Uber Technologies' President and COO Andrew Gordon MacDonald filed a significant open-market purchase this week. He bought roughly 70,000 shares for a combined $5.3 million, with the filing reported on September 8. That is a strong discretionary signal — no 10b5-1 plan was noted. UBER carries a $145 billion market cap and short interest sits at just 2.2% of free float.
Two directors at psychedelic medicine firm HELP (Cybin Inc.) also filed purchases last week. Eric So and Paul Glavine each bought 100,000 shares, combining for $2.4 million in total. The coordinated buying by multiple board members is notable. Cybin has a market cap near $984 million.
On the sell side, activist fund Corvex Management trimmed its position in ILMN (Illumina). Corvex sold around 100,650 shares worth roughly $22 million, filed September 4. Corvex holds a board seat. Illumina's short interest is 6.7% of free float.
In Hong Kong markets, Viva China Holdings — a holding company connected to Li Ning founder Li Ning himself — filed two separate buy tranches in sportswear firm Li Ning Company totalling nearly $64 million over two days. That level of founder-linked buying is hard to ignore.
This is not financial advice. Insider filings reflect transactions as disclosed; always verify independently.
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.
