The largest Insider Buys this week were for AbbVie Inc. (NYSE:ABBV), Occidental Petroleum Corp. (NYSE:OXY), General Electric Co. (NYSE:GE) and Keurig Dr Pepper Inc. (NYSE:KDP).
AbbVie Inc. (NYSE:ABBV): SVP, US Commercial Operations Jeffrey Ryan Stewart bought 15,552 shares
Senior Vice President U.S. Commercial Operations Jeffrey Ryan Stewart bought 15,552 shares of ABBV stock on Aug. 16 at the average price of $64.44. The price of the stock has increased by 2.37% since.
AbbVie Inc. is an American international pharmaceutical company that focuses on discovering, developing, and marketing both biopharmaceuticals and small molecule drugs. The company was created in 2013 as a spin-off of Abbott Laboratories. The company has a market capitalization of $97.54 billion, and as of Aug. 23 it traded at $65.97.
On Aug. 16 AbbVie Inc. announced that the U.S. Food and Drug Administration (FDA) has approved RINVOQ for the treatment of adults with moderately to severely active rheumatoid arthritis who have had intolerance to methotrexate. RINVOQ is a 15 milligram once-daily oral Janus kinase inhibitor and is expected to be available in the U.S. in late August 2019.
Occidental Petroleum Corp. (NYSE:OXY): Senior Vice President Kenneth Dillon bought 5,000 shares
Senior Vice President Kenneth Dillon bought 5,000 shares of OXY stock on Aug. 16 at the average price of $44.57. The price of the stock has decreased by 4.94% since.
Occidental Petroleum Corp. is an American international oil and gas exploration and production company. The company has operations in the U.S., the Middle East and Latin America and is engaged in petrochemical manufacturing in the U.S., Canada and Chile. The company was the ninth largest petroleum producer in Texas in 2018. The company has a market capitalization of $37.9 billion, and as of Aug. 23 it traded at $42.37.
On Aug. 8 Occidental Petroleum Corp. announced the successful completion of its acquisition of Anadarko Petroleum Corp. in a transaction valued at $55 billion, including the assumption of the company's debt. The closing of the transaction follows approval of the transaction by Anadarko's shareholders at a special meeting held on Aug. 8.
General Electric Co. (NYSE:GE): Senior Vice President Scott Strazik bought 34,836 shares
Senior Vice President Scott Strazik bought 34,836 shares of GE stock on Aug. 15 at the average price of $8.01. The price of the stock has decreased by 0.5% since.
General Electric Co. is an American international conglomerate company 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 is a component of the S&P 100 and was ranked the 18th largest firm in the U.S. by gross revenue in 2018. The company has a market capitalization of $69.55 billion, and as of Aug. 23 it traded at $7.97.
On Aug. 12 General Electric Co. announced that 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 and will use 46 of the company's Cypress onshore wind platform. The new wind farm will also be the largest Cypress equipped wind farm globally to date.
Keurig Dr Pepper Inc. (NYSE:KDP): Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares
Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares of KDP stock on Aug. 20 at the average price of $27.99. The price of the stock has decreased by 4.54% since.
Keurig Dr Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages, and Keurig brewers. As of July 2018, the company also sells sodas, juices, and other soft drinks from its Dr. Pepper Snapple division in Texas. The company has a market capitalization of $37.59 billion, and as of Aug. 23 it traded at $26.72.
On Aug. 8 Keurig Dr Pepper Inc. reported financial results for the second quarter of 2019 ended June 30. Net sales increased 196% to $2.81 billion from the same quarter prior year and operating income increased 251% to $587 million from the same quarter prior year. Likewise, earnings per diluted share for the quarter increased 120% to 22 cents. These results were significantly impacted by the merger of Keurig Green Mountain and Dr Pepper Snapple Group completed in July of 2018.
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.
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