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.
This article first appeared on GuruFocus.