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- By Shuda Xia
The largest insider buys this week were in Exxon Mobil Corp. (NYSE:XOM), Danaher Corp. (NYSE:DHR), Lowe's Companies Inc. (NYSE:LOW) and Crown Castle International Corp. (NYSE:CCI).
Exxon Mobil director bought 177,000 shares
Director Jeffrey W. Ubben bought 177,000 shares of Exxon Mobil (NYSE:XOM) on March 2 for an average price of $56.26. The share price has risen 8.3% since then.
Exxon Mobil is an international oil and gas corporation. The company is the largest direct descendant of John D. Rockefeller's Standard Oil Company and its largest brands include Exxon, Mobil, Esso and ExxonMobil Chemical. The company has a market capitalization of $257.95 billion; as of March 5, it traded at $60.93.
On March 1, Exxon Mobil announced the current [resident of ExxonMobil Global Projects Company, Neil Duffin, has announced his retirement after 41 years with the company. His retirement will be effective April 1. The board of directors has elected Jon Gibbs, currently senior vice president, as its president. Gibbs joined the company in 1993 as an engineer and was named lead country manager for Indonesia in 2013. He was appointed president of ExxonMobil Global Services Company in 2019.
Danaher chairman of executive committee bought 6,600 shares
Mitchell P. Rales bought 6,600 shares of Danaher (NYSE:DHR) on Feb. 26 for an average price of $221.55. The stock has lost 1.44% since then.
Danaher is a diversified conglomerate that focuses on designing, manufacturing and marketing professional, medical, industrial and commercial products and services. The company has three segments: Life Sciences, Diagnostics and Environmental & Applied Solutions. The company is a component of the S&P 100. The company has a market capitalization of $155.51 billion; as of March 5, it traded at $218.35.
On Feb. 23, Danaher's board of directors approved a regular quarterly cash dividend of 21 cents per share. The dividend will be payable on April 30 to shareholders of record at the close of business on March 26.
Lowe's Companies director bought 6,250 shares
Director David H. Batchelder bought 6,250 shares of Lowe's (NYSE:LOW) on Feb. 26 for an average price of $159.48. Since then, the share price has fallen 0.56%.
Lowe's Companies is a retail company that specializes in home improvement products and services. The company operates a chain of retail stores in the U.S., Canada and Mexico. The company has a market capitalization of $115.92 billion; as of March 5, it traded at $158.58.