GuruFocus - Brent Saunders, CEO and Chairman of the Board at Bausch & Lomb Corp (NYSE:BLCO), purchased 32,250 shares of the company on August 5, 2024. The transaction was filed with the SEC and indicates a strong signal of confidence from the insider. Following this acquisition, the insider now owns 627,419 shares of Bausch & Lomb Corp.
Bausch & Lomb Corp is primarily engaged in the development, manufacture, and marketing of a range of pharmaceutical, medical device, and over-the-counter products, particularly in eye health.
The shares were bought at a price of $15.66 each, valuing the transaction at approximately $504,819. This purchase aligns with the only insider buy recorded over the past year, with no insider sales reported during the same period.
Currently, the market cap of Bausch & Lomb Corp stands at approximately $5.37 billion. The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are accessible for further details. Additionally, the GF Value provides a unique insight into the stock's fair value, considering historical multiples, adjusted for growth and other factors.
This insider buying activity might be of interest to investors looking for signals of confidence from company executives, especially in the context of the company's current stock valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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