COO Bets $5M on Uber as Insiders Signal Confidence

UBER President and COO Andrew Gordon MacDonald put $5.3 million of his own money into the company's stock in early September. Filings disclosed September 8 show he made two separate open-market purchases. The larger trade was 54,325 shares at roughly $75.6 each, worth $4.1 million. A second buy added 15,675 more shares for $1.2 million. These were discretionary purchases — no 10b5-1 pre-arranged plan was declared, making them a strong signal of executive confidence.

Uber's market cap sits at around $141 billion. Short interest is a modest 2.2% of free float, suggesting limited bearish conviction from the market at large.

Two directors at HELP Cybin Inc. also bought shares in early September. Eric So paid $1.2 million for 100,000 shares on September 4. Paul Glavine followed with a near-identical $1.18 million purchase the next day. Both filings were reported September 8. Paired director buys at a $920 million biotech are worth watching.

Elsewhere, Hong Kong-listed Shenzhou International saw its Executive Chairman Ma Jianrong pile in with three consecutive buys totalling over $25 million between September 2 and 4. That is a rare show of conviction at that size from a company's own top executive.

All trades are as reported to regulators on their respective filing dates.