Pay attention to sea change. Retail investors flood into market while insiders sold billions. Retail investors flood into tech while Wall Street aggrees that tech is the most crowded trade.
Insiders:
Knorr-Bremse AG's Heinz Hermann Thiele took the bump up in the market as an opportunity to sell about $1.2 billion in stock, while Adyen NV co-founders Pieter van der Does and Arnout Schuijff joined a group of executives that sold $821 million of stock in the payment company, according to Bloomberg. Fortive Corp.'s Mitchell and Steven Rales also sold about $1 billion.
Glovemaker Kossan Rubber Industries Bhd. founder Lim Kuang Sia also sold more than $30 million in stock in August. Lee Wai Keong of glovemaker Riverstone Holdings raised $45 million in a share placement earlier in September. Leslie Wexner of L Brands sold $89 million of his stock in August, as well.
Retail:
