Two insiders at PBF Energy Inc. (PBF) have recently divested a significant number of shares, totaling approximately $34.23 million. The sales occurred on July 8th and 9th, 2026.
Specifically, Control Empresarial de Capitales S.A. de C.V. sold 380,000 shares at an average price of $52.29 per share, amounting to $19.87 million. This was followed by another sale of 270,000 shares by the same entity at an average price of $53.18 per share, totaling $14.36 million.
While insider sales can be attributed to various personal financial strategies, including diversification or tax planning, a series of notable transactions by multiple insiders can sometimes attract investor scrutiny.