These posts about insider selling are ridiculous. Yes, $400M sounds like a lot, but put it in perspective.
Walmart has 2.69 Billion shares outstanding, they trade at $155 per share, therefore walmart's market cap is $416 BILLION. A sale of 400M is less than 0.1% of the total. It's a drop in the bucket.
Average volume for walmart is 6.5 million shares per day, or at $155 a pop, $1 Billion worth changes hands every day.
133 million is also a drop in the bucket for these three billionaires. It's probably all automated trading based on some trigger I don't understand and not some deeper conspiracy.
These posts about insider selling are ridiculous. Yes, $400M sounds like a lot, but put it in perspective.
Walmart has 2.69 Billion shares outstanding, they trade at $155 per share, therefore walmart's market cap is $416 BILLION. A sale of 400M is less than 0.1% of the total. It's a drop in the bucket.
Average volume for walmart is 6.5 million shares per day, or at $155 a pop, $1 Billion worth changes hands every day.
133 million is also a drop in the bucket for these three billionaires. It's probably all automated trading based on some trigger I don't understand and not some deeper conspiracy.