Bill Gates filed this week to reveal he spent $435 million buying shares of RSG — Republic Services — between August 10 and August 21. The waste management giant attracted nearly 2 million shares worth of purchases from the billionaire. It is one of the largest disclosed insider buy clusters of the year so far.
On the sell side, filings paint a very different picture. Ronda Stryker, a director at SYK, filed to disclose she sold over $81 million in Stryker Corporation stock on August 18 alone. The two tranches — $44M and $36.8M — were executed at around $336 per share.
Corpay CEO Ron Clarke also filed yesterday. He sold $20.8 million in shares at $412.59, a notable exit by the company's own chairman and chief executive.
At Illumina, activist fund Corvex Management — which holds a board seat — filed multiple sell transactions totalling over $84 million this week. Corvex sold between $203 and $219 per share across four separate days. That sustained selling pressure from a board-level holder is worth watching.
Meanwhile, VC backer DST Global filed to show it sold more than $149 million in Chime Financial stock since the fintech's recent listing. The heavy post-IPO selling by a major early backer signals profit-taking at scale.
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.
