BBD BANK BRADESCO

NEUTRAL Impact: 4/10 Insider Cluster (3 insiders)
Horizon weeks Filed Jun 3, 2026 Processed 11d 18h ago
Insider cluster: 3 insiders, $3.3M total
Latest settled — T+1d
BBD ▲ +0.03% at T+1d
NEUTRAL call ✓ call won +0.03% · α vs SPY -0.37% · entry $3.39 → $3.39
Next anchor: T+5d due 5d ago
Last close $3.50 (close Jun 12) · +3.37% from $3.39 entry
Entry anchored
Jun 3, 2026
via day open
T+1d
+0.03%
call +0.03% · α -0.37%
$3.39
settled 11d ago
T+5d
call — · α —
due 5d ago
T+20d
call — · α —
in 17d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Three BBD insiders (two directors and one board member) sold a total of $3.35M in open-market sales over a 6-day window. While the dollar amount is modest relative to BBD's $37.1B market cap (~0.009%), the cluster includes a director selling $2.64M, which is notable in absolute terms. The sales are not part of a regular 10b5-1 pattern and occur without any disclosed negative catalyst, but the historical calibration for this ticker shows prior neutral reports underperformed significantly, suggesting caution.

Key Financial Metrics

Direction
selling
Total Value
$3.4M
Insiders
3

Actionable Insight

The insider sales are too small relative to BBD's market cap to signal material bearish conviction. However, the stock's recent weakness (prior neutral report lost -14.45% at T+20) and the lack of a clear 10b5-1 pattern for the largest seller warrant monitoring for any upcoming negative news. No immediate action needed, but watch for additional insider selling or a negative catalyst in the next 10-Q.

Key Facts

  • Three insiders sold a total of $3.35M in open-market sales from May 27 to June 1, 2026
  • Director Camara Rogerio Pedro sold 146,338 shares for $2.64M at $18.03
  • Board member de Minas Mauricio Machado sold 29,800 shares for $523K at $17.56
  • Director Ramalho Miranda Jose Augusto sold 10,300 shares for $185K at $18.00
  • Total sales represent ~0.009% of BBD's $37.1B market cap — trivial relative to company size
  • No 10b5-1 plan pattern or regular interval sales detected; all are open-market transactions
  • Prior neutral report on BBD (Feb 2026) saw T+20 return of -14.45% with 0% win rate, suggesting the stock has been weak regardless of insider activity

Financial Impact

Total insider sales of $3.35M, representing ~0.009% of market cap — economically trivial

insider ownership

Risk Factors

  • Insider sales may precede negative company-specific news not yet disclosed
  • BBD's stock has shown persistent weakness; further downside possible regardless of insider activity
  • Brazilian political/economic risk could impact BBD's ADR performance

Market Snapshot

Exchange
NYSE
Sector
State Commercial Banks
Analyst Consensus
72% bullish (18 analysts)

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BBD-1780496084030
2 reports for BBD
Performance horizon
Filters
Rows
Reports for BBD — sortable, filterable
Type Now
Jun 11, 2026
3d ago
6-K
NEUTRAL ★ 2/10
$3.40 awaiting T+1awaiting T+1$3.50 (+3.09%)
Jun 3, 2026
11d ago
Insider Cluster
NEUTRAL ★ 4/10
$3.39 $3.39▲ +0.03%▼ −0.37%$3.50 (+3.37%)
Showing 2 of 2

US Market Status

Market Closed — Opens in 4h 34m

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