Insiders Flee Argan as Avocado Stock Gets Bought

Filings from this past week reveal a striking split: insiders at AGX are cashing out heavily, while buyers have clustered at AVO.

At Argan, a power plant construction firm, five senior insiders filed sales this week. Chairman William Griffin sold 50,000 shares for $32.2M — filed June 16. CEO David Watson followed with a $6.5M sale. The CFO, two independent directors, and a board member also sold. Combined, the cluster liquidated over $42M in stock across just four days. That level of coordinated selling at any company is rare and worth watching.

On the buying side, AVO — Mission Produce, the fresh avocado distributor — saw director Bruce Taylor file $6.8M in purchases between June 15–17. A second director, Jay Pack, added another $883K. Taylor bought more than 600,000 shares in total at around $11.27 each. Insiders rarely put that much personal capital into a stock without conviction.

Elsewhere, RKLB General Counsel Arjun Kampani filed a $9.5M sale on June 18. KLIC CFO Lester Wong filed a $7.3M sale the same day. Both are in companies that have seen strong share price runs recently, suggesting executives may be locking in gains.

The WMT Walton family trust also filed $533M in Walmart sales over two transactions last week — routine for the family, but still the largest single disclosed block of the period.

This article is not financial advice.