The largest Insider Buys this week were for AbbVie Inc. (ABBV, Financial), DISH Network Corp. (DISH, Financial), NuStar Energy LP (NS, Financial), and REV Group Inc. (REVG, Financial).
AbbVie Inc. (ABBV, Financial): Director Glenn F. Tilton bought 5,400 shares
Director Glenn F. Tilton bought 5,400 shares of ABBV stock on June 27 at the average price of $91.9. The price of the stock has increased by 0.82% 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 $147.02 billion, and as of June 29 it traded at $92.65.
On June 15 AbbVie Inc. announced the presentation of investigational data from a new analysis of undetectable minimal residual disease (uMRD) rates from pivotal Phase 3 MURANO trial of venetoclax, an oral B-cell lymphoma-2 inhibitor, in combination with rituximab in patients with relapsed or refractory chronic lymphocytic leukemia. Of the 121 patients who achieved uMRD at the end of combination therapy, 83% maintained uMRD and were progression free for a median of 13.8 months.
DISH Network Corp. (DISH, Financial): Executive Vice President James Defranco bought 5,000 shares
Executive Vice President James Defranco bought 5,000 shares of DISH stock on June 28 at the average price of $32.99. The price of the stock has increased by 1.88% since.
DISH Network Corp. is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming, and interactive television services to both commercial and residential customers. The company has a market capitalization of $15.71 billion, and as of June 29 it traded at $33.61.
On June 29 DISH Network Corp. announced that negotiations with Univision Communications Inc. have reached an apparent roadblock following unmanageable demands by Univision Communications and the company’s sudden departure from the negotiating table. DISH Network Corp. is preparing for Univision to block DISH customers from its channels.
NuStar Energy LP (NS, Financial): Director William E. Greehey bought 413,736 shares
Director William E. Greehey bought 413,736 shares of NS stock on June 26 at the average price of $24.17. The price of the stock has decreased by 6.29% since.
NuStar Energy LP is an American petrochemical company. The company is one of the largest independent liquids terminal and pipeline operators in the United States, owning 8,700 miles of pipeline and 79 terminal and storage facilities. These facilities store and distribute crude oil, refined products, and specialty liquids. The company has a market capitalization of $2.11 billion, and as of June 29 it traded at $22.65.
On June 26 NuStar Energy LP announced that it has entered into an agreement to sell approximately $590 million of its newly issued Series D Cumulative Convertible Preferred Units in a private placement to investment funds managed by EIG Management Company. The purchasers will receive 23,246,650 preferred units at $25.38 per unit.
REV Group Inc. (REVG, Financial): Director John Canan bought 5,040 shares
Director John Canan bought 5,040 shares of REVG stock on June 25 at the average price of $16.04. The price of the stock has increased by 6.05% since.
REV Group Inc. is an American manufacturer of specialty vehicles that serves the emergency, recreational, and industrial sectors. The company was formed by the merging of four companies, Collins Industries, E-One, Halcore Group, and Fleetwood Enterprises in 2010. The company has a market capitalization of $1.1 billion, and as of June 29 it traded at $17.01.
On June 27 REV Group Inc. announced a partnership with Outdoorsy to offer RV rentals through Outdoorsy’s RV marketplace. The partnership is the first time that Outdoorsy is working directly with a manufacturer and rental vehicle supplier to bring RV units to the company’s marketplace.
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.
