First off, all these shares are planned sales from months back, they didn’t just wake up and firesale their shares off, primarily because they’re not allowed to. The market didn’t respond because we’ve known about it for months.
Your suspected narrative is wrong, and your statement of CEO’s never selling stock is just wrong. They are more likely selling shares right now because they’re playing the game of dumping stock on high market to buy back in when the slump comes, and it’s not taking any genius to know that’s very likely to happen soon. CEOs also get more stock as part of their yearly remuneration packages and very often they need to exercise options.
With all due respect, of course they would sell shares in their own companies, especially when the price is at an all time high.
First off, all these shares are planned sales from months back, they didn’t just wake up and firesale their shares off, primarily because they’re not allowed to. The market didn’t respond because we’ve known about it for months.
Your suspected narrative is wrong, and your statement of CEO’s never selling stock is just wrong. They are more likely selling shares right now because they’re playing the game of dumping stock on high market to buy back in when the slump comes, and it’s not taking any genius to know that’s very likely to happen soon. CEOs also get more stock as part of their yearly remuneration packages and very often they need to exercise options.
Not much to see here folks.