Weekly Insider Money Tracking: PG&E Major Shareholder Sells 60,000,000 Shares of Stock

Mooers Radar wrote a column · Jan 14, 2023 03:29

1 | Below is a look at the top insider trades with the biggest value in the past week.

Top insider trade of the week was $PG&E Corp(PCG.US)$. Major shareholder PG&E Fire Victim Trust sold 60,000,000 shares of the firm's stock in a transaction on Monday, January 9th. The shares were sold at an average price of $15.26, for a total value of $915,600,000.00. Following the completion of the sale, the insider now directly owns 187,743,590 shares in the company, valued at $2,864,967,183.40.

In the past three months, PG&E insiders have sold of their company's stock for $1,432,550,000.00.

New York State Teachers Retirement System acquired a new stake in PG&E Co. (NYSE:PCG - Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,394,977 shares of the utilities provider's stock, valued at approximately $17,437,000. New York State Teachers Retirement System owned about 0.06% of PG&E at the end of the most recent reporting period.

Weekly Insider Money Tracking: PG&E Major Shareholder Sells 60,000,000 Shares of Stock

2 | Weekly Congress tracking

There is no congress trading activity filings for the week.

Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions. Individual investors could potentially make use of thisalternative data of the latest Senate stock disclosuresto obtainmarket insights.

Source: Benzinga, Finviz, UnusualWhales

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