Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
UBER President and COO Andrew MacDonald filed on September 8 showing he bought $4.1 million of shares on September 4. The purchase, covering 54,325 shares at roughly $75.65 each, was a discretionary open-market buy with no 10b5-1 plan attached. That makes it a genuine vote of confidence from one of the ride-hailing company's most senior operators.
The filing landed as US nonfarm payrolls hit 159 million in September, the largest September reading on record since 1997, according to ORTEX Alt Data. Average hourly earnings also set a September record at $37.81. A strong labour market typically supports consumer spending on mobility, which is useful context for anyone watching Uber's booking trends.
In Hong Kong, three insiders at Xinyi Glass filed purchases in early September totalling $7.3 million, a cluster that often carries more weight than a single buyer acting alone.
On the sell side, JPMorgan filed reductions across several Hong Kong positions on September 8. The bank cut exposure to Kingdee International Software, Sunny Optical Technology, and Shenzhou International, trimming stakes worth $85 million, $71 million, and $20 million respectively. These filings reflect portfolio rebalancing by a 5% institutional owner rather than C-suite conviction.
In Turkey, the chairman of Burcеlik Vana bought $12.9 million of stock on September 7, even as an asset manager sold $13.6 million on the same day. The crossing trades suggest a change of hands at the top of the register rather than a clean directional signal.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
