Weekly Top Insider Buys Highlight for the Week of May 12

The largest Insider Buys were for Wells Fargo & Co., Qualcomm Inc. (QCOM), Ecolab Inc. (ECL) and Exelon Corp (EXC)

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May 13, 2017
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The largest Insider Buys this week were for Wells Fargo & Co. (WFC, Financial), Qualcomm Inc. (QCOM, Financial), Ecolab Inc. (ECL, Financial) and Exelon Corp. (EXC, Financial).

Wells Fargo & Co. (WFC, Financial): Director Ronald Sargent bought 9,050 shares

Director Ronald Sargent bought 9,050 shares of Wells Fargo & Co. stock on May 5, 2017, at the average price of $55.15. The price of the stock has decreased by 3.86% since.

Wells Fargo & Co. is an American international banking and financial services holding company. The bank is the world’s second largest bank by market capitalization and the third largest bank in the U.S. by assets. The company is the second largest bank in deposits, home mortgage servicing, and debit cards. The company has a market cap of $264.96 billion, and as of May 12 it traded at $53.02.

On April 21 Wells Fargo & Co. announced that the company invested nearly $67 billion in lending capital and grants during 2016 toward achieving its 2020 corporate social responsibility goals that were set in early 2016. The investments aim to create solutions to address global challenges and strengthen communities through creating economic opportunities in underserved communities.

Qualcomm Inc. (QCOM, Financial): Director Ann M. Livermore bought 9,000 shares

Director Ann M. Livermore bought 9,000 shares of QCOM stock on May 11, 2017, at the average price of $54.59. The price of the stock has increased by 1.34% since.

Qualcomm Inc. is an American international semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. Most of the company’s revenue comes from chipmaking and patent licensing businesses. The company has a market cap of $81.73 billion, and as of May 12 it traded at $55.32.

On May 8, Qualcomm Inc announced its two new mobile platforms, the Qualcomm Snapdragon 660 and 630, both designed to support a leap in performance enabling advanced photography in addition to long battery life and fast LTE speeds. The Snapdragon 660 and 630 mobile platforms share the same modem and camera architecture, and are pin and software compatible, making it simpler and easier for original equipment manufacturers to build, test and calibrate their devices.

Ecolab Inc. (ECL, Financial): Director Carl M. Casale bought 5,000 shares

Director Carl M. Casale bought 5,000 shares of Ecolab Inc. stock on May 5, 2017, at the average price of $126.33. The price of the stock has increased by 0.14% since.

Ecolab Inc is an American global provider of water, hygiene, energy, food and healthcare technologies. The company’s food safety services provide consulting to restaurants, hospitals, food retailers, and food and beverage manufacturing facilities. The company has a market cap of $36.69 billion, and as of May 12 it traded at $126.51.

On May 4, the board of directors of Ecolab Inc declared a regular quarterly cash dividend of $0.37 per common share, to be paid July 17 to shareholders of record at the close of business on June 20, 2017.

Exelon Corp. (EXC, Financial): Director John W. Jr Rogers Bought 3,000 Shares

Director John W Jr Rogers bought 3,000 shares of Exelon Corp. stock on May 11, 2017, at the average price of $33.57. The price of the stock has increased by 1.67% since.

Exelon Corp. is an American Fortune 100 energy company and the largest electric holding company in the U.S. by revenue, and the largest regulated utility in the U.S. with approximately 10 million customers. It is also the largest operator of nuclear power plants in the U.S. The company has a market cap of $31.61 billion, and as of May 12 it traded at $34.13.

On May 3, Exelon Corp. announced its first quarter 2017 financial results. The company reported a net income of $995 million, compared to $173 million during the first quarter 2016. The company also had a diluted earnings per share of $1.07 compared to $0.19 during the first quarter 2016.

For the complete list of stocks that was bought by their company executives, go to: Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.