Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Activist fund Corvex Management has filed disclosures showing it sold roughly $215 million worth of ILMN stock between May and early September. The bulk of the sales landed in late August and early September, with filings dated September 4. Corvex held a board seat at Illumina, making these discretionary sells a notable signal rather than routine housekeeping. Illumina's short interest sits at 5.8% of free float, modest by sector standards, suggesting the market has not yet priced in the activist's exit.
Contrast that with UBER, where President and COO Andrew MacDonald filed purchases of 70,000 shares on September 8, spending just over $5.3 million at prices around $75 to $76. Open-market buys by a company president carry real weight. Uber's short interest is just 2.4% of free float, and the stock commands a $145 billion market cap.
At PBF Energy, billionaire Carlos Slim Helú has been steadily cutting his stake. His cumulative sales since late June total $206 million across 3.5 million shares, per the latest filings.
NMIH CEO Adam Pollitzer filed a $7.7 million open-market sale on September 4. The company's CFO and chief risk officer also sold in August, forming a cluster of C-suite selling at NMI Holdings worth watching.
With GM reporting October 20 and TSLA on October 21, ORTEX Alt Data shows German car registrations running 133% and 269% above year-earlier levels respectively, a dataset that has historically led revenue by two to six weeks.
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.
