Weekly CEO Buys Highlight

GuruFocus.com
0

- By Joy Hu

According to GuruFocus' Insider Data, these are the largest CEO buys over the past week. The overall trend of purchases is illustrated in the chart below:


Twitter CEO bought 574,002 shares

Twitter Inc. (TWTR) CEO Jack Dorsey bought 574,002 shares on April 28 for an average price of $16.62 per share. The stock price has increased by 12.45% since then.

Twitter is a platform for public self-expression and conversation in real time. The company has a market cap of $13.54 billion. Its shares traded around $18.69 with a price-earnings (P/E) ratio of -30.24 on May 5.

The company posted first-quarter revenue of $548 million, down 8% year over year. Net loss was $62 million.

General Counsel Vijaya Gadde sold 15,000 shares on May 3 for $18.28 per share. Since then, the stock price has increased by 2.24%.

Chief Accounting Officer Robert Kaiden sold 4,569 shares for $17.35 per share on May 1. The stock price has increased by 7.72% since then.

Cliffs Natural Resources CEO bought 200,000 shares

Chairman, President and CEO Lourenco Goncalves of Cliffs Natural Resources Inc. (CLF) bought 200,000 shares for $6.31 per share on May 3. The stock price has decreased by 0.48% since then.

Cliffs Natural Resources is a mining and natural resources company. The company has a market cap of $1.86 billion. Its shares traded around $6.28 with a P/E ratio of 36.73 on May 5.

First-quarter consolidated revenues were $462 million, an increase of 51% compared to the prior year's first-quarter revenues of $306 million.

Director John T. Baldwin bought 6,000 shares for $6.32 per share on May 3. Since then, the stock price has decreased by 0.63%.

Director Douglas C. Taylor bought 3,750 shares for $6.61 per share on May 2. The stock price has decreased by 4.99% since then.

Director Eric M. Rychel bought 3,000 shares for $6.55 per share on May 1. Since then, the stock price has decreased by 4.12%.

Director Robert P. Fisher Jr. bought 4,000 shares for $6.83 per share on April 28. The stock price has decreased by 8.05% since then.

Director Joseph A. Rutkowski bought 2,500 shares for $6.77 per share on April 28. The stock price has decreased by 7.24% since then.

FTI Consulting CEO bought 30,000 shares

Steven Henry Gunby, president and CEO of FTI Consulting Inc. (FCN), bought 30,000 shares for $34.51 per share on April 28. Since then, the stock price has increased by 0.78%.

FTI Consulting, along with its subsidiaries, is a business advisory firm. The company has a market cap of $1.4 billion. Its shares traded at $34.78 with a P/E ratio of 20.90 on May 5.

For the quarter ended March 31, revenues of $446.3 million declined $23.9 million, or 5.1%, compared to revenues of $470.3 million in the prior-year quarter.

Superior Energy CEO bought 45,000 shares

David Dunlap, president and CEO of Superior Energy Services Inc. (SPN), bought 45,000 shares for $12.26 per share on April 28. The stock price since then has decreased by 7.91%.

Superior Energy provides specialized oilfield services and equipment. The company has a market cap of $1.73 billion. Its shares traded around $11.29 with a P/E ratio of -1.92 on May 5.

The company reported first-quarter net loss of $89.7 million on revenue of $400.9 million. This compares to a net loss of $84.5 million on revenue of $413.1 million in first-quarter 2016.

Executive Vice President Brian K. Moore bought 30,000 shares for $12.08 per share on April 28. Since then, the stock price has decreased by 6.54%.

New Media Investment Group CEO bought 40,000 shares

Michael Reed, CEO of New Media Investment Group Inc. (NEWM), bought 40,000 shares for $13.25 per share on May 1. The stock price since then has increased by 2.79%.

New Media is a print and online media company that owns, operates and invests 631 community print publications, 538 websites and two yellow page directories. The company has a market cap of $725.65 million. Its shares traded at $13.62 with a P/E ratio of 27.91 on May 5.

Total revenues were $307.5 million for the first quarter, up 2.5% from the prior-year period.

For the complete list of stocks bought by company CEOs, go to CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

Start a free 7-day trial of Premium Membership to GuruFocus.

This article first appeared on GuruFocus.


Advertisement

Recommended Stories