The most notable discretionary insider move filed September 8 came from UBER. President and COO Andrew MacDonald filed a purchase of 54,325 shares at roughly $75.65 each. That's $4.1 million of open-market buying. MacDonald put real money behind the stock — this was no option exercise or grant.
Uber's short interest sits at just 2.1% of free float. Bears are not crowded here. A C-level spending $4M of personal capital reads as genuine confidence.
Across the Pacific, JPMorgan Chase filed disclosure of heavy trimming in Chinese technology names on September 2. The bank sold roughly $85M worth of Kingdee International Software and $71M of Sunny Optical Technology, both filed on September 8. In contrast, JPMorgan added $27M to Huaneng Power International — a shift toward utilities and away from software and optics. These are 5%-owner filings; the stakes are as-last-disclosed and positions may have since moved.
In Turkey, a striking split appeared at industrial valve maker Bürçelik Vana. Asset manager Bulls Portföy sold $13.6M worth of shares on September 7. On the same day, Chairman Umit Gumus bought $12.9M worth personally. Two large parties, opposite directions, same date.
The Uber COO purchase stands out as the clearest conviction signal of the week.
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.
