Schlumberger Ltd (SLB US, -1, 25-Oct-24) Abdellah Merad (EVP, Core Services & Equipment since 2019, joined 1997) sold 60,000 shares on October 24th at $41.90, reducing his holdings by -22% to 212,000 shares. This is his second sale this year, and follows a 50,000 share sale in February at $48.52. We ranked this stock -N on […]
Marvell Technology Inc (MRVL US, +N, 15-Oct-24) Matthew Murphy (Chair and CEO since 2023, CEO since 2016) purchased $1m of stock on the 14th October at $77.63. This is an odd purchase, his first since joining in 2016 and a reversal from a series of sales, most recently at $73.29 in September 2024 (under a trading plan dated […]
Has the threat of an imminent increase in UK capital gains tax impacted UK directors transactions in their own companies and which companies are seeing the most concerning director sales? We have seen a clear increase in the number of UK director sales (relative to director buys) since the UK election in July 2024, likely […]
Biohaven Ltd (BHVN US, +1, 03-Oct-24) On October 2nd, as part of a $287 million offering, John Childs (Director since 2022) and Vladimir Coric (Chair and CEO since 2022) each purchased $1 million worth of stock at $47.50. They own approximately 7% and 4%, respectively, of the company. On September 24th Gregory Bailey (Director since 2022) purchased $221,000 at $44.19. He last bought in […]
Southwest Airlines Co (LUV US, +1, 03-Oct-24) Rakesh Gangwal (Director since July 2024) purchased $107 million worth of stock from September 30th to October 1st at an average price of $29.64. While new to the board it is encouraging to see him make such a large investment. He has extensive experience in the industry, including being the co-founder of […]
Dollar General Corp (DG US, -N, 20-Sep-24) Steven Deckard (EVP of Store Operations since 2024, joined 2006) sold $174,000 of stock on the 18th September at $86.66, reducing his holding by 41%. It appears he only became declarable during 2024 so there is no history with which to judge him, his option holdings are also not disclosed in […]