Members of Congress buy Meta Platforms while insiders sell $4.7mn

Two members of Congress made four purchases in Meta Platforms in filings disclosed over the last 30 days, while the internet group's own insiders reported $4.7mn of sales across 21 trades. Meta insiders made no open-market purchases during the period.

Company insiders disclosed $1.8bn of sales against $247.0mn of purchases in 1,632 open-market trades. Selling was heaviest at networking equipment maker Arista Networks, where insiders sold $162.2mn of shares, and Snowflake, with $150.3mn of sales. Housebuilder Lennar recorded the largest insider purchases at $191.5mn.

Members of Congress made 49 trades in financial stocks in the S&P 500, producing $627,000 of net buying from $1.1mn of purchases and $483,000 of sales. Technology recorded 110 transactions, resulting in $955,000 of net selling after members sold $1.6mn of shares and bought $635,000.