business newsInsider Moves: Alexion CEO Sells
By
Bristol Voss Oct 02, 2012 12:40 pm
At the same time, Bill Gates buys shares of Republic Services.
PRINT
-
Stay Connected
-
-
-
-
MINYANVILLE ORIGINAL In a review of recent insider transactions filed with the SEC, we saw some items worth noting beyond yesterday's report that Warren Buffett purchased $30 million in DaVita (NYSE:DVA) stock.
Another famous name was a buyer: Bill Gates purchased nearly $10 million of "trash" in Republic Services (NYSE:RSG), a waste management collection company that also owns landfills.
On the selling side, Leonard Bell, CEO of Alexion Pharmaceuticals (NASDAQ:ALXN), unloaded over $16 million of company shares over two days in late September. The biopharmaceutical focuses on severe, ultra-rare disorders.
Southwestern Energy (NYSE:SWN) ex-CFO, Gregory D. Kerley, put over $8 million worth of stock in the natural gas and oil exploration company on the market, which made sense since he resigned from the company around the time of his sales.
A rather less explicable sale, albeit on a much smaller scale, involved In Media's (OTC:IMDC) Nitin Karnik. He made about 25 separate (but small) transactions over August and September, with the smallest at $25.88 for 75 shares and the largest at $14,726 for 39,800 shares of the tiny $22 million market cap, development-stage tech company. A serial entrepreneur, Karnik may be moving on. According to Macroaxis, the company has total return on assets of negative 358.57%, which means it has lost $358.67 for every $100 spent on assets.
Another famous name was a buyer: Bill Gates purchased nearly $10 million of "trash" in Republic Services (NYSE:RSG), a waste management collection company that also owns landfills.
On the selling side, Leonard Bell, CEO of Alexion Pharmaceuticals (NASDAQ:ALXN), unloaded over $16 million of company shares over two days in late September. The biopharmaceutical focuses on severe, ultra-rare disorders.
Southwestern Energy (NYSE:SWN) ex-CFO, Gregory D. Kerley, put over $8 million worth of stock in the natural gas and oil exploration company on the market, which made sense since he resigned from the company around the time of his sales.
A rather less explicable sale, albeit on a much smaller scale, involved In Media's (OTC:IMDC) Nitin Karnik. He made about 25 separate (but small) transactions over August and September, with the smallest at $25.88 for 75 shares and the largest at $14,726 for 39,800 shares of the tiny $22 million market cap, development-stage tech company. A serial entrepreneur, Karnik may be moving on. According to Macroaxis, the company has total return on assets of negative 358.57%, which means it has lost $358.67 for every $100 spent on assets.
No positions in stocks mentioned.
Daily Recap
Everything you need to know for the next trading day.
Trading Radar (weekly)
Your road map to all the events that will effect financial markets in the week ahead.
Name
Email
*
Phone
* required field
