The largest insider buys this week were for Intel Corp. (INTC, Financial), Salesforce.com Inc. (CRM, Financial), Occidental Petroleum Corp. (OXY, Financial) and Kimco Realty Corp. (KIM, Financial).
Intel Corp (INTC, Financial): CFO Robert Holmes Swan bought 13,888 shares
CFO Robert Holmes Swan bought 13,888 shares of Intel stock on June 5 at the average price of $36.31. The price of the stock has decreased by 1.65% since.
Intel Corp. is an American international technology corporation that is the world’s largest and highest valued semiconductor chip maker based on revenue. The company is also the inventor of the x86 series of microprocessors, the type of microprocessors found in most personal computers. The company has a market cap of $168.16 billion, and as of June 9 it traded at $35.71.
On May 30 Intel Corp announced that it has promoted three corporate officers, Navin Shenoy, Gregory Bryant and Sandra Rivera. Shenoy was promoted from senior vice president to executive vice president, while both Rivera and Bryant were promoted from corporate vice president to senior vice president.
Salesforce.com Inc. (CRM, Financial): Director Susan Wojcicki bought 1,100 shares
Director Susan Wojcicki bought 1,100 shares of CRM stock on June 5 at the average price of $90.89. The price of the stock has decreased by 3.98% since.
Salesforce.com Inc. is an American cloud computing company. Although most of its revenue comes from a customer relationship management product, the company also capitalizes on commercial applications of social networking through acquisition. It has an estimated market capitalization of above $65 billion. The company has a market cap of $62.15 billion, and as of June 9 it traded at $87.27.
On May 18 Salesforce.com Inc. announced results for its fiscal first quarter ended April 13, 2017. The company reported a revenue of $2.39 billion during the first quarter, an increase of 25% year over year, and 25% in constant currency. Furthermore, first-quarter diluted earnings per share were 28 cents.
Occidental Petroleum Corp. (OXY, Financial): SVP and CFO Cedric W. Burgher bought 1,700 shares
SVP and CFO Cedric W. Burgher bought 1,700 shares of OXY stock on June 7 at the average price of $59.85. The price of the stock has increased by 1.94% since.
Occidental Petroleum Corp. is an American international oil and gas exploration and production company. It has operations in the United States, the Middle East and Latin America. In 2015, it was the 16th largest gas producer and third largest oil producer in Texas. The company has a market cap of $46.65 billion, and as of June 9 it traded at $61.01.
On May 11 Occidental Petroleum Corp announced that its Board of Directors has declared a regular quarterly dividend of 76 cents per share on its common stock payable on July 14 to stockholders of record at close of business on June 9. The company has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.04 per share.
Kimco Realty Corp. (KIM, Financial): Director Philip E. Coviello Jr. bought 20,000 shares
Director Philip E. Coviello Jr. bought 20,000 shares of KIM stock on June 5 at the average price of $17.37. The price of the stock has increased by 6.79% since.
Kimco Realty Corp. is an American real estate investment trust and North America’s largest publicly traded owner and operator of open-air shopping centers. As of 2016, the company owns interests in 524 shopping centers in the U.S., comprising of 85 million square feet across 35 states and Puerto Rico. The company has a market cap of $7.9 billion, and as of June 9 it traded at $18.55.
On April 6, Kimco Realty Corp. announced its transaction activity for the first quarter of 2017. The company had two acquisitions of operating properties for the first quarter, totaling $43.1 million and a 90% ownership interest in a new mixed-use development project for $10 million. The two operating properties were Plaza Del Prado and Columbia Crossing, while the mixed-use development project was Lincoln Square located in Philadelphia.
