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Shuda Xia
Shuda Xia
Articles (296) 

Weekly Top Insider Buys Highlight for the Week of Aug. 2

The largest Insider Buys this week were for Mastercard Inc., AbbVie Inc., Bristol-Myers Squibb Co. and Ford Motor Co.

August 03, 2019 | About:

The largest Insider Buys this week were for Mastercard Inc. (NYSE:MA), AbbVie Inc. (NYSE:ABBV), Bristol-Myers Squibb Co. (NYSE:BMY) and Ford Motor Co. (NYSE:F).

Mastercard Inc. (NYSE:MA): Director Lance Darrell Gordon Uggla bought 1,500 shares

Director Lance Darrell Gordon Uggla bought 1,500 shares of MA stock on Aug. 1 at the average price of $275.71. The price of the stock has decreased by 2.27% since.

Mastercard Inc. is an American international financial services company. The company focuses on processing payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the Mastercard brand debit, credit, and prepaid services. The company has a market capitalization of $273.37 billion, and as of Aug. 2 it traded at $269.45.

On July 30 Mastercard Inc. reported financial results for the second quarter of 2019. Net revenue for the quarter was $4.1 billion, compared to $3.7 billion during the same quarter prior year. Operating income was $2.4 billion for the quarter, compared to operating income of $1.9 billion during the same quarter prior year. Operating expenses for the quarter decreased by 1% to $1.7 billion compared to operating expenses during the same period prior year.

AbbVie Inc. (NYSE:ABBV): Director Roxanne S. Austin bought 65,000 shares

Director Roxanne S. Austin bought 55,000 shares of ABBV stock on Aug. 1 at the average price of $65.86. The price of the stock has decreased by 0.77% 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 $96.61 billion, and as of Aug. 2 it traded at $65.35.

On July 26 AbbVie Inc. reported financial results for the second quarter of 2019. Diluted earnings per share were $0.49 for the quarter on a GAAP basis. Net revenues decreased 0.3% to $8.255 billion from the same quarter prior year. The company also announced a definitive transaction agreement to acquire Allergan.

Bristol-Myers Squibb Company (NYSE:BMY): Director Robert J. Bertolini bought 11,000 shares

Director Robert J. Bertolini bought 11,000 shares of BMY stock on July 31 at the average price of $44.72. The price of the stock has increased by 2.84% since.

Bristol-Myers Squibb Company is an American international pharmaceutical company that manufactures prescription pharmaceuticals in various therapeutic areas including cancer, cardiovascular diseases, diabetes, hepatitis, and HIV. The company has a market capitalization of $75.23 billion, and as of Aug. 2 it traded at $45.99.

On June 29 Bristol-Myers Squibb Company announced that the European Commission has granted unconditional approval of the company’s pending acquisition of Celgene Corporation. The transaction still remains subject to additional customary closing conditions and regulatory approvals. The transaction is expected to close by the end of 2019 or the beginning of 2020.

Ford Motor Co. (NYSE:F): Director John C. Lechleiter bought 10,000 shares

Director John C. Lechleiter bought 10,000 shares of F stock on July 29 at the average price of $9.6. The price of the stock has decreased by 3.33% since.

Ford Motor Co. is an American international automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint ventures in China, Taiwan, Thailand, Turkey, and Russia. The company has a market capitalization of $37.03 billion, and as of Aug. 2 it traded at $9.28.

On July 30 Ford Motor Co. announced that it has acquired Quantum Signal, a company that has helped the military develop software that allowed it to remotely control robotic vehicles from thousands of miles away. Ford Motor Co. stated that it will use Quantum Signal’s extensive expertise in algorithm development and simulation to advance the company’s self-driving vehicles and software development.

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.


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