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Joy Hu
Joy Hu
Articles (408) 

Weekly CEO Buys Highlight: Camping World, FibroGen

Details the CEO buys this past week for the following companies: FibroGen, Quidel, Camping World Holdings, B. Riley Financial and Ranpak Holdings

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

FibroGen

FibroGen Inc. (NASDAQ:FGEN) CEO Enrique A. Conterno bought 27,800 shares on June 11 at a price of $35.57. The price of the stock has increased by 7.28% since then.

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FibroGen is a biotechnology company focused on discovering, developing and commercializing novel therapeutics to treat serious unmet medical needs. The company generates the vast majority of its revenue in Europe, followed by Japan. Virtually all of FibroGen's revenue to date has been generated from its collaboration agreements. FibroGen seeks partners with research, development and marketing capabilities and other resources that strengthen the company's ability to advance product candidates.

The company has a market cap of $3.4 billion. Its shares traded at $38.16 as of June 12.

Net loss for the first quarter of 2020 was $78.3 million compared to net income of $45.4 million for the prior year period.

Quidel

Quidel Corp. (NASDAQ:QDEL) President and CEO Douglas C. Bryant bought 5,000 shares on June 11 at a price of $160.33. Since then, the price of the stock has increased by 7.15%.

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Quidel is engaged in the development, manufacturing and marketing of rapid diagnostic testing solutions. It is separated into four product categories: rapid immunoassays, cardiac immunoassays, specialized diagnostic solutions and molecular diagnostic solutions. The company generates a majority of its revenue from the rapid immunoassays.

The company has a market cap of $7.21 billion. Its shares traded at $171.80 with a price-earnings ratio of 82.96 as of June 12.

Net income for the first quarter of 2020 was $40.2 million compared to a net income of $24.8 million for the first quarter of 2019.

Chief Financial Officer Randall J. Steward sold 20,000 shares on May 18 at a price of $185.35. The price of the stock has decreased by 7.31% since then.

Senior Vice President of Research and Development Werner Kroll sold 68,152 shares on May 22 at a price of $174.44. Since then, the price of the stock has decreased by 1.51%.

Senior Vice President of North America Commercial Operations and General Counsel Robert Joseph Bujarski sold 20,000 shares on May 20 at a price of $189.41. The price of the stock has decreased by 9.3% since then.

Senior Vice President of International Commercial Operations Ratan S. Borkar sold 28,312 shares on May 18 at a price of $192.82. Since then, the price of the stock has decreased by 10.9%.

Senior Vice President of Distribution Michael Donald Abney Jr. sold 15,970 shares on May 18 at a price of $198.46. The price of the stock has decreased by 13.43% since then.

Camping World Holdings

Camping World Holdings Inc. (NYSE:CWH) CEO and 10% Owner Marcus Lemonis bought 23,500 shares on June 11 at a price of $21.27. Since then, the price of the stock has increased by 9.87%.

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Camping World Holdings provides services, protection plans, products and resources for recreational vehicle (RV) enthusiasts across the United States. The company operates its business through two reportable segments: Good Sam Services and Plans and RV and Outdoor Retail. 

The company has a market cap of $2.06 billion. Its shares traded at $23.37 as of June 12.

Net loss for the first quarter of 2020 was $14.13 million compared to a loss of $26.81 million for the prior-year period.

Lemonis also bought 2,444 shares on May 21 at a price of $20.48 and 13,975 shares on June 5 at a price of $21.48. The price of the stock has increased by 8.8% since then.

President Brent L. Moody bought 1,500 shares on June 5 at a price of $22.01. Since then, the price of the stock has increased by 6.18%.

B. Riley Financial

B. Riley Financial Inc. (NASDAQ:RILY) Chairman, Co-CEO and 10% Owner Bryant R. Riley bought 20,000 shares on June 10 at a price of $22.85. The price of the stock has decreased by 3.59% since then.

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B. Riley Financial is a diversified financial services company. The company offers investment banking and financial services to corporate, institutional and high net worth clients as well as asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors and professional services firms.

The company has a market cap of $568.98 million. Its shares traded at $22.03 as of June 12.

First quarter 2020 net loss was $99.25 million compared to net income of $7.98 million for the first quarter of 2019.

Riley bought 1,835 shares on May 21 at a price of $18.25 and 40,000 shares on June 3 at a price of $20.81. Since then, the price of the stock has increased by 5.86%.

Ranpak Holdings

Ranpak Holdings Corp. (NYSE:PACK) CEO and Executive Chairman Omar Asali bought 32,850 shares on June 9 at a price of $7.60. The price of the stock has increased by 1.97% since then.

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Ranpak Holdings is a provider of environmentally sustainable, systems-based product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. It operates its business in the United States and Europe.

The company has a market cap of $549.19 million. Its shares traded at $7.75 as of June 12.

Net loss was $3.6 million for the first quarter of 2020 compared to net loss of $3.4 million for the first quarter of 2019.

Interim Chief Financial Officer William Drew bought 5,000 shares on June 9 at a price of $7.58. Since then, the price of the stock has increased by 2.24%.

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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