The largest Insider buys this week were for Salesforce.com Inc. (CRM, Financial), Alliant Energy Corp. (LNT, Financial), Molina Healthcare Inc. (MOH, Financial) and Bausch Health Companies Inc. (BHC, Financial).
Salesforce.com director bought 6,000 shares
Director Susan Wojcicki bought 6,000 shares of Salesforce on Sept. 17 for an average price of $157.57 per share. The stock price has declined 1.38% since then.
Salesforce 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 acquisitions. The company has a market capitalization of $117.59 billion; as of Sept. 21, it traded at $155.40.
On Sept. 20, Salesforce announced that State Farm has selected several of its products to deliver customer experiences across every touch point.
Alliant Energy director bought 1,250 shares
Director Deborah B. Dunie bought 1,250 shares of Alliant on Sept. 13 for an average price of $43.8 per share. Since then, the stock price has fallen 1.32%.
Alliant is an American public utility holding company. The company has four segments: Interstate Power and Light Company, Wisconsin Power and Light Company, Resource and Corporate Services. The company has a market capitalization of $10.1 billion; as of Sept. 21, it traded at $43.22.
On Sept. 20, Alliant Energy announced that its wholly-owned subsidiary, Interstate Power and Light Company, announced the pricing of its initial public offering of $500 million aggregate principal amount of 4.1% senior debentures. The senior debentures will be due on Sept. 26, 2028.
Molina Healthcare executive vice president bought 25,000 shares
Executive Vice President James Woys bought 25,000 shares of Molina Healthcare on Sept. 19 for an average price of $148.79 per share. The stock price has increased by 2.59% since then.
Molina is an American managed care company that provides health insurance to individuals through government programs such as Medicaid and Medicare. The company has a market capitalization of $9.43 billion; as of Sept. 21, it traded at $152.65.
On July 31, Molina Healthcare reported fiscal second-quarter 2018 results. Net income for the quarter was $3.02 per diluted share, compared to $1.64 per diluted share in the first quarter. Premium revenue increased $191 million, or 4.4%. Furthermore, the net profit margin for the quarter was 4.1%.
Bausch Health executive vice president and CFO bought 10,000 shares
Executive Vice President and Chief Financial Officer Paul Herendeen bought 10,000 shares of Bausch Health on Sept. 14 for an average price of $22.61 per share. The stock price since then has increased by 10.17%.
Bausch Health is a Canadian pharmaceutical company that develops a broad range of pharmaceutical products, primarily in the areas of dermatology, eye health, neurology and gastrointestinal disorders. The company has a market capitalization of $8.29 billion; as of Sept. 21, it traded at $24.91.
On Sept. 11, Bausch announced it has paid down an additional $57 million of its senior secured term loans and $50 million of its revolver borrowings using cash on hand. The company has eliminated all mandatory amortization for the remainder of 2018.
For the complete list of stocks bought by company executives, go to Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
