C-Suite Dumps $80M in Chip Stocks

Applied Materials insiders filed a wave of sales last week. CEO Gary Dickerson sold over $33M in shares across two days on June 15–16. The company's CTO, Independent Chairman, and a Senior Vice President also sold. Together, four executives unloaded more than $80M at prices around $590–$600 per share.

The cluster of sales was filed on June 17. All trades hit at near-identical prices, suggesting coordinated plan-based selling. Still, the scale is notable: five separate insiders cashing out within 48 hours is a rare pattern.

Power plant developer Argan saw an equally broad sell-off. Chairman William Griffin filed a $32M sale on June 16, trading at $643 per share. CEO David Watson filed the same day, selling nearly $6.5M worth. Two independent directors and the CFO added further sales. Total disclosed exits topped $42M across six insiders.

Walmart also drew attention. The Walton Family Holdings Trust filed two separate sales totalling over $532M on June 18. Trades occurred on June 16 at around $121 per share — a large but not unusual move for the controlling family.

Across all three names, the week's filings leaned heavily toward selling. No major purchases from C-level executives were reported in the same period.

This is not financial advice.