Weekly CEO Buys Highlight

Details the CEO buys this past week for the following companies: Medtronic PLC, OPKO Health, Hartford Financial Services and MyoKardia

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Jan 13, 2019
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Medtronic PLC CEO bought 12,000 shares

Medtronic PLC (MDT, Financial) Chairman and CEO Omar Ishrak bought 12,000 shares on Jan. 9 at a price of $84.05. The price of the stock has increased by 0.94% since.

Medtronic is a medical technology company. It primarily manufactures and sell device-based medical therapies. It operates in Cardiac and Vascular, Minimally Invasive Therapies, Restorative Therapies and Diabetes segments. The company has a market cap of $113.94 billion. Its shares traded at $84.84 with a price-earnings ratio of 53.22 as of Jan. 11.

Second quarter net income for fiscal 2019 was $1.115 billion compared to $2.017 billion for the second quarter of fiscal 2018.

Executive Vice President and Chief Financial Officer Karen L. Parkhill bought 3,000 shares on Jan. 9 at a price of $83.87. The price of the stock has increased by 1.16% since.

OPKO Health CEO bought 190,000 shares

OPKO Health Inc. (OPK, Financial) CEO, Chairman, and 10% Owner Phillip Frost bought 190,000 shares during the past week at the average price of $3.48.

OPKO Health is a diversified health care company that seeks to establish industry-leading positions in large, rapidly growing markets. The company has a market cap of $2.14 billion. Its shares traded at $3.83 as of Jan. 11.

Net loss for the three months ended Sept. 30 was $27.7 million compared to net loss of $35.9 million for the comparable 2017 period.

Frost bought 30,000 shares on Jan. 4 at a price of $3.43; 55,000 shares on Jan. 7 at a price of $3.56; 35,000 shares on Jan. 8 at a price of $3.61; 10,000 shares on Jan. 9 at a price of $3.65; and 10,000 shares on Jan. 10 at a price of $3.69. The price of the stock has increased by 3.79% since.

Hartford Financial Services CEO bought 11,423 shares

The Hartford Financial Services Group Inc. (HIG, Financial) Chairman and CEO Christopher Swift bought 11,423 shares on Jan. 10 at a price of $43.73. The price of the stock has increased by 1.67% since.

Hartford Financial Services provides insurance and financial services to individual and business customers in the United States. The company has a market cap of $15.95 billion. Its shares traded at $44.46 as of Jan. 11.

Net income for the third quarter of 2018 was $432 million compared to $234 million for the prior-year period.

MyoKardia CEO bought 2,500 shares

MyoKardia Inc. (MYOK, Financial) President and CEO Anastasios Gianakakos bought 2,500 shares on Jan. 4 at a price of $39.86. The price of the stock has increased by 18.34% since.

MyoKardia is a clinical stage biopharmaceutical company which is engaged in discovering, developing and commercializing targeted therapies for the treatment of serious and neglected rare cardiovascular diseases. The company has a market cap of $1.9 billion. Its shares traded at $47.17 with a price-earnings ratio of as of Jan. 11.

Net loss for the third quarter of 2018 was $15.8 million compared to a net loss of $16.7 million for the comparable period of 2017.

Gianakakos sold 2,770 shares on Jan. 7 at a price of $44.11. The price of the stock has increased by 6.94% 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.