- By Shuda Xia
The largest Insider Buys this week were for PayPal Holdings Inc. (PYPL), ConocoPhillips Co. (COP), Coty Inc. (COTY), and CenturyLink Inc. (CTL).
PayPal Holdings Inc. (PYPL): Director Rodney C. Adkins bought 6,750 shares
Director Rodney C. Adkins bought 6,750 shares of PYPL stock on Dec. 8 at the average price of $74.04. The price of the stock has increased by 2.17% since.
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The intrinsic value of PYPL
PayPal Holdings Inc. is an American international company that operates a worldwide online payments system that serves as an electronic alternative to traditional payment methods such as checks and money orders. The company is one of the largest Internet payment companies and operates as a payment processor for online vendors, auction sites, and other commercial users. The company has a market cap of $90.92 billion, and as of Dec. 15 it traded at $75.65.
On Nov. 16 PayPal Holdings Inc. announced an agreement with Synchrony Financial to significantly expand their strategic consumer credit relationship. Under the terms of the agreement, Synchrony financial will acquire $6.8 billion in receivables, including PayPal"s U.S. consumer credit receivables portfolio. The two companies will also extend the existing co-brand consumer credit card program agreement.
ConocoPhillips Co. (COP): Director Charles E. Bunch bought 2,000 shares
Director Charles E. Bunch bought 2,000 shares of COP stock on Dec. 11 at the average price of $52.06. The price of the stock has increased by 0.21% since.
ConocoPhillips Co. is an American international energy corporation that holds the distinction of the world"s largest independent pure-play exploration and production company. The company is also part of the Fortune 500 and was created through the merger of American oil companies Conoco Inc. and Phillips Petroleum Co. in 2002. The company has a market cap of $62.37 billion, and as of Dec. 15 it traded at $52.17.
On Nov. 30 ConocoPhillips Co. and The National Fish and Wildlife Foundation announced $994,000 in grants to help improve priority habitats and advances innovative water projects in Alaska, Colorado, Idaho, Louisiana, Texas, and Wyoming. The grants will generate $1.9 million in matching contributions for a total amount of $2.9 million. The grants were awarded through ConocoPhillips SPIRIT of Conservation and Innovation Program.
Coty Inc. (COTY): President of Coty Luxury Edgar O. Huber bought 4,000 shares
President of Coty Luxury Edgar O. Huber bought 4,000 shares of COTY stock on Dec. 11 at the average price of $17.74. The price of the stock has increased by 11.5% since.