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Massive tech stocks insider selling: Apple, Microsoft, Google, Texas Instruments and More
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Loading...Once again last week the market hit historical highs and again insiders were selling shares at a furious pace.
Despite forecasts bright in 2017, the positives for which President Donald Trump signaled as tax cuts are already on the horizon. But most importantly, the share price as high as heaven and internal know it.
Here are the companies posted remarkable domestic sales last week.
Hedge fund Value Act made huge sales last week and divided by 11 million shares of Microsoft Corp (MSFT). The shares traded at prices between 63.12 and 63.77 dollars per piece and the total value of the sale was a whopping 697 million dollars.
One of the CEOs of Alphabet Inc. (GOOGL) sold shares last week. Brin Sergey sell 100,000 shares at a price between 809.40 - 820.08 dollars per share, a total of 81,580,476 dollars. On Friday, the shares closed at a price of 834.85 dollars, a 52-week consolidation moves in the price range between 672.66 - 867.00 dollars.
Carl Linder, CEO of American Financial Group Inc. (AFG), sold a total of 200,000 shares at prices between 90.63 - 91.62 dollars. The total amount of the sale amounted to 18 million dollars. Shares closed Friday at top of range at a price of 91.55 dollars in annual trade at prices between 65.38 and 92.38 dollars.
Apple Inc (AAPL) is another huge technological leader whose CEO sold shares last week. The senior vice president of the company divided by 75,000 shares at prices between 128.01 - 128.59 dollars a share. This brought him a total of 10 million dollars. Shares were traded last year at prices between 89.47 - 132.94 USD and closed the week at 132.12 dollars, near its record high.
The chief operating officer of Texas Instruments Inc. (TXN), Brian Crutcher, sold 42,550 shares last week at prices between 76.21 - 76.32 dollars per share. Total value is $ 3 million. For the past year, the shares have traded at prices between 49.99 - 79.47 dollars.
Several companies that have sold shares from insiders - BlackRock Inc. (BLK), Boston Scientific Corp. (BSX), Leggett & Platt Inc. (LEG), Vector Group Ltd. (VGR) and Western Alliance Bancorp. (WAL).
The volume of sales in the domestic trade stopped for a while domestic buying. Which is understand the huge race in the markets, which can also be a warning sign for investors.
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