Masimo Corp (MASI, +1, May 31st)
Joe Kiani (Chair and CEO; founder in 1989) purchased 6,365 shares on May 25th, spending $1 million. The purchase just inches his holdings higher to 3.8 million shares (7.2% of the company) but follows purchases in November and December 2022 at $125 and $145, respectively.
Prior to that, you need to go back 11 years to 2012 when he bought shares at $18. He has made just 6 prior purchases, has a very good record with an average +20% six-month return and qualifies as a “Smart Buyer”.
We are ranking the stock +1.
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