Insiders Sell Big, Buyers Emerge in Finance

Corporate insiders filed a wave of notable trades this past week, with sellers dominating the headlines.

Charles Schwab's founder and Co-Chairman, Charles R. Schwab, filed disclosures showing he sold over $15M worth of SCHW shares across two transactions on July 28-29. The stock has been trading above $105. That's a significant exit from the man who built the firm.

CFG CEO Bruce Van Saun filed a $9.3M sale of Citizens Financial Group shares, dumping 129,369 shares at $72.07 each. The filing landed on July 28.

On the sell side, an investment firm slashed its position in VSXY — Victoria's Secret — by nearly $97M across three separate filings in recent days. The trades ranged from $88 to $90 per share.

Buyers are active too. A board-affiliated fund filed repeated purchases in GSHD — Goosehead Insurance — totalling over $8.6M. The buys were clustered between July 24-27, a sign of conviction at current price levels.

ACI Albertsons executive Thomas Moriarty filed a $1.96M purchase on July 28, picking up 170,500 shares at $11.51. That's notable given the supermarket giant's ongoing strategic uncertainty.

Carlos Slim, the billionaire investor, filed $14M in sales of PBF Energy shares — two tranches of $7.7M and $6.4M — filed on July 22.

This is not financial advice.