A venture capital backer of TTAN has been relentlessly dumping shares. Bessemer Venture Partners filed $111M in sales over the past three weeks. The firm sold at prices ranging from $68 to $80 per share. It shows no sign of stopping — fresh filings appeared as recently as July 16.
At AVGO, the Chief Legal Officer Mark Brazeal filed over $29M in stock sales this month. He sold 25,000 shares in each of three separate transactions. Prices ranged from $387 to $401. Two independent directors also filed smaller sales in the same period.
The Walton family made the biggest US splash. The Walton Family Holdings Trust filed $536M in WMT sales on June 18. All trades occurred on June 16 at around $121 per share. The trust sold nearly 4.4 million shares in total.
On the buying side, Kingboard Holdings saw six insiders sell over $2.3B in stock during the past month. That is a striking cluster of selling from a single company. Meanwhile, JPMorgan filed $452M in purchases of Kuaishou Technology between July 10 and 15, crossing the 5% ownership threshold.
This article is not financial advice.
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