According to GuruFocus data, the largest Insider Buys this week were for Oracle Corp. (ORCL, Financial), Salesforce.com Inc. (CRM, Financial), AbbVie Inc. (ABBV, Financial) and FedEx Corp. (FDX, Financial).
Oracle Corp. Director Charles W. Moorman bought 20,000 shares
Director Charles W. Moorman bought 20,000 shares of Oracle Corp. (ORCL, Financial) stock on March 26 at the average price of $48.59. The price of the stock has increased by 5.64% since.
Oracle Corp. is an American international computer technology company that sells database software, enterprise software products and cloud engineered systems. In 2019, the company was the second-largest software company by revenue and market capitalization.
The company has a market capitalization of $161.87 billion, and as of March 27 it traded at $51.33 per share.
On March 17, Oracle Corp. announced the general availability of Java 14, which continues the company’s commitment to deliver new enhancements to enterprises with a new feature release every six months. The latest development kit includes new features such as Pattern Matching for instanceof and Records, in addition to a second preview of Text Blocks.
Salesforce.com Inc. Director Susan Wojcicki bought 1,100 shares
Director Susan Wojcicki bought 1,100 shares of Salesforce.com Inc. (CRM, Financial)stock on March 24 at the average price of $150.42. The price of the stock has decreased by 0.65% 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.
The company has a market capitalization of $133.75 billion, and as of March 27 it traded at $149.44 per share.
On Feb. 25, Salesforce.com Inc. announced that Keith Block has stepped down as co-CEO of the company, and Marc Benioff is now Chair and CEO of the company. Block is remaining with the company as advisor to the CEO. The company also announced that it has named Gavin Patterson, former BT Group PLC chief Executive, the President and CEO of Salesforce International.
AbbVie Inc. VP, Controller Brian L. Durkin bought 3,750 shares
VP, Controller Brian L. Durkin bought 3,750 shares of AbbVie Inc. (ABBV, Financial) stock on March 20 at the average price of $68.20. The price of the stock has increased by 9.53% since.
AbbVie Inc. is an American international pharmaceutical company that focuses on discovering, developing and marketing both biopharmaceuticals and small molecule drugs. The company was created in 2013 as a spin-off of Abbott Laboratories.
The company has a market capitalization of $110.31 billion, and as of March 27 it traded at $74.70 per share.
On March 3, AbbVie Inc. announced that the European Commission has approved the divestiture of brazikumab, an investigational IL-23 inhibitor in development for autoimmune diseases, to AstraZeneca (AZN). The European Commission’s approval of AbbVie’s acquisition of Allergan (AGN) in January of 2020 was conditional upon the divestiture of the drug to a suitable purchaser. The transaction will remain subject to additional customary closing conditions, but the final approval clears the pathway in Europe to close the transaction.
FedEx Corp Director John A. Edwardson bought 5,000 shares
Director John A. Edwardson bought 5,000 shares of FedEx Corp. (FDX, Financial) stock on March 20 at the average price of $112.04. The price of the stock has increased by 10.4% since.
FedEx Corp. is an American international courier delivery services company that is known for its overnight shipping service and its pioneering package tracking system, which has now been implemented by most other courier services.
The company has a market capitalization of $32.31 billion, and as of March 27 it traded at $123.69 per share.
On March 17, FedEx Corp. reported financial results for the third quarter ended Feb. 29. GAAP revenue for the quarter was $17.5 billion, compared to GAAP revenue of $17 billion during the same quarter prior year. Operating income for the quarter was $411 million, compared to an operating income of $911 million during the same quarter prior year. Net income for the quarter was $315 million, compared to $739 million during the same quarter prior year.
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.
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