Executives Cash Out as Buyers Stay Quiet

A wave of insider selling hit filings this week. General Motors CEO Mary Barra filed yesterday, disclosing she sold 54,866 shares on July 27. The sale totalled $4.7 million at $85.32 per share. Two other GM insiders — a divisional president and the Chief Accounting Officer — also filed sales the same day. That cluster of three executives selling in unison is worth watching.

Tenet Healthcare saw a similar pattern. Three insiders filed sales on July 28. The CIO sold $2.7 million worth of shares. An independent director followed with a $1.2 million sale. A second director sold nearly $935,000. All three trades happened on the same day, July 27.

Intuitive Machines drew the week's biggest single filing. Private equity firm Advent International disclosed a $147.6 million block sale on July 29. They offloaded over 11.4 million shares at $12.84 each. That's a major PE exit from a space-sector name.

Victoria's Secret also saw a large institutional exit. Investment firm BBRC International filed $64 million in sales on July 29. The trades took place July 28 at around $89 per share.

On the buy side, activity was sparse. Ameriprise Financial EVP William Williams sold nearly $6 million across two days — no offsetting purchases were reported at the firm.

The broad tone this week skews heavily toward selling. Buyers above the $1 million threshold were nearly absent in recent filings.