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 a significant open-market purchase on September 8, disclosing he bought 54,325 shares at $75.65 apiece. The transaction totalled $4.1 million.
The trade is discretionary. It carries no 10b5-1 plan designation, making it a stronger signal of personal conviction. Uber's share price is down 16% year-to-date, and analysts currently see 47% upside to their consensus target. The COO's buy lands as the stock sits near the lower end of its trading range.
Outside the US, Turkish industrial valve maker BURVA saw a split in opinion at the top. An asset manager filed a sell of $13.6 million worth of shares on September 7, the same day Chairman Umit Gumus filed a purchase of $12.9 million at 585 Turkish lira per share. The chairman buying as an institutional holder exits is a notable divergence worth watching.
Elsewhere, JPMorgan Chase filed as a 5% owner across several Hong Kong-listed names, cutting positions in Kingdee International and by $85 million and $71 million respectively on September 2. These are passive ownership threshold filings, not directional calls; carry that caveat.
The freshest data in the vendor table is dated September 8, so more recent US EDGAR filings are not yet reflected.
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.
