The largest Insider Buys this week were for General Electric Co. (GE, Financial), Valley National Bancorp (VLY, Financial), Range Resources Corp. (RRC, Financial), and Plexus Corp. (PLXS, Financial).
General Electric Co. (GE, Financial): Senior Vice President Alexander Dimitrief bought 2,689 shares
Senior Vice President Alexander Dimitrief bought 2,689 shares of GE stock on Jan. 29 at the average price of $16.16. The price of the stock has decreased by 3.22% since.
General Electric Co. is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare, and Transportation. The company has over 305,000 employees as of 2015 and ranked among the Fortune 500 as the 4th largest firm in the United States as of 2017. The company has a market capitalization of $135.63 billion, and as of Feb. 2 it traded at $15.64.
On Jan. 18, General Electric Co. announced that it has signed long-term agreements with a consortium formed by Macquarie Capital and Techint valued at approximately $330 million. The multi-year agreements include two fully integrated contracts that will together provide 25 years of total plant service solutions for the 907 megawatts Norte II power plant, located in the municipality of Cuidad Juarez.
Valley National Bancorp (VLY, Financial): Director Peter J. Baum bought 3,433 shares
Director Peter J. Baum bought 3,433 shares of VLY stock on Jan. 29 at the average price of $12.7. The price of the stock has decreased by 0.94% since.
Valley National Bancorp is an American bank holding company that operates 209 branches in 30 counties in northern and central New Jersey, Manhattan, Brooklyn, Queens, Long Island, and Florida. The company has approximately $28 billion in assets, reflecting the recent acquisition of USAB. The company has a market capitalization of $4.14 billion, and as of Feb. 2 it traded at $12.58.
On Jan. 31 Valley National Bancorp announced the appointment of Jamie Andis as Home Loan Consultant for Florida. Ms. Andis is joining Valley National with over 21 years of experience in the mortgage industry and as a Home Loan Consultant she is responsible for originating loans, processing and underwriting, and reviews on closed mortgage loans.
Range Resources Corp. (RRC, Financial): Director Steffen E. Palko bought 34,000 shares
Director Steffen E. Palko bought 34,000 shares of RRC stock on Jan. 30 at the average price of $14.72. The price of the stock has decreased by 7.95% since.
Range Resources Corp. is an American petroleum and natural gas exploration and production company. As of Dec. 31, 2016, the company had 12.1 trillion cubic feet of natural gas equivalent of estimated reserves, of which 65% was natural gas and 31% was natural gas liquids. The remaining 4% of reserve was petroleum. As of 2016, the company had a total asset worth of $11.282 billion. The company has a market capitalization of $3.36 billion, and as of Feb. 2 it traded at $13.55.
On Dec. 1, 2017, Range Resources Corp. announced that its Board of Directors has declared a cash dividend of $0.02 per common share on its common stock for the fourth quarter. The dividend is payable on Dec. 29, 2017, to shareholders of record at the close of business on Dec. 15. 2017.
Plexus Corp. (PLXS, Financial): Director Peter Kelly bought 10,000 shares
Director Peter Kelly bought 10,000 shares of PLXS stock on Jan. 24 at the average price of $60.05. The price of the stock has decreased by 0.38% since.
Plexus Corp. is an American contract manufacturer of electric components and systems for areas such as wireless networks, medicine, military, and aviation security technology. The company has manufacturing and sales locations in North America, Germany, Scotland, Romania, China, and Malaysia. The company has a market capitalization of $4.14 billion, and as of Feb. 2 it traded at $12.58.
On Jan 17 Plexus Corp. announced fiscal first quarter 2018 financial results. Revenue during the quarter was $677 million. GAAP diluted loss per share was $2.93 while non-GAAP adjusted diluted earnings per share was $0.75, excluding $3.59 per share of tax expense.
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.
