HomeTecStocksCEO and insiders selling is up this year with high valuations

CEO and insiders selling is up this year with high valuations

CNBC reporting that insider selling is up 8% this year compared to previous years. Tesla’s Elon has sold about $10 Billion worth of stocks so far, and the company is in the bear market as it has gone down more than 20% from its high of $1200.

Amazon’s Jeff Bezos sold about $10 Billion, Walton family about $6 billion, FaceBook’s Mark Zuckerberg sold about $4.5 billion, and Microsoft’s Nadella sold about quarter billion dollars. The selling pressure brought S&P, Nasdaq, and DOW lower for the past few weeks.

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