Intrexon CEO Made Big Open-Market Bets In May

Biotechnology company Intrexon Corp XON CEO Randal Kirk made five bundles of large purchases of the company's stock over the month of May.

Recent trades listed below, courtesy of GuruFocus:

• Kirk bought 330,180 shares of XON on May 30 at the average price of $4.75.
• Kirk bought 495,271 shares of XON on May 30 at the average price of $4.75.
• Kirk bought 273,367 shares of XON on May 24 at the average price of $4.69.
• Kirk bought 410,050 shares of XON on May 24 at the average price of $4.69.
• Kirk bought 422,423 shares of XON on May 21 at the average price of $4.65.

An executive buying shares could be a sign indicating Kirk has a strong conviction in the company, despite the stock trading at a loftier level. In contrast, when a stock hits a low point, an executive will consider unloading shares. Earlier this month, Overstock.com Inc OSTK took a dive after CEO Patrick Byrne sold 500,000 shares.

Intrexon's stock traded around $4.83 per share at time of publication Friday. Shares are up about 16 percent over the month.

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