Fresh filings reveal a wave of insider selling at two well-known US companies, with the biggest exit coming from a chip-equipment giant.
Applied Materials CEO Gary Dickerson filed $55.5M in sales last week, with trades executed on June 29-30. He sold over 78,000 shares at prices between $700 and $736 each. The filings landed July 1. That is a large exit from the head of one of the world's biggest semiconductor equipment makers.
Over at Atlanticus Holdings, the sell-off is even more notable for its breadth. Five insiders filed sales in the past week. CEO Jeffrey Howard sold $2.1M worth. CFO William McCamey sold another $2.1M. Founder and Executive Chairman David Hanna sold over $2.5M. All trades were made around $103-$109 per share. When the CEO, CFO, and founder all sell within days of each other, markets pay attention.
Elsewhere, Alibaba President J. Michael Evans filed a $65.8M sale on July 1. He sold nearly 693,000 shares at $94.92 on June 29.
On the buy side, Hartree Partners built a fresh stake in refrigerant company Hudson Technologies. The firm spent over $4.5M across three days, buying shares at under $6. That is a clear vote of confidence in a beaten-down name.
This is not financial advice.
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.
