Insider selling is routine and immaterial in size. The raised guidance from the May 5 earnings report is the dominant catalyst. Monitor for any material insider buying or larger sales (>$5M) that would signal a change in conviction.
Price Chart
Executive Summary
Six Cummins insiders, including the EVP & President of Operations and the President of Engine Business, sold a total of $1.74M in open-market shares over a 5-day window following the Q1 2026 earnings release. The sales are modest relative to the $97.2B market cap (0.002%), making them routine portfolio adjustments rather than a signal of distress. The cluster is amplified by the proximity to earnings, but the dollar amounts are immaterial.
Key Financial Metrics
Key Facts
- 6 insiders sold $1.74M total in open-market transactions from May 8-12, 2026
- Largest seller: Merritt Brett Michael (VP & Pres. - Engine Business) sold $483K
- EVP & President of Operations Fetch Bonnie J sold $457K
- Total sales represent ~0.002% of CMI's $97.2B market cap
- Sales occurred 3-7 days after Q1 2026 earnings (May 5) which missed EPS consensus but raised full-year guidance
- 10 directors received non-cash stock grants of 306 shares each on May 12 (total $0 economic value)
Financial Impact
Total insider sales of $1.74M, immaterial relative to $97.2B market cap
Risk Factors
- No material risk signaled by this cluster given the trivial dollar amounts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CMI-1778683562774 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | 8-K | $635.96 $551.15 | ▼ −13.34% | ▼ −12.10% | $526.30 (−17.24%) |
May 14, 2026 20w ago | Insider Cluster | $715.24 $659.58 | ▼ −7.78% | ▼ −6.92% | $526.30 (−26.42%) |
May 8, 2026 21w ago | Insider Cluster | $679.55 $651.22 | ▼ −4.17% | ▼ −4.19% | $526.30 (−22.55%) |
May 8, 2026 21w ago | Insider Cluster | $679.55 $651.22 | ▼ −4.17% | ▼ −4.19% | $526.30 (−22.55%) |
May 8, 2026 21w ago | Insider Cluster | $677.23 $651.22 | ▼ −3.84% | ▼ −3.86% | $526.30 (−22.29%) |
May 8, 2026 21w ago | Insider Cluster | $707.96 $655.69 | ▼ −7.38% | ▼ −6.77% | $526.30 (−25.66%) |
May 8, 2026 21w ago | Insider Cluster | $677.23 $651.22 | ▼ −3.84% | ▼ −3.86% | $526.30 (−22.29%) |
May 8, 2026 21w ago | Insider Cluster | $677.23 $651.22 | ▼ −3.84% | ▼ −3.86% | $526.30 (−22.29%) |
May 8, 2026 21w ago | Insider Cluster | $677.23 $651.22 | ▼ −3.84% | ▼ −3.86% | $526.30 (−22.29%) |
May 8, 2026 21w ago | Insider Cluster | $677.23 $651.22 | ▼ −3.84% | ▼ −3.86% | $526.30 (−22.29%) |
US Market Status
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