Insiders Sell Hard as APP Craters

ORTEX insider momentum data flags a wave of selling across large-cap US stocks over the past three months. AppLovin, Meta Platforms, Dell Technologies, The Charles Schwab Corporation, Datadog, and Quanta Services all score -100 on ORTEX's three-month insider momentum index. That is the lowest possible reading, meaning insiders have sold and not bought across the entire window.

AppLovin stands out most sharply. The stock has fallen 60% year-to-date, yet insider selling has not let up. The three-month momentum score sits at -100. Analysts still see 78% upside to their consensus target, but insiders are not backing that view with their own money.

Dell tells a different story. The stock is up 286% year-to-date, and insiders have used that rally to sell heavily. Both one-month and three-month momentum scores are pinned at -100. When insiders cash out into strength, it is worth noting.

Meta and Procter & Gamble also register -100 over three months. P&G is up 9% year-to-date. Meta has gained 6%.

On the buying side, European names dominate. GSK and AB Volvo lead the ORTEX insider momentum ranking for Europe over one month. Lennar and Corebridge Financial show the strongest recent buying signals among US names with market caps above $5bn.

Note: the ORTEX vendor insider database used here runs to September 8. More recent US Form 4 filings were unavailable in this environment.