Slim Exits PBF as Insiders Cash Out

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.