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Insider filings this week show a sharp split. Most C-suite executives are selling. One billionaire is buying — himself.
Bill Ackman opened his wallet for PS. He filed on May 4 that he bought nearly 660,000 shares of Pershing Square Inc. on April 30. The price: $23.88 per share. Total: $15.7 million. That is a loud vote of confidence in his own closed-end fund.
On the sell side, SCHW founder Charles Schwab filed three separate sales. He sold $15.4 million worth of Charles Schwab Corp shares across April 29–May 1. The trades came at prices between $90 and $92 per share.
CHEF Founder and CEO Christopher Pappas filed a $9.75 million sale on May 5. He unloaded 125,000 shares at $78. The Chefs' Warehouse has rallied sharply over the past year.
VIAV CEO Oleg Khaykin also filed a sale on May 6. He sold over 104,000 shares in Viavi Solutions for $5.7 million.
Meanwhile, cluster buying emerged at PATK. Five separate Patrick Industries insiders filed purchases on May 5. Combined value: $2.4 million. SRAD saw four insiders buy Sportradar shares, totalling $4.7 million over April 30–May 1.
Cluster buying from multiple insiders at once is often considered a stronger signal than a single executive's trade.
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.
