United Parcel Service Inc (UPS US, +N, 26-July-24)

liam Johnson (Chair since 2016, joined 2009) purchased $643,034 worth of stock on July 25th at $128.61. It’s interesting to see him buying now, making his first purchase despite a long tenure with the company. Moreover, this is his largest ever investment across his roles as well as his first recorded trade since June 2013.

Johnson earlier held various executive positions in H.J. Heinz Company, including Chair, President, and CEO. He serves on the Board of Directors of Sovos Brands, Inc. and he previously served on the Board of Directors of PepsiCo, Inc. until 2020. The company reported its earnings results on July 23rd.

We are ranking stock +N (notable and positive signal). 

Note: the company recently announced it is restarting its share repurchase program, planning to buy $1B annually and $500m in 2024.