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Weekly CEO Buys Highlight

- By Joy Hu

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Capri Holdings CEO bought 615,000 shares

Capri Holdings Ltd. (CPRI) Chairman and CEO John D. Idol bought 615,000 shares on June 3 at a price of $32.57. The price of the stock has increased by 5.04% since.

Capri Holdings, formerly Michael Kors Holdings Ltd., designs and manufactures apparel, footwear and accessories (primarily handbags). Products are positioned as luxury goods and sold under three brands: Michael Kors, Versace and Jimmy Choo. The company has a market cap of $5.16 billion. Its shares traded at $34.21 with a price-earnings ratio of 9.56 as of June 7.


Net income for the fourth quarter of fiscal 2019 was $19 million compared to $44 million in the prior year.

Executive Vice President, Chief Financial Officer and Chief Operating Officer Thomas Edwards Jr. bought 11,600 shares on June 4 at a price of $34.41. The price of the stock has decreased by 0.58% since.

Odonate Therapeutics CEO bought 93,692 shares

Odonate Therapeutics Inc. (ODT) CEO and 10% Owner Kevin C. Tang bought 93,692 shares on June 5 at a price of $24.92. The price of the stock has increased by 4.94% since.

Odonate Therapeutics is a pharmaceutical company engaged in the development of therapeutics which improves and extend the lives of patients with cancer. It is developing tesetaxel, a chemotherapy agent used in the treatment of cancer. The company has a market cap of $699.43 million. Its shares traded at $26.15 as of June 7.

Net loss for the first quarter of 2019 was $28.65 million compared to $16.88 million for the comparable period of 2018.

Freeport-McMoRan CEO bought 172,000 shares

Freeport-McMoRan Inc. (FCX) Vice Chairman, President and CEO Richard C. Adkerson bought 172,000 shares on June 6 at a price of $10.14. The price of the stock has increased by 2.07% since.

Freeport-McMoRan mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves. Freeport also has significant mining operations in the Americas. The company has a market cap of $15.01 billion. Its shares traded at $10.35 with a price-earnings ratio of 7.79 as of June 7.

Net income attributable to common stock was $31 million in the first quarter of 2019 compared to $692 million in the comparable quarter of 2018.

Intrexon CEO bought 338,869 shares

Intrexon Corp. (XON) CEO and 10% Owner Randal J. Kirk bought 338,869 shares during the past week at the average price of $4.91.

Intrexon is a biotechnology company that develops synthetic biology solutions. The company designs, builds and regulates gene programs. Its technologies are broadly applicable across a wide range of diverse end markets. Intrexon's business model is to commercialize its technologies through exclusive channel collaborations with collaborators that have specific industry expertise, development resources and sales and marketing capabilities, in order to bring new and improved products and processes to market. The company has a market cap of $870.87 million. Its shares traded at $5.40 as of June 7.

Net loss for the first quarter of 2019 was $62 million compared to $47 million for the prior-year period.

Kirk bought 273,367 shares on May 24 at a price of $4.69; 495,271 shares on May 30 at a price of $4.75; 330,180 shares on May 30 at a price of $4.75; bought 135,548 shares on June 4 at a price of $4.91; and 203,321 shares on June 4 at a price of $4.91. The price of the stock has increased by 9.98% since.

American Airlines CEO bought 50,000 shares

American Airlines Group Inc. (AAL) Chairman and CEO Douglas W. Parker bought 50,000 shares on June 4 at a price of $28.09. The price of the stock has increased by 10.07% since.

American Airlines operates close to 7,000 flights per day to more than 350 destinations in 50 countries from hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. The company generated over $40 billion in revenue during 2017. The company has a market cap of $13.75 billion. Its shares traded at $30.92 with a price-earnings ratio of 9.92 as of June 7.

Net income for the first quarter of 2019 was $185 million compared to $159 million for the prior-year quarter.

Executive Vice President and Chief Financial Officer Derek J. Kerr bought 5,000 shares on June 4 at a price of $27.76. The price of the stock has increased by 11.38% since.

President Robert D. Isom Jr. bought 15,000 shares on June 4 at a price of $27.75. The price of the stock has increased by 11.42% since.

Executive Vice President of Corporate Affairs Stephen L. Johnson bought 5,000 shares on June 4 at a price of $27.72. The price of the stock has increased by 11.54% since.

Executive Vice President and Chief Information Officer Maya Leibman bought 5,000 shares on June 4 at a price of $27.63. The price of the stock has increased by 11.91% since.

Executive Vice President of People and Communications Elise R. Eberwein bought 5,000 shares on June 4 at a price of $27.76. The price of the stock has increased by 11.38% since.

Director John T. Cahill bought 25,000 shares on June 4 at a price of $28.6. The price of the stock has increased by 8.11% since.

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

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

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52-Week Company Lows

Weekly CEO Buys Highlight

52-Week Company Lows

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This article first appeared on GuruFocus.