The largest insider buys this week were in Nike Inc. (NKE, Financial), Union Pacific Corp. (UNP, Financial), Baxter International Inc. (BAX, Financial) and General Motors Co. (GM, Financial).
Nike director bought 2,500 shares
Director John W. Rogers Jr. bought 2,500 shares on March 26 for an average price of $84.22. The share price has fallen 6.36% since then.
Nike is a sports equipment and apparel company that focuses on the design, development, manufacturing and marketing of footwear, equipment and other athletic apparel. The company is the world’s largest supplier of athletic shoes and a major manufacturer of sports equipment. The company is a component of both the Dow Jones Industrial Average and the S&P 100. The company has a market capitalization of $122.81 billion; as of April 3, it traded at $78.86.
On March 24, Nike reported financial results for the third quarter of 2020, which ended Feb. 29. Revenue for the quarter increased 5% on a reported basis to $10.1 billion. Diluted earnings per share for the quarter were 53 cents. Inventory increased 7% to $5.8 billion, while closeout inventory units declined compared to the closeout inventory during the prior-year quarter.
Union Pacific director bought 15,000 shares
Director William J. Delaney III bought 15,000 shares on March 31 for an average price of $138.2. The stock has risen 0.27% since then.
Union Pacific is an American railroad holding company. It is the parent company of the current form of the Union Pacific railroad and is a member of the DJIA as well as a component of the S&P 100. The company mainly serves the Western and Mid-Western regions of the U.S. The company has a market capitalization of $95.65 billion; as of April 3, it traded at $138.57.
On March 10, Union Pacific announced the company’s intention to set science-based targets to determine how much and how quickly the company can reduce greenhouse gas emissions to support climate change goals. A commitment letter was submitted to the Science Based Targets Initiative, which independently assesses corporate emissions reduction targets.
Baxter International sevior vice president and general counsel bought 9,780 shares
Senior Vice President and General Counsel Sean Martin bought 9,780 shares on March 30 for an average price of $82.19. Since then, the shares have fallen 0.94%.
Baxter International is an American medical equipment company that focuses on developing products to treat hemophilia, kidney disease, immune disorders and other chronic and acute medical conditions. It is part of the Fortune 500 and is a component of the S&P 500. The company has a market capitalization of $41.3 billion; as of April 3, it traded at $81.42.
On March 3, Baxter International reported financial results for fourth-quarter and fiscal 2019. Sales for the quarter increased 7% on a reported basis to $3.0 billion. The GAAP loss per share was 5 cents. Sales for the full year were $11.4 billion, representing a 2% increase on a reported basis. GAAP earnings per share for the full year were $1.93.
General Motors executive vice president bought 22,400 shares
Executive Vice President Matthew Tsien bought 22,400 shares on March 25 for an average price of $22.97 per share. The share price has tumbled 21.46% since then.
General Motors is an American manufacturer and distributor of vehicles and vehicle parts. The company manufactures cars and trucks in 35 countries, with brands including Buick, Cadillac, Chevrolet, GMC, Holden and Wuling. It has a market capitalization of $25.78 billion; as of April 3, it traded at $18.04.
On April 2, General Motors announced it has entered an agreement with Honda to jointly develop two new electric vehicles for Honda, based on General Motor’s EV platform powered by proprietary Ultium batteries. The exteriors and interiors of the new EVs will be exclusively designed by Honda and the platform will be engineered to support Honda. Sales are expected to begin in the 2024 model 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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