GGB GERDAU S.A.

NEUTRAL Impact: 2/10 Insider Cluster (2 insiders)
Horizon immediate Filed May 22, 2026 Processed 27d 19h ago
Insider cluster: 2 insiders, $61K total
Latest settled — T+5d
GGB ▼ -4.00% at T+5d
NEUTRAL call ✗ call lost -4.00% · α vs SPY -5.68% · entry $4.75 → $4.56
Next anchor: T+20d in 4d
Last close $4.49 (close Jun 17) · -5.47% from $4.75 entry
Entry anchored
May 21, 03:59 PM ET
via Databento tick
T+1d
-1.47%
call -1.47% · α -2.06%
$4.68
settled 24d ago
T+5d
-4.00%
call -4.00% · α -5.68%
$4.56
settled 18d ago
T+20d
call — · α —
in 4d
T+60d
call — · α —
in 2mo

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

Actionable Insight

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.

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)

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-GGB-1779454077016
12 reports for GGB
Performance horizon
33% Hit rate 1 of 3 directional calls best @ T+20▲ +9.53%Apr 16, 2026
Filters
Rows
Reports for GGB — sortable, filterable
Type Now
Jun 15, 2026
3d ago
6-K
BULLISH ★ 5/10
$4.62 $4.49▼ −2.81%▼ −1.57%$4.49 (−2.81%)
Jun 11, 2026
7d ago
Institutional Cluster
MIXED ★ 4/10
$4.66 $4.75▲ +1.93%▲ +1.39%$4.49 (−3.65%)
Jun 3, 2026
15d ago
Insider Cluster
NEUTRAL ★ 2/10
$4.71 $4.59▼ −2.55%▲ +0.05%$4.49 (−4.67%)
May 28, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$4.50 $4.56▲ +1.33%▲ +1.06%$4.49 (−0.22%)
May 22, 2026
27d ago
Insider Cluster
NEUTRAL ★ 2/10
$4.75 $4.68▼ −1.47%▼ −2.06%$4.49 (−5.47%)
May 5, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.80 $4.93▲ +2.71%▲ +1.32%$4.49 (−6.46%)
Apr 28, 2026
7w ago
6-K
MIXED ★ 5/10
$4.51 $4.43▼ −1.77%▼ −1.76%$4.49 (−0.44%)
Apr 28, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.51 $4.43▼ −1.77%▼ −1.76%$4.49 (−0.44%)
Apr 28, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.51 $4.43▼ −1.77%▼ −1.76%$4.49 (−0.44%)
Apr 28, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$4.51 $4.43▼ −1.77%▼ −1.76%$4.49 (−0.44%)
Showing 10 of 12

US Market Status

Market Closed — Juneteenth — Opens Mon (77h 23m)

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