Sellers Lead in Tech as Congress Adds Chips

Arista Networks and Dell Technologies sat atop the list of names with the highest insider selling volumes over the past month, according to ORTEX data. Dell has gained 212% year-to-date, a run that has given executives plenty of reason to trim. Arista is up 25% over the same period and is due to report Q3 results shortly.

AppLovin showed the most negative insider momentum among large-cap US names, with the stock down 66% year-to-date. That combination of heavy selling and a falling price is a pattern worth watching. Heavy selling by insiders as a stock declines can signal limited confidence in a near-term recovery.

On the buying side, Corebridge Financial and Rollins registered the strongest insider purchase flows over the past month. Both are mid-to-large cap names outside the technology sector.

On Capitol Hill, Rep. John J. McGuire III filed disclosures on November 1 showing purchases of Micron Technology shares on September 24, 25, and October 1. The trades are small in dollar terms but form a clear cluster. He also filed a partial sale of Broadcom on the same date. Congressional trades carry a political-access dimension that sets them apart from standard corporate insider activity.

Medline, the healthcare supplies group, recorded the heaviest single-name insider selling in the month. The stock is down nearly 20% year-to-date.