Just saw that Joey Wat, the CEO of Yum China, dumped over 104k shares for around $5.74 million back in mid-February. Interesting because this is apparently his first recorded sale - dude's been holding tight until now. After the sale he still has like 433k direct shares plus another 273k indirect, so it's not like he's bailing completely.



The timing's worth noting too. Yum China (YUMC) is up about 12% on the year but has been pretty volatile with that China exposure. Meanwhile the parent company YUM stock has crushed it way harder over the past few years. Makes you wonder if he's just taking some profits or if there's something else going on.

For anyone thinking about getting into Yum China - it's basically KFC, Pizza Hut, Taco Bell and other brands but specifically for the China market. Huge footprint there but yeah, you're betting on Chinese consumer stocks which can swing hard. Definitely riskier than the broader YUM play. Anyone else watching this one?
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