Fly Insider: ModivCare, Arcbest among week’s notable insider trades

Welcome to “Fly Insider,” The Fly’s weekly recap of notable insider stock transactions

NOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from August 7 through August 11 include:

• Beneficial owner of Westrock Coffee (WEST) HF Direct purchased 5,000,000 shares of company stock at $10 per share for a total transaction amount of $50,000,000
• Chairman of ModivCare (MODV) Christopher Shackelton purchased 435,893 shares of company stock at $35.74 per share for a total transaction amount of $15,578,206
• Director of VF Corp (VFC) Richard Carucci purchased 40,000 shares of company stock at $19.09 per share for a total transaction amount of $763,644
• CEO of Entravision Communications (EVC) Christenson Michael purchased 187,170 shares of company stock at $3.87 per share for a total transaction amount of $724,348

NOTABLE INSIDER SALES: Significant inside sales reported in the prior week from August 7 through August 11 include:

• VP of Cymabay Therapeutics (CBAY ) DanielMenold sold 20,945 shares of company stock at $12.35 per share for a total transaction amount of $258,744
• Chairman of AmerisourceBergen (ABC) Steven Collis sold 10,499 shares of company stock at $186.19 per share for a total transaction amount of $1,954,809
• Chairman of Airbnb (ABNB) Brian Chesky sold 30,000 shares of company stock at $138.67 per share for a total transaction amount of $4,160,166
• Chairman of Arcbest (ARCB) Judy McReynolds sold 25,000 shares of company stock at $109.70 per share for a total transaction amount of $2,742,598

NOTABLE PRICE MOVEMENT AFTER INSIDER TRANSACTION: Shares of ModivCare are up approximately 14% after chairman Christopher Shackelton purchased 435,893 shares of company stock at $35.74 per share, while shares of Arcbest moved lower by approximately 4% after chairman Judy McReynolds sold 25,000 shares of company stock at $109.70 per share for a total transaction amount of $2,742,598.