Insider filings this week reveal a split market. C-suite executives are cashing out. At least one billionaire is buying hard.
Bill Gates filed this week showing he spent over $93 million buying shares in RSG — Republic Services, the waste management giant — across multiple transactions between May 14 and May 18. He paid between $207 and $215 per share. The buying was consistent and spread across several days, a pattern that signals deliberate accumulation rather than a one-off decision.
On the sell side, CVS saw hedge fund board member Lawrence Robbins file sales totalling $262 million this week. He sold nearly 2.8 million shares at around $94 each. That's a significant exit from a company still working through a major restructuring.
CME Group saw three insiders — including the Chairman and CEO — sell a combined $12.2 million in the same week. Cluster selling by multiple executives at the same time is always worth noting.
On the buy side, a 10% owner at WGS — GeneDx Holdings — filed three separate purchases totalling between May 18 and May 20. The genomic testing company has been on a strong run. The continued buying at elevated prices suggests confidence in the trajectory.
FBIN — Fortune Brands Innovations — also drew a fresh $13.5 million purchase from a board-level hedge fund representative, filed May 20.
This article is not financial advice.
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