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 two open-market purchases on 8 September, disclosing buys of 54,325 shares at $75.65 and 15,675 shares at $76.44. The combined value came to roughly $5.3 million. Both were discretionary purchases, with no 10b5-1 plan declared, making the signal notably stronger.
Open-market buys by a sitting COO are rare. Executives typically receive shares through grants and awards. Spending real cash on the stock, at market price, is a direct vote of confidence in the valuation.
Meanwhile, NetMarble Corporation, the main shareholder in Korean appliance group COWAY, filed four consecutive days of buying between 3 and 8 September, accumulating roughly $7.7 million worth of COWAY stock across the period. Clusters of daily purchases from a major holder often indicate deliberate stake-building ahead of a corporate action or governance push.
On the sell side, JPMorgan Chase disclosed $85 million of sales in Kingdee International Software and $71 million in Sunny Optical, both filed 8 September. These reflect the bank's movement as a 5% owner, not C-suite sentiment, and carry less directional weight.
The Uber buy stands out as the cleanest insider signal of the batch: a C-level executive paying above $75 with his own money.
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.
