CFO Sam Eldessouky buys 4,000 BLCO shares at $17.13; cluster pattern shows 5 other insiders buying in 14 days
Eldessouky Sam, EVP and CFO, purchased 4,000 shares at $17.13, bringing his total holdings to 407,130 shares—a modest 1.0% increase in position size. The transaction is noteworthy because it is part of a cluster buy pattern: 5 other insiders also purchased shares within the past 14 days. While Bausch & Lomb reported $1,281,000,000 in latest quarterly revenue and 6.5% annual revenue growth, the company remains unprofitable with $-28,000,000 in net income for its most recent full fiscal year. The concurrent buying activity by multiple insiders at current prices ($17.12, near the 52-week high of $18.60) merits attention as a potential signal of leadership's directional view, though it occurs during a period of negative earnings.