Insider filings this week reveal a clear pattern: selling at the top. Best Buy founder Richard Schulze filed disclosures on June 26, showing he sold $32.7M in BBY stock across two days. The trades came as shares sit near multi-month highs.
Comfort Systems Chairman Franklin Myers filed a $13.1M sale of FIX shares at $1,954 each. The stock has nearly tripled over the past two years. Powell Industries Chairman Emeritus Thomas Powell also booked $10M in POWL sales, filed June 26.
Broadcom Chief Legal Officer Mark Brazeal filed a $9.7M sale in AVGO on June 29. Mexican billionaire Carlos Slim filed two separate sales in PBF Energy totalling over $17M, reported June 29.
On the buy side, media mogul John Malone filed a $5.5M purchase in LILA (Liberty Latin America) on June 24. He paid roughly $4.98 per share — a contrarian bet on a stock that has struggled.
Globally, the Kingboard family holdings group filed over $1.27B in combined sales across Kingboard Holdings shares last week. That is one of the largest insider disposal clusters seen recently.
The dominant theme this week: executives and founders locking in gains. Buyers are rare and notable.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
