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Joy Hu
Joy Hu
Articles (338) 

Weekly CEO Buys Highlight

Details CEO buys for the following companies: Anthem Inc., Discover Financial Services, OPKO Health and Hersha Hospitality Trust

February 03, 2020 | About:

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

Anthem Inc.

Anthem Inc. (NYSE:ANTM) President and CEO Gail Boudreaux bought 7,600 shares on Jan. 30 at a price of $263.70. The price of the stock has increased by 0.6% since.

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With over 40 million members, Anthem is one of the largest managed-care organizations in the United States. The firm provides individual, group and government-sponsored health insurance. The firm operates under the Blue Cross/Blue Shield brand in 14 states.

The company has a market cap of $67.27 billion. Its shares traded at $265.28 with a price-earnings ratio of 14.37 as of Jan. 31. Net income for the fourth quarter of 2019 was $934 million compared to $424 million for the prior-year period.

Discover Financial Services

Discover Financial Services (NYSE:DFS) CEO and President Roger C. Hochschild bought 15,000 shares on Jan. 27 at a price of $74.12. The price of the stock has increased by 1.36% since.

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Discover Financial Services engages in direct consumer banking services, taking deposits and offering credit card, student and other loans to its customers. The firm also operates the Discover, Pulse and Diners Club networks. The majority of transactions processed by the firm are of the closed-loop variety, in which Discover issues cards to customers as well as maintains direct relationships with merchants. However, the company has opened the network to third-party issuers and acquirers in recent years.

The company has a market cap of $23.29 billion. Its shares traded at $75.13 with a price-earnings ratio of $8.27 as of Jan. 31. Fourth quarter 2019 net income was $708 million compared to $687 for the fourth quarter of 2018.

Executive Vice President and Chief Financial Officer John Greene bought 3,377 shares on Jan. 27 at a price of $73.84. The price of the stock has increased by 1.75% since.

Executive Vice President and President: Consumer Banking Carlos Minetti bought 3,000 shares on Jan. 27 at a price of $73.74. The price of the stock has increased by 1.89% since.

Executive Vice President, Chief Legal Officer and General Counsel Wanjiku Juanita Walcott bought 3,400 shares on Jan. 27 at a price of $73.95. The price of the stock has increased by 1.6% since.

Executive Vice President and Chief Information Officer Glenn P. Schneider sold 15,000 shares on Jan. 27 at a price of $74.21. The price of the stock has increased by 1.24% since.

OPKO Health

OPKO Health Inc. (NASDAQ:OPK) CEO, Chairman and 10% Owner Phillip Frost bought 150,000 shares during the past week at the average price of $1.51.

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OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. It has a development and commercial supply pharmaceutical company, a global supply-chain operation and holding company and a specialty active pharmaceutical ingredients manufacturer in Israel.

The company has a market cap of $965.12 million. Its shares traded at $1.45 as of Jan. 31. Net loss for the third quarter of 2019 was $62.01 million compared to a net loss of $27.66 million in the prior-year quarter.

Frost bought 50,000 shares on Jan. 13 at a price of $1.44; 22,262 shares on Jan. 17 at a price of $1.56; 50,000 shares on Jan. 23 at a price of $1.63; 50,000 shares on Jan. 24 at a price of $1.58; and 100,000 shares on Jan. 30 at a price of $1.47. The price of the stock has decreased by 1.36% since.

Hersha Hospitality Trust

Hersha Hospitality Trust (NYSE:HT) CEO Jay H. Shah bought 3,846 shares on Jan. 27 at a price of $12.98. The price of the stock has decreased by 0.08% since.

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Hersha Hospitality Trust is a U.S. real estate investment trust that invests primarily in upscale, mid-scale and extended-stay hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida, Connecticut and select markets on the West Coast.

The company has a market cap of $500.78 million. Its shares traded at $12.97 as of Jan. 31. Net loss for the third quarter of 2019 was $5.4 million compared to a loss of $3.2 million in the third quarter of 2018.

Shah also bought 7,300 shares on Jan. 7 at a price of $13.51. The price of the stock has decreased by 4% since.

President and Chief Operating Officer Neil H. Shah bought 7,300 shares on Jan. 7 at a price of $13.51 and 3,846 shares on Jan. 27 at a price of $12.98. The price of the stock has decreased by 0.08% since.

For the complete list of stocks 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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