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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.

Eidos Therapeutics CEO bought 1,103,848 shares

Eidos Therapeutics Inc. (EIDX) CEO and 10% Owner Neil Kumar bought 1,103,848 shares on May 24 at a price of $25.93. The price of the stock has increased by 20.36% since.


Eidos Therapeutics is a clinical stage biopharmaceutical company focused on addressing the need in diseases caused by transthyretin, or TTR, amyloidosis, or ATTR. The company seeks to treat these diseases by stabilizing TTR. Their product candidate is AG10. The company has a market cap of $1.15 billion. Its shares traded at $31.21 as of May 31.

Net loss was $11.7 million for the first quarter of 2019 as compared to a net loss of $8.0 million for the first quarter of 2018.

Director and 10% Owner Ali J. Satvat bought 1,103,848 shares on May 24 at a price of $25.93. The price of the stock has increased by 20.36% since.

Director and 10% Owner Eric Aguiar bought 1,103,848 shares on May 24 at a price of $25.93. The price of the stock has increased by 20.36% since.

10% Owner BridgeBio Pharma Inc. bought 1,103,848 shares on May 24 at a price of $25.93. The price of the stock has increased by 20.36% since.

President and Chief Medical Officer Jonathan C. Fox sold 5,000 shares on May 30 at a price of $32.64. The price of the stock has decreased by 4.38% since.

Chief Scientific Officer Uma Sinha sold 5,000 shares on May 23 at a price of $27.28. The price of the stock has increased by 14.41% since.

Intrexon CEO bought 1,508,868 shares

Intrexon Corp. (XON) CEO and 10% Owner Randal J. Kirk bought 1,508,868 shares during the past week at the average price of $4.72.

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 $780.56 million. Its shares traded at $4.84 as of May 31.

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

Kirk bought 422,423 shares on May 21 at a price of $4.65; 410,050 shares on May 24 at a price of $4.69; 273,367 shares on May 24 at a price of $4.69; 495,271 shares on May 30 at a price of $4.75; and 330,180 shares on May 30 at a price of $4.75. The price of the stock has increased by 1.89% since.

AGNC Investment CEO bought 103,202 shares

AGNC Investment Corp. (AGNC) Director, CEO and Chief Investment Officer Gary D. Kain bought 103,202 shares on May 24 at a price of $16.93. The price of the stock has decreased by 3.13% since.

American Capital Agency Corp. (AGNC Investment Corp.) is a real estate investment trust that invests primarily in agency mortgage-backed securities, or MBS, on a leveraged basis. The firm's asset portfolio is comprised, cumulatively, of residential mortgage pass-through securities, collateralized mortgage obligations, or CMO, and nonagency MBS. Many of these are guaranteed by government-sponsored enterprises. The majority of American Capital's investments are fixed-rate agency MBS. Most of these are MBS with a 30-year maturity period. The counterparties to most of American Capital's assets are located in North America. Counterparties in Europe also represent a significant percentage of the company's total portfolio. American Capital derives nearly all its revenue in the form of interest income. The company has a market cap of $8.80 billion. Its shares traded at $16.40 as of May 31.

2019 first-quarter net interest income was $164 million compared to $225 million for the comparable prior-year period.

Rattler Midstream CEO bought 85,000 shares

Rattler Midstream LP (RTLR) CEO Travis D. Stice bought 85,000 shares on May 28 at a price of $17.50. The price of the stock has increased by 6.97% since.

Rattler Midstream is a growth-oriented Delaware limited partnership formed in July 2018 by Diamondback Energy, Inc. to own, operate, develop and acquire midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. Rattler provides crude oil, natural gas and water-related midstream services (including freshwater sourcing and transportation and saltwater gathering and disposal) to Diamondback under long-term, fixed-fee contracts. The company has a market cap of $711.36 million. Its shares traded at $18.72 with a price-earnings ratio of 43.94 as of May 31.

Diamondback's first-quarter 2019 net income was $10 million compared to $163 million for the prior-year quarter.

On May 28 Rattler Midstream and Diamondback announced the closing of Rattler's previously announced initial public offering of 38 million common units representing limited partner interests at a price to the public of $17.50 per common unit.

Director Laurie H. Argo bought 500 shares on May 28 at a price of $17.5. The price of the stock has increased by 6.97% since.

Director Steven E. West bought 28,550 shares on May 28 at a price of $17.5. The price of the stock has increased by 6.97% since.

Chief Financial Officer, Executive Vice President and Assistant Secretary Teresa L. Dick bought 8,000 shares on May 28 at a price of $17.5. The price of the stock has increased by 6.97% since.

Director Arturo Vivar bought 14,250 shares on May 28 at a price of $17.5. The price of the stock has increased by 6.97% since.

Executive Vice President, General Counsel and Secretary Matt Zmigrosky bought 3,000 shares on May 28 at a price of $17.5. The price of the stock has increased by 6.97% since.

Discovery CEO bought 35,900 shares

Discovery Inc. (DISCA) CEO of Global Direct to Consumer Peter Faricy bought 35,900 shares on May 28 at a price of $27.91. The price of the stock has decreased by 2.33% since.

Discovery Inc., formerly known as Discovery Communications Inc., is the one of the largest global media providers with over 2 billion cumulative subscribers in over 220 countries. Its three main networks (Discovery, TLC and Animal Planet) each reach over 89 million U.S. households and more than 270 million international subscribers. The firm operates eight other channels in the U.S., including Investigation Discovery and OWN: Oprah Winfrey Network. The international segment consists of national and pan-regional networks over 294 unique distribution feeds in more than 45 languages. The company has a market cap of $19.96 billion. Its shares traded at $27.26 with a price-earnings ratio of 23.20 as of May 31.

First-quarter net income was $384 million compared with a loss of $8 million in the prior year's quarter.

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.