer with full-line and specialty retail stores in the U.S., operating through Kmart and Sears. The company has a market cap of $910.35 million. Its shares traded at $8.50 with a P/E ratio of -0.41Â as of March 24.
Sears reported a net loss of $607 million for the fourth quarter of 2016.
Director and 10% Owner Fairholme Capital Management LLC bought 281,900 shares for $8.67 per share on March 14 and 222,100 shares for $8.79 per share on March 17. Fairholme also purchased 613,900 shares for $8.17 per share on March 22. The stock price has increased by 4.04% since.
PJT Partners CEO bought 16,500 shares
PJT Partners Inc. (PJT, Financial) Chairman and CEO Paul J. Taubman bought 16,500 shares for $36.55 per share on March 21. The stock price has decreased by 3.01% since.
PJT is an independent financial advisory firm. It provides strategic advisory, restructuring and reorganization and funds advisory services to corporations, financial sponsors, institutional investors and governments. The company has a market cap of $1.23 billion. Its shares traded at $35.45 with a P/E ratio of -213.55Â as of March 24.
Total revenues for the three months ended Dec. 31, 2016 were $173.5 million compared with $103.8 million for the three months ended Dec. 31, 2015.
Director James Costos bought 2,600 shares for $38.26 per share on March 17. The stock price has decreased by 7.34% since.
General Counsel James W. Cuminale bought 7,000 shares for $38.8 per share on March 24. The stock price has decreased by 8.63% since.
Ambac Financial Group CEO bought 20,000 shares
Ambac Financial Group Inc. (AMBC, Financial) CEO Claude Leblanc bought 20,000 shares for $19.55 per share on March 17. The stock price has decreased by 9.36% since.
Ambac is a financial services holding company and operates two reportable business segments: Financial Guarantee and Financial Services. It is a guarantor of public finance and structured finance obligations. The company has a market cap of $801.46 million. Its shares traded at $17.72 with a P/E ratio of 10.80Â as of March 24.
The fourth quarter of 2016 produced a net loss of $94.7 million compared to net income of $101.5 million for the third quarter of 2016.
OPKO Health CEO bought 38,000 shares
CEO, Chairman and 10% owner of OPKO Health Inc. (OPK) Phillip Frost bought 38,000 shares for $7.93 per share during the past week.
Frost bought 1,800 shares for $8.03 per share on March 15; 9,000 shares for $8.19 per share on March 17; 11,000 shares for $7.99 per share on March 20; and 5,800 shares on March 21 for $7.85 per share. Frost also purchased 12,200 shares for $7.71 per share on March 23. The stock price has increased by 1.82% since.
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 $4.38 billion. Its shares traded at $7.85 with a P/E ratio of -170.65Â as of March 24.
Consolidated revenues for the three months ended Dec. 31, 2016 of $275.5 million were consistent with the comparable period of 2015 revenue of $276.2 million. Net loss for the three months ended Dec. 31, 2016 was $13.7 million compared with net income of $1.6 million for the 2015 period.
Senior Vice President and CFO Adam Logal sold 112,975 shares on March 14 for $8.07 per share. The stock price has decreased by 2.73% 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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