A hedge fund firestorm hit CAR this past week. Pentwater Capital Management, a 10% owner of Avis Budget Group, filed on April 28 showing it sold over $1.75 billion worth of stock across April 22–23. The sales spanned multiple tranches at prices ranging from $264 to $648 per share — a sign of aggressive, rapid liquidation.
CRWV also drew attention. Magnetar Financial, a 10% owner of CoreWeave, filed on April 24 disclosing it sold $410 million worth of shares between April 20–24. The AI infrastructure stock has been a Wall Street darling since its IPO. The timing — just weeks after listing — raises eyebrows.
Space tech firm RDW saw its PE backer AE Industrial Partners dump $282 million in stock across late April. Two separate filings surfaced, totalling over 26 million shares sold near $10.85 each.
Not everyone is selling. Toro Corp's CEO Petros Panagiotidis filed on April 24 showing he bought $14.3 million worth of TORO shares. That's a notable vote of confidence from a company's own chief executive.
URI CEO Matthew Flannery also filed a $22.4 million sale on April 24 — nearly 22,800 shares in United Rentals, signalling some executive profit-taking at the equipment rental giant.
This is not financial advice.
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