Insider filings from the past two weeks reveal a split market. Some of the biggest names are buying. Others are quietly heading for the exits.
Bill Gates goes big on waste. The Microsoft co-founder filed purchases of over $87M in RSG (Republic Services) between May 14 and 18. He bought shares across multiple transactions at prices near $207–$215. That's a clear vote of confidence in the waste management giant.
Twilio's board dumps $315M. Hedge fund director Andy Stafman filed two large sales in TWLO this month. He sold 1 million shares on May 27 for $184M, and another 675,000 shares on May 12 for $131M. Both trades were filed this week. That's a significant exit near multi-year highs.
CVS takes a $296M hit from its own board. Larry Robbins, a hedge fund manager on the CVS board, sold nearly $300M in CVS stock across three filings on May 21. The sales came at roughly $93–$94 per share.
DraftKings founder sells $32M. Co-founder Matt Kalish filed a $31.7M sale in DKNG on May 15, offloading 1.9M shares at $16.59. Walmart's founding family also quietly sold over $250M in WMT shares across three filings on May 26.
The buying is concentrated in defensive names. The selling is broad and heavy.
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.
