BUZZ-Elanco Animal Health jumps after CEO, CFO unveil stock purchases

Reuters12-16
BUZZ-<a href="https://laohu8.com/S/ELAT">Elanco Animal Health</a> jumps after CEO, CFO unveil stock purchases

** Pet vaccine maker Elanco's ELAN.N shares up 5% before the bell at $22.79 after senior officers disclosed stock buys

** CEO Jeffrey Simmons purchased 22,000 shares valued at nearly $480,000 and CFO Robert VanHimbergen bought roughly 7,000 shares worth about $150,000 on Dec 11, according to regulatory filings late Mon

** Following the transactions, Simmons directly owned 1.8 mln shares and indirectly owned 167,000 shares, while VanHimbergen's ownership boosted to about 124,000 shares, the filings show

** In addition, executive VP Rajeev Modi bought 4,500 shares valued at about $96,000 on Dec 11, taking his holdings to about 123,000 shares, per a filing

** Indianapolis, Indiana-based ELAN has about 496.9 mln shares outstanding

** At its investor day on Dec 9, ELAN forecasted innovation products rev of approx $1.1 bln in 2026

** Through Mon close, ELAN stock up 79% YTD

** 14 of 16 analysts rate the stock "strong buy" or "buy", 2 rate "hold"; their median PT is $25, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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