The largest Insider Buys this week were for Abbott Laboratories (ABT, Financial), Morgan Stanley (MS, Financial), Crown Castle International Corp. (CCI, Financial), and Pinterest Inc. (PINS, Financial).
Abbott Laboratories (ABT, Financial): Senior Vice President Randel William Woodgrift bought 2,000 shares
Senior Vice President Randel William Woodgrift bought 2,000 shares of ABT stock on April 22 at the average price of $73.4. The price of the stock has increased by 6.68% since.
Abbott Laboratories is an American healthcare company that focuses on developing and marketing research-based drugs, medical devices, and nutritional products. The company’s in-vitro diagnostics business also performs immunoassays and blood screening. The company has a market capitalization of $137.53 billion, and as of April 26 it traded at $78.30.
On April 17 Abbott Laboratories reported financial results for the first quarter of 2019, ended March 31. Reported GAAP diluted earnings per share was $0.38 for the quarter, while worldwide sales increased 2% to $7.5 billion for the quarter. During the quarter, the company received U.S. FDA approval for an expanded indication for its MitraClip device to treat secondary mitral regurgitation resulting from advanced heart failure.
Morgan Stanley (MS, Financial): Head of Investment Management Daniel A. Simkowitz bought 7,000 shares
Head of Investment Management Daniel A. Simkowitz bought 7,000 shares of MS stock on April 18 at the average price of $47.57. The price of the stock has increased by 0.27% since.
Morgan Stanley is an American international investment bank and financial services company. The company has offices in more than 42 countries and employs more than 55,000 individuals. The company’s clients include corporations, governments, institutions, and individuals and is a component of the S&P 100. The company has a market capitalization of $80.45 billion, and as of April 26 it traded at $47.70.
On April 16 Morgan Stanley announced the Morgan Stanley Plastic Waste Resolution to develop and scale systemic solutions to tackle the growing issue of increasing amounts of plastic waste. The effort aims to prevent, reduce, and remove at least 50 million metric tons of plastic waste entering the rivers, oceans, landscapes, and landfills by 2030.
Crown Castle International Corp. (CCI, Financial): Director J. Landis Martin bought 18,350 shares
Director J. Landis Martin bought 18,350 shares of CCI stock on April 24 at the average price of $123.13. The price of the stock has increased by 0.42% since.
Crown Castle International Corp. is an American wireless communication services company. The company is the United States’ largest provider of shared communications infrastructure with more than 40,000 cell towers and approximately 60,000 route miles of fiber supporting small cells and fiber solutions. The company has a market capitalization of $51.41 billion, and as of April 26 it traded at $123.13.
On April 17 Crown Castle International Corp. reported financial results for the first quarter of 2019 ended March 31. Net income for the quarter was $210 million, an 84% increase compared to a net income of $114 million during the same quarter prior year. Adjusted EBITDA was $821 million, an 8% increase compared to the adjusted EBITDA of $763 million during the same quarter prior year.
Pinterest Inc. (PINS, Financial): Director Fredric G. Reynolds bought 40,000 shares
Director Fredric G. Reynolds bought 40,000 shares of PINS stock on April 23 at the average price of $27.04. The price of the stock has increased by 9.58% since.
Pinterest Inc. is an American international social media web and mobile application company. The company operates a software system that enables the sharing of images, GIFs, and videos on the internet. The company has a market capitalization of $15.69 billion, and as of April 26 it traded at $29.63.
On March 21 Pinterest Inc. announced that Jeremy King, former CTO of Walmart, is joining the company as Head of Engineering. Mr. King is experienced in e-commerce development and building and scaling consumer products. Mr. King was previous CTO and SVP at Walmart Labs, EVP at LiveOps and VP of Engineering at eBay.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
