Weekly Top Insider Buys Highlight for the Week of Sept. 22

The largest Insider Buys were for Sysco Corp. (SYY), OPKO Health Inc. (OPK), Cypress Semiconductor Corp. (CY), and United Continental Holdings Inc. (UAL).

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Sep 24, 2017
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The largest Insider Buys this week were for Sysco Corp. (SYY, Financial), OPKO Health Inc. (OPK, Financial), Cypress Semiconductor Corp. (CY, Financial), and United Continental Holdings Inc. (UAL, Financial).

Sysco Corp. (SYY, Financial): Director Fund Management, L.P. Trian Bought 1,779,122 Shares

Director Fund Management, L.P. Trian bought 1,779,122 shares of SYY stock on Sept. 19 at the average price of $53.68. The price of the stock has decreased by 0.58% since.

Sysco Corp. is an American international corporation involved in the marketing and distributing of food products to restaurants, healthcare and educational facilities, hotels, and other hospitality businesses. The company has more than 400,000 clients in a variety of fields and operates 170 facilities in the United States and Canada. The company has a market cap of $28.17 billion, and as of Sept. 22 it traded at $53.37.

On Sept. 15 Sysco Corp. announced that Sheila G. Talton has been elected to join the board of directors, expanding the size of the board to 15 members. Ms. Talton will stand for reelection at the company’s next Annual Meeting of Stockholders on Nov. 17. Ms. Talton currently serves as president and CEO of Gray Matter Analytics, a firm that provides strategy and technology consulting services in the financial services, healthcare, and technology business sectors.

OPKO Health Inc. (OPK, Financial): Sr. Vice President, CFO Adam Logal Bought 1,500 Shares

Sr. Vice President, CFO Adam Logal bought 1,500 shares of OPK stock on Sept. 15 at the average price of $6.03. The price of the stock has increased by 11.28% since.

OPKO Health Inc. is an American pharmaceutical and medical test company. The company is mainly focused on diagnostics and pharmaceuticals, but also develops treatments for secondary hyperparathyroidism. The company has recently finished the patient recruitment for a Phase III trial against insufficiency in Vitamin D. In 2014, it acquired Laboratorio Arama de Uruguay. The company has a market cap of $3.75 billion, and as of Sept. 22 it traded at $6.71.

On Aug. 8 OPKO Health Inc. reported financial results for the second quarter 2017 ended June 30. The company reported revenues of $314.2 million, compared to $357.1 million for the comparable 2016 period. The company also reported net losses of $17.5 million compared with net income of $15.5 million for the comparable 2016 period.

Cypress Semiconductor Corp. (CY, Financial): Director J. Daniel McCranie Bought 30,000 Shares

Director J. Daniel McCranie bought 30,000 shares of CY stock on Sept. 14 at the average price of $14.37. The price of the stock has decreased by 0.21% since.

Cypress Semiconductor Corp. is an American international semiconductor design and manufacturing company that specializes in NOR flash memories, F-RAM and SRAM Traveo microcontrollers, and PMIC Power Management ICs. The company has operations in the United States, Ireland, India, and the Philippines. The company has a market cap of $4.77 billion, and as of Sept. 22 it traded at $14.34.

On Sept. 6 Cypress Semiconductor Corp. announced the appoint of Catherine P. Lego to its board of directors. She will serve on the company’s Audit Committee. Ms. Legos has an established board record with public technology companies and more than a dozen private enterprises and currently serves on the boards of Lam Research Corporation and IPG Photonics Corporation.

United Continental Holdings Inc. (UAL, Financial): Director Edward Shapiro Bought 15,000 Shares

Director Edward Shapiro bought 15,000 shares of UAL stock on Sept. 15 at the average price of $59.87. The price of the stock has decreased by 1.79% since.

United Continental Holdings Inc. is an American international airline holding company that operates and owns United Airlines. The company is the world’s largest airline as measured by revenue passenger miles. The company has major operations in key airports across the United States including at the Chicago-O’Hare, Denver, Los Angeles, San Francisco, and Washington-Dulles airports. The company has a market cap of $17.89 billion, and as of Sept. 22 it traded at $58.80.

On Sept. 8 United Continental Holdings Inc. reported its August 2017 operational performance. The company’s consolidated traffic in revenue passenger miles increased 2.3% and consolidated capacity in available seat miles increased 2.4% versus August of 2016. The company’s August 2017 consolidated load factor decreased 0.2 points compared to August of 2016.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

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