According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Biogen CEO bought 4,351 shares
Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva are marketed via a collaboration with Roche. Biogen markets novel MS drugs Tysabri and Tecfidera independently. Hemophilia therapies Eloctate and Alprolix (partnered with SOBI) were spun off as part of Bioverativ in 2017. Biogen has several drug candidates in phase 3 trials in neurology and neurodegenerative diseases and has launched Spinraza with partner Ionis. The company Biogen has a market cap of $44.82 billion. Its shares traded at $231.18 with a price-earnings ratio of 9.99 as of May 3.
Net income for the first quarter of 2019 was $1.4 billion compared to $1.2 billion in the first quarter of 2018.
Director Alexander J. Denner bought 118,342 shares on May 2 at a price of $229.94. The price of the stock has increased by 0.54% since.
Archer-Daniels Midland CEO bought 23,657 shares
Archer Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the firm owns an extensive network of logistical assets to store and transport crops around the globe. The company's end products include vegetable oil and meal, corn sweeteners, flour, feed ingredients, ethanol, and natural flavors. The company has a market cap of $24.46 billion. Its shares traded at $43.67 with a price-earnings ratio of 15.06 as of May 3.
Total revenues for the first quarter of 2019 were $15.30 billion compared to $15.53 billion for the prior-year quarter.
Chief Financial Officer Ray G. Young bought 6,000 shares on April 29 at a price of $42.76. The price of the stock has increased by 2.13% since.
GrubHub CEO bought 15,416 shares
Founded in 2004, Grubhub provides an online takeout food platform for consumers, or diners, and restaurants. The firm generates revenue by charging restaurants a commission based on each order amount. It also charges consumers a delivery fee for orders where the firm handles the delivery. Grubhub has over 50,000 restaurant partners. The company has a market cap of $6.47 billion. Its shares traded at $71.02 with a price-earnings ratio of 121.61 as of May 3.
Net income for the first quarter of 2019 was $6.9 million compared to $30.8 million in the first quarter of 2018.
Director Linda Johnson Rice sold 180 shares on May 1 at a price of $67.75. The price of the stock has increased by 4.83% since.
Chief Product Officer Samuel Pike Hall sold 2,818 shares on April 26 at a price of $75. The price of the stock has decreased by 5.31% since.
Sealed Air CEO bought 5,000 shares
Sealed Air is organized via two reporting segments. Food care includes its food packaging products like Cryovac, Darfresh, and Optidure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, InstaPak, Jiffy Mailer, and shrink film packaging systems that cater to both industrial and e-commerce applications. The company has a market cap of $7.01 billion. Its shares traded at $45.03 with a price-earnings ratio of 15.80 as of May 3.
Net earnings for the first quarter of 2019 were $57.5 million compared to a loss of $200.6 million for the prior-year quarter.
Sally Beauty Holdings CEO bought 10,000 Shares
Sally Beauty Holdings is a professional beauty-products retailer based in the United States. Sally Beauty operates throughout the United States, Puerto Rico, the United Kingdom, Belgium, Canada, Chile, Colombia, Mexico, Peru, France, Ireland, Spain, Germany, and the Netherlands. The company operates through two business segments: Sally Beauty Supply and Beauty Systems Group. Product offerings include hair color and care, hair dryers and hair-styling appliances, nail care, skin care, and others. The company has a market cap of $1.99 billion. Its shares traded at $16.53 with a price-earnings ratio of 8.42 as of May 3.
Net earnings in the second quarter were $65.7 million compared to $61.4 million in the prior year period.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
Read more here:Â
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.