© Reuters.
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:) 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 moved its rating to Sector Outperform from Sector Perform.
Earlier this month, the company 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:) director, Michael Pegram, bought 25,000 shares, or more than $1.1M worth, at $45.0173.
Earlier this month, the company its Q1 earnings, widely missing EPS estimates.
Shares closed the week with more than a 4% loss.
4 more insider trades
ADT (NYSE:) 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:) 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:) CFO, Brian Grass, bought 5,000 shares, or nearly $500,000 worth, at $96.11-$96.16.
Plains GP (NASDAQ:) chairman & CEO, Willie Chiang, purchased 75,000 shares, or nearly $1M worth, at $13.247.
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