High-profile insiders are selling their stock by the bucketload.
Jeff Bezos, Mark Zuckerberg, the Walton family, Jamie Dimon…
Insiders have sold a combined $11 billion in company stock this month.
Should investors be reading anything from these sales?
Despite trading near all-time highs…
High-profile CEOs, founders, and heirs are selling their company stock.
- Jeff Bezos sold Amazon (NASDAQ: AMZN) shares worth $8.5 billion in multiple transactions this month.
- JPMorgan (NYSE: JPM) CEO Jamie Dimon sold $150 million in stock last week, his first cashing out since taking the top job at the bank 18 years ago.
- Leon Black, co-founder and former CEO of Apollo Global Management (NYSE: APO), shed $172.8 million in stock—also a first-ever stock sale.
- Mark Zuckerberg unloaded about 1.4 million shares of Meta (NASDAQ: META) stock worth roughly $638 million. He sold nearly $600 million in the three months leading up to February and his proceeds from combined sales during the past four months have reached $1.2 billion.
- Advanced Micro Devices (NASDAQ: AMD) CEO Lisa Su recently sold more than $20 million in stock.
- The Walton family sold $1.5 billion in Walmart (NYSE: WMT) stock this month.
Here’s a snapshot of insider volumes in the last 60 days.
As you can see, the selling stampede is undeniable.
This is very unusual and potentially a big deal worth paying attention to.
So what’s the reason behind this?
Do they know something that we don’t?
It’s important to consider these two things.
One, insiders have a track record of walking away from danger in advance.
And two, it’s undeniable how market, macroeconomic, and geopolitical risks are mounting.
That’s why Jamie Dimon says that the US economy is starting to look more like the 1970s stagflation: a time of massive inflation and low growth.
Yours in Wealth,
Ian Wyatt