Applied Materials Insiders Dump $87M in Stock

Five insiders at AMAT filed sales totalling over $87 million last week. CEO Gary Dickerson alone filed more than $39 million in sales across multiple transactions. He reported selling shares at prices between $590 and $597.

The filings hit on June 17. The Chairman of the Board, a division president, and a Senior VP all filed sales on the same days. That level of coordinated selling at a chip-equipment giant is hard to ignore.

At DVA, CEO Javier Rodriguez filed $14.5 million in sales. Two separate transactions were reported on June 17. The kidney-care company's stock trades near $209.

Not all the news points one way. An independent director at AVO, Mission Produce, filed a $3.4 million purchase of 300,000 shares at $11.29. That is a notable bet on an avocado distributor that has struggled to regain traction.

Elsewhere, the Walton family trust filed a $467 million sale of WMT shares on June 18. The price was around $121. A second filing the same day added another $66 million in Walmart sales.

BBY founder Richard Schulze filed a $6 million sale of Best Buy stock on June 17, at roughly $78 per share.