Carlos Slim has been quietly selling PBF Energy stock for weeks. The Mexican billionaire filed this week, disclosing he sold 220,000 shares on July 20 alone. That's $14.1M unloaded in a single day. His total PBF disposals over the past month now exceed $100M. He still holds around 13% of the company.
The selling started at $46 per share in late June. He continued at $64 this week. That's a 39% price rise over which he's been steadily trimming. PBF is a US oil refiner. Refining margins have been volatile this year.
On the biotech side, Liquidia board-linked investor Stephen Bloch filed a $6M sale on July 22. It's the latest in a string of disposals. He has sold more than $14M worth of shares since late June. LQDA shares trade near $80, up sharply over the past year.
In Sweden, investment firm Lundbergföretagen spent $35M buying Sandvik shares this week. It also added $43M to its stake in Svenska Handelsbanken. Those are rare, large commitments from a passive long-term holder.
Meanwhile, the Uniqlo founder Tadashi Yanai filed sales of Fast Retailing stock worth $208M across three days. That's one of the biggest executive disposals filed globally 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.
