By Davit Kirakosyan
Investing.com -- Here is your Pro Recap of the biggest insider trades you may have missed this week: top brass buys at Albemarle, Caesars Entertainment, ADT, Globalstar, Helen of Troy, and Plains GP.
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Albemarle CEO buys $1 million in stock, several analysts upgrade the company
Albemarle (NYSE:ALB) CEO, Kent Masters, bought 5,470 shares, or nearly $1M worth, at $181.64, as reported in real time on InvestingPro. Additionally, EVP/general counsel, Kristin Coleman, bought 1,373 shares, or around $250,000, at $182.
This past week, the company earned several upgrades, including from BofA Securities, which moved its rating to Neutral from Underperform and raised its price target to $200.00 from $195.00. KeyBanc upgraded to Overweight from Sector Weight, and Scotiabank (TSX:BNS) moved its rating to Sector Outperform from Sector Perform.
Earlier this month, the company reported its Q1 earnings, with EPS coming in better than the consensus estimates.
Shares gained nearly 9% this week.
Caesars Entertainment director buys $1.125M in stock after Q1 miss
Caesars Entertainment (NASDAQ:CZR) director, Michael Pegram, bought 25,000 shares, or more than $1.1M worth, at $45.0173.
Earlier this month, the company reported its Q1 earnings, widely missing EPS estimates.
Shares closed the week with more than a 4% loss.
4 more insider trades
ADT (NYSE:ADT) executive vice president of Solar, Jamie Elizabeth Haenggi, bought 100,000 shares, or $579,000 worth, at $5.79, and VP, chief marketing officer, DeLu Jackson, bought 8,650 shares, or nearly $50,000 worth, at $5.76
This follows last week’s disclosures, according to which the CEO, CFO, and three additional insiders acquired shares valued at millions of dollars.
Globalstar (NYSE:GSAT) chairman, James Monroe III, purchased 5,263,863 shares, or more than $5M worth, at $0.97-$0.99. He owns over 1 billion shares of Globalstar in total.
Helen of Troy (NASDAQ:HELE) CFO, Brian Grass, bought 5,000 shares, or nearly $500,000 worth, at $96.11-$96.16.
Plains GP (NASDAQ:PAGP) chairman & CEO, Willie Chiang, purchased 75,000 shares, or nearly $1M worth, at $13.247.
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