Insiders Cash Out as AMAT CEO Leads $800M Week
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A wave of insider selling hit markets this week. Applied Materials stands out most. CEO Gary Dickerson filed multiple sell transactions on June 17. He offloaded roughly 66,000 shares across several trades. Total value: over $45M. He wasn't alone. The company's CTO, Chairman, and a divisional President all filed sales on the same days. Combined, AMAT insiders dumped more than $50M worth of stock in a coordinated flurry.
AST SpaceMobile CEO Abel Avellan filed yesterday disclosing a $146.7M sale. He sold 2.5 million shares at $58.68 on June 22. That's the largest C-suite sale of the week.
On the buying side, Summit Therapeutics Chairman and CEO Robert Duggan filed a $50M purchase on June 12. He bought 3.81 million shares at $13.12. That's a strong vote of confidence from the top executive.
An NVIDIA board director filed a $119M sale yesterday. Mark Stevens sold 565,615 shares at around $210 each. The trade was executed on June 18.
Walton family holdings also filed a $467M Walmart sell earlier this month. That trade dates back to June 16.
This is not financial advice. Insider transactions are disclosed for informational purposes only.
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- 24 Jun 2026, 20:10
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ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.