- By Shuda Xia
The largest Insider Buys this week were for Schlumberger Ltd. (SLB), Micron Technology Inc. (MU), Southwest Airlines Co. (LUV) and Apache Corp. (APA).
Schlumberger Ltd. (SLB): Director Michael E. Marks bought 8,000 shares
Director Michael E Marks bought 8,000 shares of SLB stock on Aug. 11 at the average price of $64.2. The price of the stock has decreased by 1.37% since.
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Warning! GuruFocus has detected 6 Warning Signs with SLB. Click here to check it out.
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The intrinsic value of SLB
Schlumberger Ltd. is the world's largest oilfield services company that employs more than 100,000 people in more than 85 countries. The company was founded in France, but has principal executive offices in all over the world, including in Paris, France, Houston, U.S., London, U.K., The Hague, Netherlands and Willemstad, Curacao. The company has a market cap of $87.67 billion and as of August 18 it traded at $63.32.
On July 21 Schlumberger Ltd. reported financial results for the second quarter of 2017. The company reported revenues of $7.462 billion compared to $7.164 billion same quarter 2016. Furthermore, the company also reported a diluted loss per share of $0.05 compared to losses of $1.56 same quarter last year. The company reported a net income loss of $74 million compared to $2.16 billion same quarter last year.
Micron Technology Inc. (MU): Senior Vice President and CFO Ernest E. Maddock bought 3,400 shares
Senior Vice President and CFO Ernest E. Maddock bought 3,400 shares of MU stock on Aug. 11 at the average price of $27.89. The price of the stock has increased by 8.93% since.
Micron Technology Inc. is an American international computer hardware company that produces many forms of semiconductor devices, including RAM, flash memory and solid state drives. Its consumer products are marked under the brands Crucial Technology and Lexar. The company also collaborated with Intel to create IM Flash Technologies, which produces NAND flash memory. The company has a market cap of $33.85 billion and as of August 18 it traded at $30.38.
On Aug. 14 Micron Technology Inc introduced Micron 9200 Series of NVMe Solid State Drives, the company's latest flagship performance solid state storage family. The new SSDs allows organizations to access data faster and meet surging data demands by combining the cost effective capacity of 3D NAND with the response time of NVM Express protocol.
Southwest Airlines Co. (LUV): Director Dr. William H. Cunningham bought 4,500 whares
Director Dr. William H. Cunningham bought 4,500 shares of LUV stock on Aug. 11 at the average price of $54. The price of the stock has decreased by 1.54% since.