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Insider buying has decreased significantly in the last week as companies start getting ready to release Q2 results, which means we’ve entered another quiet period. Unfortunately, this also means we have fewer insider purchases to generate new ideas. Looking at the Sell/Buy ratio this week, we find that while insider purchases may have slowed, insider sales show no signs of slowing down and we decided to focus on two companies with significant insider selling.
Meta Platforms (META) and Amazon Inc. (AMZN) need no introduction. Both tech giants have transformed industries and the world at large. In many ways, the two companies are quite similar – both part of the iconic FAANG group and now, the new Magnificent 7 group of high-profile and technology-centric stocks that have rallied to exorbitant new highs.
Yet the commonalities between the two companies don’t end there. Both Meta and Amazon topped the list of our insider sales this week, and more specifically, both companies saw their billionaire founders sell massive amounts of stock. However, this is where the differences start to emerge – something we find particularly interesting.