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Weekly CEO Buys Highlight

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

Hersha Hospitality Trust

Hersha Hospitality Trust (NYSE:HT) CEO Jay H. Shah bought 7,300 shares on Jan. 7 at a price of $13.51. The price of the stock has decreased by 0.15% since.

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Hersha Hospitality Trust is a U.S. real estate investment trust that invests primarily in upscale, mid-scale and extended-stay hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida, Connecticut and select markets on the West Coast.

The company has a market cap of $521 million. Its shares traded at $13.49 as of Jan. 10.

Net loss for the third quarter of 2019 was $5.4 million compared to a loss of $3.2 million in the third quarter of 2018.

President and Chief Operating Officer Neil H. Shah bought 7,300 shares on Jan. 7 at a price of $13.51. The price of the stock has decreased by 0.15% since.

Director Thomas J. Hutchison III sold 5,000 shares on Dec. 26 at a price of $14.54. The price of the stock has decreased by 7.22% since.

OPKO Health

OPKO Health Inc. (NASDAQ:OPK) CEO, Chairman and 10% Owner Phillip Frost bought 50,000 shares on Jan. 8 at a price of $1.47. The price of the stock has decreased by 1.36% since.

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OPKO Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Its diagnostics business includes a core genetic testing operation. It has a development and commercial supply pharmaceutical company, as well as a global supply-chain operation and holding company in Ireland. It also owns a specialty active pharmaceutical ingredients manufacturer in Israel.

The company has a market cap of $965 million. Its shares traded at $1.45 as of Jan. 10.

Net loss for the third quarter of 2019 was $62.01 million compared to a net loss of $27.66 million in the prior-year quarter.

Frost bought 150,000 shares on Dec. 18 at a price of $1.5; 100,000 shares on Dec. 19 at a price of $1.48; 100,000 shares on Dec. 27 at a price of $1.53; and 100,000 shares on Dec. 30 at a price of $1.46. The price of the stock has decreased by 0.68% since.

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

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

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This article first appeared on GuruFocus.