Intuitive Surgical insiders sell $12.0mn as politicians buy shares

Insiders at Intuitive Surgical sold $12.0mn of shares on the open market in seven transactions over the past 30 days, while two members of Congress completed four purchases of the medical device maker. Insiders made no purchases in the period.

Across all companies, insiders completed 1,527 open-market trades in the last 30 days, buying $247.0mn of stock and selling $1.6bn. Networking equipment maker Arista Networks recorded insider sales of $162.2mn, while computer hardware maker Dell Technologies logged $145.9mn in sales. Insiders at housebuilder Lennar bought $191.5mn of shares, and soft drinks maker PepsiCo recorded $23.7mn of purchases.

Twenty-four members of Congress disclosed 696 trades in the same 30 days, with 372 sales worth $7.4mn and 324 purchases worth $4.7mn. Sales represented 61 per cent of value, producing $2.7mn of net selling. In S&P 500 companies, members logged $848,000 of net selling in technology and $625,000 of net selling in consumer staples, while financial shares had $627,000 of net buying across 47 trades.