Two very different insider signals emerged this week. Elevance Health's CEO stepped up with a major purchase. Meanwhile, a venture backer of ServiceTitan has been selling relentlessly.
Elevance Health's CEO buys the bottom. ELV CEO Gail Boudreaux filed on July 17 that she bought roughly 2,725 shares worth over $1M at around $367. Board Chairman Ramiro Peru also filed a $366K purchase on the same day. Two senior figures buying on the same date is a rare cluster. Elevance shares have been under pressure this year amid health insurance sector headwinds. The CEO putting her own money in at this level sends a direct confidence signal.
Bessemer dumps $33M in ServiceTitan. TTAN has seen Bessemer Venture Partners — a 10% board-level owner — file sales on six consecutive trading days. The filings disclosed between July 10–16 show over $33M in stock sold at prices ranging from $78 to $81. Bessemer has been an investor since early-stage. This looks like a systematic VC exit following the company's recent IPO lockup expiration.
Broadcom CLO sells $10M. AVGO Chief Legal Officer Mark Brazeal filed a $10M sale on July 14. The trade was executed at $401 per share. Morgan Stanley also saw two senior executives — CFO Sharon Yeshaya and Head of Division Michael Pizzi — file combined sales of over $5.7M in stock this week.
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.
