A wave of executive selling hit US stocks last week. The filings reveal heavy selling from the top, with one airline and a major bank standing out.
SKYW — SkyWest — saw the biggest cluster. CEO Russell Childs filed sales of over $5.2M in shares on July 30. CFO Robert Simmons followed with another $1.6M filed July 31. EVP Greg Wooley added $1.9M in sales the same day. Three senior executives cashed out in the space of 48 hours.
At BNY — Bank of New York Mellon — CFO Dermot McDonogh filed four separate sell transactions on July 31. Combined value topped $4.9M. All trades were executed on July 29.
CVE — Cenovus Energy — CEO Jonathan McKenzie filed a $9M sale on July 31. He sold 300,000 shares on the same day. That's the biggest single C-suite disposal in the US filing batch.
THC — Tenet Healthcare — COO Lisa Foo filed a $2.6M sale July 31. UAL COO Toby Enqvist filed a $2.4M disposal a few days earlier.
On the buying side, German tech company — Nagarro SE — saw its supervisory board chairman buy $28.6M worth of shares. That's a rare and large vote of confidence from leadership.
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.
