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 Gordon MacDonald filed on September 8, disclosing a $4.1 million open-market purchase of 54,325 shares on September 4. That is a discretionary buy, not a grant or exercise, making it one of the more meaningful C-suite signals filed in recent weeks.
MacDonald paid roughly $75.60 per share. Buying from personal funds at that level signals genuine confidence in the company's direction. No 10b5-1 pre-arranged plan was attached to the filing, adding weight to the trade.
Elsewhere, Turkish industrial firm Burçelik Vana saw its chairman, Umit Gumus, file a $12.9 million purchase on the same date, September 8. The buy came the same day that asset manager Bulls Portfoy sold $13.6 million worth of the same stock. Chairman buying while a fund exits is a notable split in conviction.
JPMorgan Chase filed disclosures on September 8 covering a sweep of Hong Kong-listed positions it held as a 5% owner. The bank reported selling $84.9 million in Kingdee International Software and $70.8 million in Sunny Optical Technology, while buying $26.9 million in Huaneng Power International. The sales reflect a shift away from Chinese tech toward utilities.
The broader US jobs backdrop may matter here. US nonfarm payrolls reached 159,044 thousand in September 2026, the largest September reading on record since 1997, according to ORTEX alt data. A strong labour market can support consumer spending, which in turn benefits platform businesses like Uber.
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.
