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Insider Moves: Charles Schwab, Phillips 66, NXP, Corning, Boston Scientific

Insider Moves: Charles Schwab, Phillips 66, NXP, Corning, Boston Scientific

Insiders have been trading these 5 stocks: ((SCHW)), ((PSX)), ((NXPI)), ((GLW)) and ((BSX)). Here is a breakdown of their recent trades and their value.

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Charles Schwab has seen a flurry of activity from its top executives, with significant stock sales taking place. CRO Nigel Murtagh sold 24,096 shares, netting a total of $2,359,239. Co-Chairman Walter Bettinger made an even larger transaction, selling 173,876 shares for a substantial $17,185,903. Meanwhile, President & CEO Richard A Wurster parted with 20,500 shares, bringing in $2,032,780. These transactions highlight a notable shift in the holdings of Charles Schwab’s leadership.

In contrast, Phillips 66 has witnessed a different trend, with key figures opting to increase their stakes in the company. President and COO Michael A. Heim purchased 1,000 shares, valued at $125,970, signaling confidence in the company’s prospects. Additionally, Director Sigmund Cornelius acquired 500 shares for $61,775, further demonstrating a positive outlook from the company’s leadership.

NXP Semiconductors experienced a notable transaction with EVP & CFO William Betz selling 6,785 shares, amounting to $1,542,501. This sale marks a significant move within the company’s financial leadership, potentially reflecting strategic financial planning or personal financial management by the executive.

Corning has seen a series of substantial stock sales from its executives, indicating a potential shift in investment strategy. EVP & COO Avery H III Nelson sold 36,240 shares, totaling $2,256,302. EVP & CFO Edward A Schlesinger followed suit, selling 14,082 shares for $876,886. Vice Chairman, EVP and CLAO Lewis Steverson also sold 16,646 shares, bringing in $1,035,714, while SVP and GM, Optical Comm Michael Paul O’Day sold 14,879 shares for $927,854. These transactions suggest a significant realignment of stock holdings among Corning’s top brass.

Boston Scientific has also seen notable stock sales by its directors. Director Edward Ludwig sold 4,000 shares, generating $424,120. Similarly, Director Yoshiaki Fujimori sold 2,901 shares, amounting to $310,377. These sales may indicate personal financial decisions or broader strategic considerations within the company’s board of directors.

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