ACS Boss Buys $92M in His Own Stock

ACS, Actividades de Construcción y Servicios, S.A. Chairman and CEO Florentino Perez has been on a buying spree. He filed eight separate purchases of ACS shares between July 29 and August 7. Total cost: over $92 million.

Perez picked up 730,000 shares across the run. Filings hit regulators on August 3 and August 10. That kind of concentrated, repeated buying from a company's own CEO is a strong signal of confidence.

He's not alone in making headlines. Fast Retailing founder and CEO Tadashi Yanai sold over $207 million worth of 9983 shares across three days in July. The trades were reported on July 22.

On the sell side, EHC — Encompass Health — CEO Mark Tarr filed a $21.5 million sale on August 11. CAKE founder David Overton sold $10 million in Cheesecake Factory stock, filed August 6. JNJ CEO Joaquin Duato sold $10.8 million in Johnson & Johnson shares, reported August 7.

NXT CEO Simon Wolfson sold £23.5 million in NEXT shares on August 5, with the filing landing August 7.

The ACS buying pattern stands out. Eight trades in ten days, all by the same executive, adds up to one of the largest CEO buying clusters filed this month globally.

This is not financial advice.