Weekly CEO Buys Highlight

Details the CEO buys this past week for the following companies: Continental Resources, Equifax, Sohu.com, Crown Holdings and 8x8

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Jun 04, 2018
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Continental Resources CEO bought 136,000 shares

Continental Resources Inc. (CLR, Financial) CEO, Chairman and 10% owner Harold Hamm bought 136,000 shares on May 29 at a price of $65.30. The price of the stock has increased by 4.4% since.

Continental Resources is an independent crude oil and natural gas exploration and production company, and it operates primarily in the Williston Basin and in southern Oklahoma. The company has a market cap of $25.35 billion. Its shares traded at $68.17 with a price-earnings (P/E) ratio of 32.31 as of June 1.

Net income for the first quarter of 2018 was $233.95 million compared to $469,000 for the prior-year period.

Senior Vice President and Chief Financial Officer John D. Hart sold 5,000 shares on May 15 at a price of $68.5 and 10,000 shares on May 22 at a price of $69.6. The price of the stock has decreased by 2.05% since.

Senior Vice President, Chief Risk Officer, General Counsel and Secretary Eric Spencer Eissenstat sold 10,000 shares on May 22 at a price of $69.50. The price of the stock has decreased by 1.91% since.

Director Ellis L. McCain sold 2,222 shares on May 7 at a price of $66.37 and 4,444 shares on May 15 at a price of $67.67. The price of the stock has increased by 0.74% since.

Director Richard Lawrence Gillis Hood sold 6,200 shares on May 14 at a price of $4.9.

Director John T. Mcnabb II sold 3,000 shares on May 10 at a price of $68.36. The price of the stock has decreased by 0.28% since.

Equifax CEO bought 8,700 shares

Equifax Inc. (EFX, Financial) CEO Mark W. Begor bought 8,700 shares on May 25 at a price of $115.01. The price of the stock has decreased by 0.63% since.

Equifax provides information solutions and human resources business process outsourcing services for businesses, governments and consumers. It also provides database management, fraud detection, marketing, business credit and analytical services. The company has a market cap of $13.75 billion. Its shares traded at $114.29 with a price-earnings (P/E) ratio of 23.66 as of June 1.

Net income for the first quarter of 2018 was $90.9 million compared to $153.3 million for the first quarter of 2017.

Sohu.com CEO bought 20,000 shares

Sohu.com Inc. (SOHU, Financial) CEO and 10% Owner Charles Zhang bought 20,000 shares on May 24 at a price of $37.11. The price of the stock has increased by 1.89% since.

Sohu.com is a Chinese online media, search and game service group. It provides comprehensive online products and services on PCs and mobile devices in the People's Republic of China. The company has a market cap of $1.47 billion. Its shares traded at $37.81 as of June 1.

Net loss for the first quarter of 2018 was $93 million compared to $69 million in the first quarter of 2017.

Zhang bought 20,000 shares on May 17 at a price of $36.78; 30,000 shares on May 18 at a price of $36.23; 10,000 shares on May 21 at a price of $36.93; 20,000 shares on May 23 at a price of $36.54. The price of the stock has increased by 3.48% since.

10% owner Group Ltd. Photon bought 20,000 shares on May 17 at a price of $36.78; 30,000 shares on May 18 at a price of $36.23; 10,000 shares on May 21 at a price of $36.93; 20,000 shares on May 23 at a price of $36.54; and 20,000 shares on May 24 at a price of $37.11. The price of the stock has increased by 1.89% since.

Crown Holdings CEO bought 10,000 shares

Crown Holdings Inc. (CCK, Financial) President and CEO Timothy J. Donahue bought 10,000 shares on May 31 at a price of $43.25. The price of the stock has increased by 1.09% since.

Crown Holdings is one of the world's largest producer of metal packaging products. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans and operates mainly in the U.S. and Europe. The company has a market cap of $5.87 billion. Its shares traded at $43.72 with a price-earnings (P/E) ratio of 18.37 as of June 1.

Net income attributable to Crown Holdings in the first quarter was $90 million compared to $107 million in the first quarter of 2017.

8x8 CEO bought 7,700 shares

8x8 Inc. (EGHT, Financial) CEO Vikram Verma bought 7,700 shares on May 30 at a price of $18.21. The price of the stock has increased by 5.16% since.

8x8 is a technology company. It provides cloud-based, enterprise-class software solutions that transform the way businesses communicate and collaborate globally. The company operates through two segments: America and Europe. The company has a market cap of $1.77 billion. Its shares traded at $19.15 as of June 1.

Net loss for the fourth quarter of 2017 was $88.52 million compared to $1.33 million for the fourth quarter of 2016.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.