Insider Cluster (2 insiders) ·Filed May 22, 2026

GGB

GERDAU S.A.
NEUTRAL
Impact 2/10
Horizonimmediate Processed4mo ago
Insider cluster: 2 insiders, $61K total
Actionable Insight • Neutral

This is a routine, low-value insider selling cluster with no actionable signal. The $61K in sales is trivial for a $9.3B company and likely reflects personal liquidity or tax planning. No trading action warranted.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
GGB ▼ -1.68% at T+60d
NEUTRAL call ✗ call lost -1.68% · α vs SPY -4.87% · entry $4.75 → $4.67
Entry anchored
May 21, 03:59 PM ET
via exchange tick
T+1d
-1.47%
call -1.47% · α -2.06%
$4.68
settled 4mo ago
T+5d
-4.00%
call -4.00% · α -5.68%
$4.56
settled 4mo ago
T+20d
-12.16%
call -12.16% · α -10.75%
$4.17
settled 3mo ago
T+60d
-1.68%
call -1.68% · α -4.87%
$4.67
settled 6w ago

Price Chart

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Executive Summary

Two GGB insiders sold a combined $61K in open-market transactions over a week, with the most recent sale by an officer at $4.60/share. The total dollar value is negligible relative to GGB's $9.3B market cap (0.0007%), making this a routine liquidity-driven cluster with no material informational content.

Key Financial Metrics

Direction
selling
Total Value
$61.0K
Insiders
2

Key Facts

  • Two insiders sold shares totaling $61K in open-market transactions from May 12-19, 2026
  • Total sales represent ~0.0007% of GGB's $9.3B market cap
  • Officer Peres Cesar Obino da Rosa sold 8,000 shares at $4.60 on May 19
  • Insider Metz Mauricio sold 5,000 shares at $4.85 on May 13
  • No insider purchases were reported in the cluster window

Financial Impact

Total insider sales of $61K are immaterial relative to $9.3B market cap

insider_ownership

Risk Factors

  • Insider selling could accelerate if broader steel sector headwinds emerge
  • No purchases to offset the selling signal

Market Snapshot

Exchange
NYSE
Sector
Steel Works, Blast Furnaces & Rolling & Finishing Mills
Analyst Consensus
85% bullish (20 analysts)

Investment Themes

Materials & Mining

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-GGB-1779454077016
16 reports for GGB
Performance horizon
50% Hit rate 2 of 4 directional calls best @ T+60▲ +10.39%Jun 15, 2026
Filters
Rows
Reports for GGB — sortable, filterable
TypeNow
Aug 14, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.74 $4.89▲ +3.16%▲ +5.16%$4.81 (+1.48%)
Aug 12, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.83 $5.10▲ +5.59%▲ +7.49%$4.81 (−0.41%)
Aug 5, 2026
8w ago
6-K
BULLISH ★ 6/10
$5.14 $4.97▼ −3.31%▼ −2.71%$4.81 (−6.42%)
Jul 21, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$4.64 $4.67▲ +0.65%▼ −1.92%$4.81 (+3.66%)
Jun 15, 2026
15w ago
6-K
BULLISH ★ 5/10
$4.62 $4.61▼ −0.22%▼ −0.42%$4.81 (+4.11%)
Jun 11, 2026
16w ago
Institutional Cluster
MIXED ★ 4/10
$4.66 $4.41▼ −5.36%▼ −7.26%$4.81 (+3.22%)
Jun 3, 2026
17w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.71 $4.07▼ −13.59%▼ −12.22%$4.81 (+2.12%)
May 28, 2026
18w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.50 $4.13▼ −8.22%▼ −6.43%$4.81 (+6.89%)
May 22, 2026
19w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.75 $4.17▼ −12.16%▼ −10.75%$4.81 (+1.26%)
May 5, 2026
21w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.80 $4.89▲ +1.88%▼ −3.08%$4.81 (+0.21%)
Showing 10 of 16

US Market Status

Market Closed — Opens Mon (37h 1m)

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Report published May 22, 2026