1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Shuda Xia
Shuda Xia
Articles (286) 

Top Insider Buys Highlight for the Week of Aug. 16

Company insiders invest in Mastercard, Lockheed Martin, General Electric and Athenex

August 17, 2019 | About:

The largest insider buys this week were Mastercard Inc. (NYSE:MA), Lockheed Martin Corp. (NYSE:LMT), General Electric Co. (NYSE:GE) and Athenex Inc. (NASDAQ:ATNX).

Mastercard director bought 1,735 shares

Director Richard K. Davis bought 1,735 shares of Mastercard on Aug. 12 for an average price of $270.09. The share price has increased by 1.58% since then.

Mastercard is a financial services company focused 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 $278.35 billion; as of Aug. 16, it traded at $274.36.

On July 30, Mastercard reported financial results for the second quarter. Net revenue for the quarter was $4.1 billion, compared to $3.7 billion in the prior-year quarter. Operating income was $2.4 billion, compared to $1.9 billion a year ago. Operating expenses decreased 1% to $1.7 billion.

Lockheed Martin director bought 1,354 shares

Director James D. Taiclet Jr. bought 1,354 shares of Lockheed Martin on Aug. 9 for an average price of $376.32. Since then, the share price has risen 0.18%.

Lockheed Martin is an aerospace, defense, security, and advanced technologies company. The company has a market capitalization of $106.46 billion; as of Aug. 16, it traded at $377.

On Aug. 8, the company announced the U.S. Air Force’s 4th Space Operations Squadron at Schriever Air Force Base is now communicating with the fifth Advanced Extremely High Frequency (AEHF-5) protected communication satellite built by Lockheed Martin. The satellite was launched on the morning of Aug. 8 from Cape Canaveral Air Force Station in Florida and is now responding to commands as planned.

General Electric senior vice president bought 105,600 shares

Senior Vice President Kevin L. Cox bought 105,600 shares of GE on Aug. 13 for an average price of $9.42. The share price since then has declined by 6.69%.

General Electric is a conglomerate that operates through a variety of segments, including aviation, health care, power, renewable energy, digital industry, venture capital and finance and oil and gas. The company has a market capitalization of $76.71 billion; as of Aug. 16, it traded at $8.79.

On Aug. 12, General Electric announced it has been selected by investors Partners Group and CWP as the wind turbine supplier for the 244 MW Bango wind farm near Yass, New South Wales. The project will be the company’s first Cypress-equipped wind farm in Australia.

Athenex CEO bought 10,000 shares

Chairman and CEO Johnson Lau bought 10,000 shares of Athenex on Aug. 15 for the average price of $14.90. The share price has increased by 3.36% since then.

Athenex is a clinical-stage biopharmaceutical company that is focused on the discovery, development and commercialization of novel cancer treatments. The company has a market capitalization of $1.19 billion; as of Aug. 16, it traded at $14.98.

On Aug. 7, Athenex announced its financial results for the second quarter. Product sales were $22 million, up 92% from $11.5 million in the year-ago quarter. Cost of sales totaled $16.9 million, an increase of 79% from $9.4 million in the prior-year quarter.

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.

  • 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.

» Take a Free Trial of Premium Membership


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Shuda Xia


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK