Hedge fund Pentwater Capital filed to have dumped over $1.1 billion in CAR shares. The trades took place on April 22–23. Filings hit regulators on April 28. Pentwater is a 10% owner and executed more than a dozen separate block sales at prices around $620 per share.
Also exiting a major position, private equity firm AE Industrial Partners filed the sale of $232 million in RDW stock. The 21.4 million shares were sold on April 22. The filing appeared four days later.
On the buying side, the picture looks more optimistic. CHTR CEO Christopher Winfrey bought nearly $600,000 in Charter Communications stock on April 28. He was joined by director Wade Davis, who added ~$1 million on the same day. A third director also stepped in. Three insiders buying on the same date is a notable cluster of conviction.
ABT also saw two insiders add shares. Director Daniel Starks bought $927,000 on April 27. Abbott's CFO Philip Boudreau added $201,000 just days earlier.
At WASH, Washington Trust Bancorp's CEO and CFO both filed purchases this week. The CEO, Edward Handy III, bought alongside two senior executives totalling over combined.
SUNE disclosed fresh buys from its SVP and COO — filed May 1 — covering trades from April 14. The pair spent nearly $1.2 million combined on the small solar energy firm.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
