3 reasons big-time CEOs sold billions in company stock recently

Tesla CEO Elon Musk, an avid Twitter user, posed a question for his 62 million followers in early November: Should he sell 10% of his stock in the electric carmaker?

The CEO, who’s also chief executive of SpaceX, proceeded to unload over $9 billion in Tesla stock that month and sold an additional $963 million in Tesla shares this week. The stock has fallen about 18% since Nov. 4, the week before Musk began his relentless sell-off.

While it might be unusual to poll Twitter followers about stock…


Source link

About search

Check Also

In the Market: Economic surprises are messing with the market's favorite recession predictor – Yahoo Finance

In the Market: Economic surprises are messing with the market's favorite recession predictor – Yahoo Finance

[unable to retrieve full-text content]In the Market: Economic surprises are messing with the market’s favorite …

Leave a Reply

Your email address will not be published. Required fields are marked *