Notable Insider Buys This Past Week: HP, UPS And More (Benzinga)
Insiders continued to add shares despite overall market volatility and global economic gloom. The following are some of the most noteworthy insider purchases reported in the past week. Pinnacle Financial Partners: Pinnacle Financial Partners Inc (PNFP) saw an executive and three directors take advantage of a secondary offering and purchase 116,000 depositary shares altogether. At a per-share price of $25, that totaled $2.9 million. Note that two of those directors also bought shares back in March. UPS: United Parcel Service, Inc. (UPS) CEO Carol Tome stepped up to the buy window recently. She picked up 10,100 shares of this Atlanta-based company for an average of $99.33 each. That cost her more than $1 million. Tome’s stake was listed as 13,036 shares.
Nordson Corp (NDSN) Executive Vice President, CFO Gregory A Thaxton Sold $7.8 million of Shares (Guru Focus)
Executive Vice President, CFO of Nordson Corp., Gregory A Thaxton, sold 40,400 shares of NDSN on 06/05/2020 at an average price of $193.42 a share. The total sale was $7.8 million. Nordson Corp engineers, manufactures and markets differentiated products and systems used for adhesive, coating, sealant and biomaterial dispensing, fluid management, testing and inspection, curing, and surface treatment.
Monday 6/8 Insider Buying Report: KLDO, THR (Nasdaq.com)
On Thursday, Kaleido Biosciences’ Director, Kyriazi Theo Melas, made a $249,998 buy of KLDO, purchasing 33,333 shares at a cost of $7.50 each. Investors can buy KLDO at a price even lower than Melas did, with shares trading as low as $7.16 in trading on Monday which is 4.5% below Melas’s purchase price. Kaleido Biosciences is trading up about 4% on the day Monday. And at Thermon Group Holdings, there was insider buying on Wednesday, by Director Michael W. Press who purchased 13,300 shares for a cost of $14.97 each, for a trade totaling $199,101. This buy marks the first one filed by Press in the past twelve months. Thermon Group Holdings is trading off about 0.4% on the day Monday. So far Press is in the green, up about 17.2% on their buy based on today’s trading high of $17.54.
What Did This CEO Just Do with Personal Shares of United States Cellular (NYSE: USM)? (Analyst Ratings)
Today, the President & CEO of United States Cellular (USM), Kenneth R. Meyers, sold shares of USM for $2M. This is Meyers’ first transaction since reporting a Sell transaction on TDS back in March 2019 In addition to Kenneth R. Meyers, 2 other USM executives reported Sell trades in the last month. The company has a one-year high of $51.20 and a one-year low of $23.91. Currently, United States Cellular has an average volume of 79.64K. USM’s market cap is $2.82 billion and the company has a P/E ratio of 20.30.
Iliad’s Lombardini Gets Increased Insider Trading Fine on Appeal (Bloomberg Law)
Paris appeals court increases to EU800,000 the fine given to Maxime Lombardini, vice-chairman of Iliad’s board, for civil insider-trading violations. Lombardini was fined EU600,000 in April 2019 by enforcement committee of France’s financial market regulator, who accused him of selling shares before Iliad’s stock tumbled when it made a surprise 2014 takeover bid for T-Mobile US Inc. Paris court says the “particular seriousness” of the wrongdoing means the fine wasn’t large enough to have a dissuasive effect and should be increased. Representatives of Iliad and a lawyer for Lombardini didn’t immediately respond to requests for comment.
Amphenol Corp (APH) President & CEO Richard Adam Norwitt Sold $54.7 million of Shares (Guru Focus)
President & CEO of Amphenol Corp., Richard Adam Norwitt, sold 525,000 shares of APH on 06/05/2020 at an average price of $104.16 a share. The total sale was $54.7 million. Amphenol Corp is engaged in the field of electronic components. It designs and manufactures electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cables.
