Fresh filings reveal a sharp split in executive sentiment. Quanta Services CEO Duke Austin disclosed on May 7 that he sold over $120 million worth of shares in a single day on May 5. The sale covered roughly 156,000 shares at prices around $770. Quanta's Chief Accounting Officer Paul Nobel also filed a $3 million sale from the same week.
On the buying side, the picture looks different. Upstart Holdings founder and Chairman Dave Girouard filed on May 8 that he purchased nearly $5 million in company stock on May 7 — paying roughly $29.37 per share. A chairman buying nearly five million dollars of his own stock is a strong show of personal conviction.
Also buying: former GE CEO Larry Culp, now an Independent Director at GE HealthCare, filed a $5 million purchase of GEHC shares at ~$61.88. Culp has a strong reputation for turning around industrial businesses.
Meanwhile, Viavi Solutions CEO Oleg Khaykin disclosed back-to-back sales totalling over $13 million across May 7 and May 8. Pool Corporation saw its Non-Executive Vice Chairman step up with a buy at $190 per share.
Corning CFO Edward Schlesinger also filed a $4.2 million sale on May 7. Bank of America Chief Risk Officer Geoffrey Greener disclosed a $6.7 million sale from May 5.
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.
