Insider Selling Activity: Executives from eBay, Alphabet, and Macerich Trim Share Holdings
Executives from eBay, Alphabet, and Macerich engaged in insider selling, with eBay’s SVP Edward Garcia, Alphabet’s CEO Sundar Pichai, and Macerich’s President Edward Coppola all divesting shares.
Insider selling by eBay’s SVP Edward Garcia, Alphabet’s CEO Sundar Pichai, and Macerich’s President Edward Coppola has raised investor concerns.
Edward Coppola, President of Macerich, sold 50,000 shares at an average price of $17.20, receiving over $860,045.
Flex’s EVP and General Counsel David Scott Offer sold 150,000 shares at an average price of $27.46, gaining around $4.12 million.
eBay’s SVP and Chief Product Officer Edward O Garcia divested 1,165 shares twice at an average price of $43.03, accumulating around $50,130 each time.
Alphabet’s CEO Sundar Pichai sold 22,500 shares at an average price of $143.08, receiving approximately $3.2 million. Alphabet temporarily halted Gemini AI’s image generation due to inaccuracies, reflecting executive concerns about technology performance or other factors.
Chairman and CEO Jamie Dimon of JP Morgan sold $125 million worth of $JPM shares yesterday, marking his first-ever sale of company shares since taking on the role in 2006.
Lisa Su, Chair and CEO of Advanced Micro Devices, recently offloaded $20.4 million worth of AMD shares in an insider trading move.
The Walton family recently offloaded $4.5 billion in Walmart ($WMT) shares, with each sibling—Jim, Alice, and Rob—selling $1.5 billion worth. These transactions were reported after the market closed on Friday.
Jeff Bezos has recently filed for the sale of an additional 14 million shares of Amazon, totaling approximately $2.4 billion. In 2024, Bezos’s total sales of Amazon stock now amount to around $8.4 billion.
On February 28th, the CEO of Snowflake resigned, resulting in a 20% decline in the stock during after-hours trading. Over the course of 2022 and 2023, the CEO had engaged in pre-planned sales, offloading more than $200 million worth of $SNOW stock in 2023 alone.
Between February 26 and 28, 2024, Mark Zuckerberg, the Director, major shareholder, Chairman, and CEO of Meta Platforms, Inc. (META), engaged in a series of stock transactions. On February 26, he executed sales involving 3,357 shares, 1,857 shares, 2,017 shares, 9,709 shares, 7,803 shares, 9,908 shares, 8,085 shares, 4,493 shares, 4,211 shares, 3,826 shares, and 3,562 shares, at prices ranging from $480.25 to $486.03 per share.
Continuing on February 27, Zuckerberg sold 356 shares, 200 shares, 718 shares, 786 shares, 6,156 shares, 8,127 shares, 7,255 shares, 4,455 shares, 3,996 shares, and 1,319 shares, with varying prices between $480.25 and $486.6 per share.
The transactions concluded on February 28, with sales of 1,319 shares, 3,013 shares, 2,981 shares, 5,476 shares, 5,370 shares, 8,436 shares, 6,604 shares, 1,093 shares, 2,434 shares, 400 shares, and 2,028 shares, each at prices ranging from $483.44 to $490.50 per share.
These insider transactions may indicate executives’ perceptions of stock valuations or raise concerns about the prospects of their respective companies.
On March 6, Google CEO Sundar Pichai sold 22,500 shares. Last week, Alphabet’s CEO divested the same number of shares at an average price of $143.08, garnering around $3.2 million.
Last week, Tesla Chair Robyn Denholm divested 93,705 shares of $TSLA, totaling over $16 million.
Update
An insider trading alert for Alphabet rev kleals that on 3rd April, 2024, CEO Sundar Pichai has recently sold 22,500 shares of $GOOG, totaling slightly over $3.5 million in value.
The U.S. markets have experienced the highest level of insider selling since 2021, with Jeff Bezos of $AMZN emerging as the biggest seller, offloading shares worth $8.5 billion. Image credit: @SquawkCNBC
Update:
On April 8, GameStop board member Larry Cheng bought an additional 10,000 shares of $GME at an average price of $11.22, with the transaction being filed on April 9.
Update
CEO Jensen Huang has recently sold $28.9 million worth of $NVDA shares, bringing his total sales to $424 million over the past six weeks.
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