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The largest Insider Buys this week were for JPMorgan Chase & Co. (NYSE:JPM), Chevron Corp. (NYSE:CVX), Netflix Inc. (NASDAQ:NFLX), and Enterprise Products Partners LP (NYSE:EPD).
JPMorgan Chase & Co. (NYSE:JPM): Director Mellody L. Hobson bought 18,200 shares
Director Mellody L. Hobson bought 18,200 shares of JPM stock on Aug. 8 at the average price of $109.91. The price of the stock has decreased by 0.15% since.
JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the United States. The company is also the world's third largest bank by total assets, totaling roughly $2.5 trillion. The company offers services in investment banking, asset management, private banking, and private wealth management. The company has a market capitalization of $350.89 billion, and as of Aug. 9 it traded at $109.74.
On Aug. 2 JPMorgan Chase & Co. announced that it will redeem all of the 88,000 outstanding shares of its 6.30% non-cumulative preferred stock, Series W, on September 1. The shares of Series W Preferred Stock are represented by 35,200,000 depositary shares which are currently traded on the New York Stock Exchange. The redemption per share for the Series W Preferred Stock will be $10,000, or $25 per depositary share.
Chevron Corp. (NYSE:CVX): Director Debra L. Reed bought 4,250 shares
Director Debra L. Reed bought 4,250 shares of CVX stock on Aug. 7 at the average price of $118.14. The price of the stock has increased by 3.62% since.
Chevron Corp. is an American international energy corporation that is active in more than 180 countries. The company is one of the successor companies of Standard Oil and focuses on the oil, natural gas, and geothermal energy industries. The company has a market capitalization of $232.4 billion, and as of Aug. 9 it traded at $122.42.
On July 31 Chevron Corp. announced that the company's Board of Directors has declared a quarterly dividend of $1.19 per share. The dividend will be payable on September 10 to shareholders of record at the close of business on August 19.
Netflix Inc. (NASDAQ:NFLX): Director Bradford L. Smith bought 6,499 shares
Director Bradford L. Smith bought 6,499 shares of NFLX stock on Aug. 8 at the average price of $308.49. The price of the stock has increased by 0.14% since.
Netflix Inc. is an American media services and production company. The company runs a subscription based streaming service which offers online streaming of a selection of films and television programs. The company also produces some media content on their own. The company has a market capitalization of $135.26 billion, and as of Aug. 9 it traded at $308.93.