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    A Pet Care CEO Just Bought About $500,000 of His Skyrocketing Stock

    Ian Cooper
    Wednesday, January 7, 20264 min read
    A Pet Care CEO Just Bought About $500,000 of His Skyrocketing Stock







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    If insiders are putting their money where their mouths are, pay close attention.

    After all, it’s the insiders that know their company the best. And if they’re willing to put down a good deal of money on it, it’s a clear sign they’re bullish on the future.

    Look at Elanco Animal Health (SYM: ELAN).

    Since bottoming out in April at around $8 a share, ELAN is now up to $22.30 and could rally even higher.  Most recently, CEO Jeffrey Simmons paid $478,500 to buy 22,000 shares on December 11 at an average price of $21.75 a share. The company, which was spun off from Eli Lilly in 2018, has been explosive thanks to key product launches, including chewable parasite preventative for dogs, as well as anti-itch medication.

    Americans spend big money on their pets. In 2024, the average household spent about $40 billion on vet care and pet medications alone.  

    By 2027, spending is expected to soar to $173 billion, as noted by Fortune. Americans will spend a total of $157 billion on their pets by the end of 2025; according to projections, U.S. pet spending will total almost $200 billion in 2030, as noted by Capital One Spending.

    Those are substantial catalysts for pet companies like ELAN.

    Bath & Body Works (SYM: BBWI).

    Bath & Body Works hasn’t had a great year.

    Since the start of the year, BBWI fell from about $40 to $14.28. Now back to $19.79, it’s showing some signs of life again after tanking on earnings.

    The good news is insiders are buying.  On November 21, director Lucy Brady bought just over 3,469 shares for $14.40 a share. Huntington Bancshares CEO Stephen Steinour bought 6,700 shares for $14.86 per share. Former Mastercard executive Francis Hondal bought 3,343 shares for about $15 per share. Hershey VP and CFO Steven Voskuil bought 20,000 shares for about $15.04 per share. 

    On November 24, Board Chair Sarah Nash picked up 10,000 shares for $15.58 per share. Signet Jewelers’ CEO James Symancyk bought 22,500 shares for about $15.58 per share.

    Fiserv (SYM: FISV)

    Just weeks ago, the stock gapped from about $130 to a recent low of about $60. Today, the oversold stock is still attempting to pivot higher.

    Helping, CFO Paul Todd just bought 17,000 shares for $1 million. Chief Administrative and Legal Officer Adam Rosman just bought 7,900 shares for $499,201. This was after the stock was sent screaming lower after the company cut its growth forecast and earnings outlook. The company also said its operations in Argentina would be hurt by poor economic conditions, which forced the stock below $100 for the first time since 2003, as noted by Barron’s.

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    Written by Ian Cooper

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